United Bank for Africa (UBA) Plc has recorded a 11.8 percent growth in customer deposits for the the financial year ended December 31, 2025.
According to the audited results released over the weekend, customer deposits grew to N27.2 trillion from N24.3 trillion in the previous year, underscoring continued customer confidence in the pan-African lender.
Similarly, the Bank also posted a 9.4 per cent increase in total assets to N33.2 trillion for the financial year ended December 31, 2025, up from N30.3 trillion in 2024.
Despite a marginal decline in gross earnings to N3.09 trillion from N3.19 trillion recorded in 2024, the bank said its performance remained supported by resilient core operations and its diversified footprint across Africa and international markets.
The Group noted that its 2025 performance was shaped by prudent risk management measures, including loan loss provisions of N331 billion and fair value losses on derivatives amounting to N278 billion, factors it described as largely non-recurrent.
These adjustments weighed on profitability, however, UBA maintained that its core banking strength remained intact, with operating profit exceeding N1 trillion before the impact of the exceptional items.
The Bank’s shareholders’ funds rose significantly to N4.25 trillion in 2025 from N3.42 trillion in 2024, bolstered by a successful rights issue that lifted share capital and premium to N505 billion.
Commenting on the performance, the Group Managing Director/Chief Executive Officer, Oliver Alawuba, said the bank’s strategy remained firmly anchored on leveraging its geographic spread and core business strengths.
“The 2025 financial year was defined by UBA’s proactive approach to the Central Bank of Nigeria’s (CBN) new recapitalization requirements. The Group successfully concluded capital raising programme, which was oversubscribed, reflecting strong investor confidence in UBA’s long-term growth strategy. A total of N395 billion additional capital was raised, enhancing our capacity to support our footprints, and expanding lending to key sectors,” he said.
He added, “We have also made significant investments in innovation, technology and resources to drive our payment and digital offerings; this will help scale digital-led income streams across our markets.”
Projecting into 2026, Alawuba expressed optimism about the bank’s growth trajectory, stating, “Looking ahead, UBA is well-positioned to accelerate growth, with plans to strategically expand its risk asset base across key sectors as macroeconomic conditions improve. With expectations of over N1 trillion in additional growth in the near term, the Group remains committed to driving sustainable earnings, deepening financial inclusion, and delivering superior value to shareholders across all its markets.”