The United Bank for Africa (UBA-Ghana) Limited has been adjudged the “Best Bank – Product Innovation and Services” for its innovative cash transfer product across Africa – Africash.
This was bestowed on the Bank at the just ended Ghana Banking Awards held last Saturday in Accra.
A statement from UBA-Ghana and copied to the Ghana News Agency said the Bank’s dominance in the digital banking space had been demonstrated by its product innovation and the Africash was one of many introduced along with SMS alert, to enhance service delivery.
The statement said the UBA also won award for first runner-up for the Best Financial Performance, which was a testimonial to its financial position at the last accredited financial year for 2016.
Mrs Abiola Bawuah, the Managing Director of UBA, said the Bank had been at the forefront of innovation since its inception.
Mrs Bawuah noted that: “We have introduced many technological solutions in a bid to give our customers superior service and we are elated to have been recognized as the most innovative bank in Ghana.
“Very soon, we are coming up with a card that answers the customer just in time exactly when they need funds. We hope to charm our customers by this product as well.”
The statement said UBA’s industry leading product, Africash, allows its customers to send and receive cash using a simple real time process across its 18 subsidiary banks in Africa, as well as its three international locations in New York, London and Paris.
UBA Ghana remains a major force in the Ghanaian Banking industry with a balance sheet size significantly improved by 55.04 per cent in 2016 and ended the year at GH¢3.74 billion.
The significant rise in the Bank’s total balance size was mainly funded with a whopping 68.26% increase in total customer deposits and closed 2016 with GH¢ 2.97 billion.
UBA Ghana is a subsidiary of UBA Plc, one of the leading providers of banking and other financial services on the African continent.”
The Bank provides services to over 14 million customers globally, through one of the most diverse service channels in sub-Saharan Africa, with over 1,000 branches and customer touch points and robust online and mobile banking platforms.