UBA Deposits Surge 11.8% to N27.2 Trillion in 2025

United Bank for Africa (UBA) Plc announced an 11.8% growth in customer deposits, totaling N27.2 trillion for the financial year ending December 31, 2025, compared to N24.3 trillion in 2024. The bank's total assets increased by 9.4%, reaching N33.2 trillion, up from N30.3 trillion in the previous year.

UBA's gross earnings stood at N3.09 trillion, slightly down from N3.19 trillion in the prior year. Oliv Alawuba, the Group Managing Director, emphasized the bank's resilience and the effectiveness of its pan-African diversification strategy.

Despite a moderate bottom line performance relative to the previous year, UBA's core business, particularly subsidiaries outside Nigeria, achieved double-digit growth. The bank successfully concluded a capital raising program, oversubscribed at N395 billion, which reflects strong investor confidence in UBA's long-term growth strategy.

This additional capital will enhance the bank's capacity to support its footprint and expand lending in key sectors while investing in innovative technology to drive digital payment solutions.