The History Behind UBA Bank And How Tony Elumelu Became The Bank Owner/CEO And More
OVERVIEW
In the history of banking in Nigeria sector, after mentioning just 1 bank the next name that comes to your mind is UBA Bank because of it popularity, 24 Hours unlimited services available, interest in savings and much more.
UBA Bank, headlines many others bank in Nigeria and Africa at large, not just because it popular but because of it unlimited services, ways in which the bank is run making it one of the best and outstanding among others.
Tony Elumelu, came into picture and took over the bank in year 1997, that’s approximately 27years ago as of 2024 and during the period this article was written.
The bank has been operating unlimitedly and keep it best part as promised by serving her customers without much drama and complain compare to others with either service issues or cash availability shortages.
Year Founded (UBA Bank)
The United Bank For Africa (UBA Bank) was originally founded in 1949 and was formerly known as “The British and French Bank Limited (BFB),” 48 years before Tony Elumelu bought it in 1997. He also led a small group of investors to take over a struggling Crystal Bank (later renamed Standard Trust Bank) and merged with UBA Bank.
The Bank started booming and winning alots of customers heart for it fair play in saving customers money and making sure there’s much interest in every money saved depending the amount and duration without touch.
How Old Was Tony Elumelu When He Became UBA Bank CEO & More
In 1997 when Tony Elumelu led a small group of investors to take over a struggling Crystal Bank (UBA Bank Today) the businessman, philanthropist and CEO was just 34-years old of age as of 1997.
Tony Elumelu is also the head leader and CEO of Heirs Holdings, Transcorp, United Bank for Africa (UBA) and is the founder of The Tony Elumelu Foundation.
In 2020, the Nigerian business man, Tony Elumelu name was mentioned on Time’s List of the 100 most influential people and CEO in the whole world.
For the past 27-years, Tony Elumelu, has successfully run the banking business and still up keeping the name and celebrating win when others are folding up due to mismanagement or lack of funds to further it activities.
Branches And Countries Of Operation;
Tony Elumelu successful merged UBA with Standard Trust Bank 1 August 2005 and further expanded the bank operations which was only in Nigeria to 20 other African countries, where it serves as one of the largest merger in Nigerian Stock Exchange (NSE).
The bank and it handlers, operators and headliners work with effort to make sure the increase it stands of operation and make it available in other 20 African countries.
United Bank For Africa (UBA Bank) has branches in various areas or state in Nigeria with super active staffs attending to customers and giving them unlimited deserve services.
UBA Bank Code, Customer Care And More
No knowledge is wasted, one reasons we are putting up information that we think it could help the society build better and further in the banking sector (UBA Bank).
*919#, is the UBA Bank Code for those of us who are not using smart phones or mobile to carry out our daily transactions or activities from the “UBA App,” the code remains the same, *919#.
For transaction using the code, all you just have to is dailing the above mentioned code on your phone or device and follow the prompt instructions to carry out any form of transactions.
UBA BANK SWIFT CODE
The United Bank For Africa Swift code is UNAFNGLA005, it the same for all UBA Bank customers.
What is Swift Code? Is an international bank code that identifies or represents a particular banks worldwide.
The Swift Code is mostly used when attaching your Nigerian bank details to an international payment method.
In many occasions, alots of people doesn’t know they can get this swift code by search online some queue in the bank just to get it.
A friend of mine spend hours in the bank about days ago, only for me to tell him to search and get it on Google.
What I Think Personally About UBA Bank And My Experience!!
I was a member of other banks untill somewhere in October 2018 when some UBA Bank agent came to former work place then to open an account for me.
Although at first I was not cool with it, but I just have to do it so they can leave let me have my peace.
A at a point I decided to start using the UBA savings account for a token, I started putting some amount of money without withdrawing for a month.
I think at first was 100k naira then, after the first month of not withdrawing and interest was added to my money, I start saving more.
Fast forward to when I was having the total of 3.5million saved in that account, my interest rates raised to 25k monthly and it was a lot more for me.
Can I Recommend UBA Bank For Anyone?
Yes, since my experience with UBA Bank and their interest rates, almost everyone in my family are using the bank because I told them about the benefits and how your money is save without much thinking or fears.
UBA BANK LOANS TERMS APPLIES
If you are a business person looking forward in expanding your business and making it more profitable but out of capital, UBA Bank is save to asked for a loan.
All you need as a business person to get a loan from UBA Bank, the business most be up and running for at least the period of 1-year before qualifying for the first stage of the loan.
You must have a business account, either with UBA Bank or any bank of your choice and your credit score must be clean to get a loan from UBA.
CONCLUSION
UBA was originally founded in 1949, Tony Elumelu bought it in 1997 and merged it to Standard Trust Bank 1st August 2005 and currently running in 20 African countries with branches all Over.