United Bank For Africa Plc · NSENG:UBA
United Bank For Africa — H1 2025 Earnings Presentation
43 slides from United Bank For Africa's earnings presentation, September 2025
Slide 1: United Bank for Africa Half Year 2025 Results Presentation
United Bank for Africa Half Year 2025 Results Presentation Africa, USA, UK, France, UAE Africa’s Global Bank
Slide 2: Disclaimer
Disclaimer IMPORTANT: From time to time, United Bank for Africa Plc (“UBA” or the “Bank”) Any forward-looking statements contained in this presentation represent the views makes written and/or oral forward-looking statements. These are included in this of management only as of the date hereof and ar
Slide 3: Outline
Outline Section Page 1. About UBA Group 04 2. UBA’s Growth and Evolution Story 11 3. Global Operating Environment Overview 15 4. Sustainability & Governance 20 5. Financial Performance 23 6. Digital Business & Payment System 36 7. Outlook/Guidance 41 United Bank for Africa 3
Slide 4: About UBA Group
About UBA Group United Bank for Africa Plc (UBA) is a leading pan-African financial services group with presence in 20 African countries, as well as in the United States of America, the United Kingdom, France and United Arab Emirates. Enterprise Excellence Execution • Own the task • Be responsive an
Slide 5: About UBA Group
About UBA Group Products Market Channels Staff UBA is a financial UBA has over 45 million UBA has one of the the Group had over institution, offering a customers in retail, largest distribution 25,000 direct and range of banking and commercial and networks in Africa. As at support staff. pension fun
Slide 6: UBA’s Credentials
UBA’s Credentials Over 7 decades of strength, stability & stewardship Disciplined, customer-centric strategy Product leadership & innovation Proven expertise and capacity in key sectors Solution-focused technology & integrated operating platform United Bank for Africa 6
Slide 7: UBA’s Credentials
UBA’s Credentials 45 Million+ 1,000+ 430,000+ 160,000+ Total Customers Branches and Touchpoints Active POS Machines Agents 20 4 22 Million+ 2,669+ African Operations Operations outside Africa Active No of Cards Issued ATMs 40.1 Million+ 6.3 Million+ 25,000+ Digital Banking Customers Leo Users Employ
Slide 8: UBA’s African Footprint
UBA’s African Footprint Carefully thought-out Pan-African strategy, focused on promoting financial services across Africa… Nigeria Benin Cameroon Kenya • Established in 1949 • Established in 2009 • Established in 2008 • Established in 2009 • Serves as Headquarters • 16 branches • 21 branches • 5 bra
Slide 9: UBA’s International Presence
UBA’s International Presence … and being a gateway between Africa and the rest of the World United States of America United Kingdom (UK) France United Arab Emirates (UAE) ▪ Facilitating payments by ▪ UBA UK acts as a bridge, ▪ Provide global relationship ▪ Operating as a branch of leveraging on our
Slide 10: UBA’s International Presence
UBA’s International Presence … and being a gateway between Africa and the rest of the World United States of America United Kingdom (UK) France United Arab Emirates (UAE) ▪ Facilitating capital and ▪ The facilitation of multi- ▪ Provide lending and other ▪ Serve customers across the development flow
Slide 11: UBA’s Growth and Evolution Story
UBA’s Growth and Evolution Story United Bank for Africa 11
Slide 12: UBA’s History and Key Milestones
UBA’s History and Key Milestones ▪ UBA’s London business became a subsidiary (1984) ▪ Standard Trust bank commenced operations (1997) ▪ UBA becomes the first Nigerian bank to issue Global Depository Receipts (1998) 1949 - 1980 1981 - 2000 ▪ British & French Bank (BFB) commenced business in Nigeria w
Slide 13: UBA’s History and Key Milestones
UBA’s History and Key Milestones ▪ Won Financial Times’ Bankers’ Award for the overall best Bank in Africa, Best Bank in Cameroon and Senegal (2012) ▪ Divested from its non-bank subsidiaries and property management business (2013) ▪ UBA Chad and Senegal awarded Bank of the Year by the Banker Magazin
Slide 14: UBA’s History and Key Milestones
UBA’s History and Key Milestones “Our Heritage, Our Strength.” 2021 - Date ▪ UBA celebrated 70 years of banking operation in Africa. Named Africa’s Bank of the Year by The Banker magazine record ▪ Opened UBA Dubai-DIFC to facilitate international corporate relationships ▪ Expanded digital services,
Slide 15: Overview of Operating Environment
Overview of Operating Environment United Bank for Africa 15
Slide 16: Economic Environment and Trends
Economic Environment and Trends Global Euro Area Sub-Saharan Africa ✓ Global GDP: Growth is projected to drop to ✓ GDP is expected to remain moderate at ✓ GDP growth is expected to rise from 3.9% in 3.0% in 2025 from the 3.3% in 2024, due to 1.0% in 2025, before picking up to 1.2% in 2024 to 4.0% in
Slide 17: Global GDP projected to grow by 3.0% in 2025
Global GDP projected to grow by 3.0% in 2025 Global Economy - Real GDP % GDP Growth rate in countries of operation Real GDP % $ 2023 2024 2025 (f) 10 4.0 3.9 3.6 3.5 International Countries 3.0 3.3 8 China United States 2.9 2.8 1.9 1.5 1.8 1.8 United Kingdom 0.4 1.1 1.2 6 France 1.6 1.1 0.6 SSA Unit
Slide 18: Macroeconomic environment - Nigeria
Macroeconomic environment - Nigeria MPR vs Inflation Rate GDP Growth Rate GDP Contribution By Sector Monetary Policy Rate Inflation Rate 4.23% Financial Institutions, Livestock, 3% Professional, Scientific & Technical Services, 2% 3.86% 3.76% 3% 40% Food, Beverage Trade, 18% 3.46% 3.48% and Tobacco,
Slide 19: Nigeria Stands Resilient Amid Trump’s Tariff Moves
Nigeria Stands Resilient Amid Trump’s Tariff Moves The trade between the Nigeria and USA appears relatively balanced, Trumps tariff impact on exports would remain minimal. Nigeria’s Global Trade Volume (₦’bn) 20.5 15.4 9% 7% Total Imports Total Export % of Import From USA % of Export To USA Value %
Slide 20: Sustainability & Governance
Sustainability & Governance United Bank for Africa 20
Slide 21: UBA’s ESG Practices
UBA’s ESG Practices ESG remains a pivotal feature of the Group’s business, with results to show for it Governance Strategy • The Board has the ultimate responsibility for ESG • ESG is embedded in our vision to be the undisputed practices, with the oversight functions delegated to leading and dominan
Slide 22: UBA’s ESG Practices Summary
UBA’s ESG Practices Summary ESG remains a pivotal feature of the Group’s business, with results to show for it 13,260 5 1994 SMEs supported Agency Banking Nos. Sustainability Trainings 47% Female Representation on the Board 15 N1.25bn c.1.66bn Training and Human Nos. Customer Experience CSR Donation
Slide 23: Financial Performance
Financial Performance United Bank for Africa 23
Slide 24: Financial Highlights
Financial Highlights Diversified income sources, accelerated customer growth, and enhanced resilience to risk Income Statement (₦’billion) H1 2025 H1 2024 % Change Gross Earnings 1,608 1,371 17.3 • The upward trend in Gross earnings underscores a robust revenue Net Interest Income 773 675 14.6 base,
Slide 25: Profitability Growth Drivers
Profitability Growth Drivers Improved Core Earnings & Strategic Resilience, Despite Market Challenges Build up In PAT, (₦’bn) • The growth in PAT was driven by an improved interest +98 income, fee & commission income & operating income, +2 +28 together with a lower tax burden. +12 336 316 +32 -108 •
Slide 26: Key Metrics
Key Metrics Resilient earnings performance backed by a solid upward growth trajectory Gross Revenue, ₦’bn Net Interest Income, ₦’bn Non-Interest Income, ₦’bn 367 773 274 675 274 363 1,334 1,004 115 115 177 257 H1' 23 H1' 24 H1' 25 H1' 23 H1' 24 H1' 25 H1' 23 H1' 24 H1' 25 Interest Income Non-Interes
Slide 27: Strong and diversified Income
Strong and diversified Income Interest Income (₦'bn) 1,334 ✓ Bank Placements - 8% 1,004 ✓ Loans and advances - 39% ✓ Investments Securities - 52% H1' 2025 H1' 2024 Non-Interest Income (₦'bn) 367 ✓ Fee and Commission income - 92% 254 ✓ Net Trading and Revaluation gain/(loss) - (4%) ✓ Other Operating
Slide 28: Trading & Revaluation gains
Trading & Revaluation gains ….. Strong double-digit growth in fixed income securities as revaluation gain reverses Trading & Revaluation Components of Trading & Revaluation Gains Gains (₦'bn) -110% 98 ₦70.8bn ₦42.7bn *-₦123.5bn 122% 18% 952.1% (₦31.9bn in H1 24) (₦51.8bn in H1 24) (₦14.9bn in H1 24)
Slide 29: Fee and Transactional Income
Fee and Transactional Income Fees & Commission Contribution to Fees & Commission Income Income (₦'bn) Pension funds custody fees – 1% 1.2% Commission on transactional services – 10% Credit related fees – 16% 254 Remittance fees – 6% Commission on turnover – 3% Trade transaction income – 8% Account m
Slide 30: Asset Portfolio Analysis
Asset Portfolio Analysis Robust portfolio with diversified Asset & loan portfolio Loans Investment Securities ▪ Accounts for the largest proportion (44%) • Includes Loans to Customers & Banks and of Total Assets constitutes 23% of total assets • Recorded 3.1% YTD growth from ₦7.51trn in Dec • Record
Slide 31: Loan Distribution Analysis
Loan Distribution Analysis Robust loan portfolio Laons By Geography Sector/Industry H1 2025 FY 2024 Agriculture 3.77% 3.48% 47% 46% Information & Comms 4.17% 4.31% Power & Energy 5.67% 5.87% Manufacturing 7.61% 8.86% Governments 10.67% 9.39% Others 12.42% 8.46% General 12.52% 11.94% General Commerce
Slide 32: Robust Balance Sheet Growth
Robust Balance Sheet Growth … underpinned by a solid risk management practices Group Total Assets (₦’mn) Loan Book (₦’mn) +10% +47% +3% +118% 30,323,355 33,268,462 7,510,617 7,744,960 20,653,197 3,440,128 FY' 23 FY' 24 H1' 25 FY' 23 FY' 24 H1' 25 Investment Securities (₦’mn) +14% Other Assets (₦’mn)
Slide 33: Funding and Liability Breakdown
Funding and Liability Breakdown • Optimized Funding Strategy • Customer deposits continue to dominate the Bank’s funding mix (83%), which demonstrates combined efforts at deepening our wallet share of the Corporate, Commercial, and Retail business. • Low-cost deposit instrumental to achieving a mode
Slide 34: Resilient Growth in Customer Deposit
Resilient Growth in Customer Deposit Customer Deposits (₦’bn) Customer Deposit Mix (%) – H1 2025 +51% 7% 14% 24,188 22,537 23% 63% 14,891 2023 2024 H1' 25 Demand Savings Term ➢ Strong deposit growth due to extensive product offerings, preferred banking partner, and service efficiency/quality. ➢ The
Slide 35: Geographical Performance of Africa Business
Geographical Performance of Africa Business The other African Markets have recorded impressive growth… Operating Revenue Growth by Region (₦’bn) 87% • All regions are growing top line strongly, reinforcing the H1'25 H1'24 515 group’s diversified African footprint is driving value. 35% • West Africa
Slide 36: Digital and Payment Business
Digital and Payment Business United Bank for Africa 36
Slide 37: Digital Channels Performance
Digital Channels Performance The Bank boasts of a robust and growing digital business, with a plethora of e-banking channels Channel H1 2023 H1 2024 H1 2025 % Growth Subscription (mn) 4.3 5.4 6.3 17% • Our strategic investments in digital infrastructure continue to Leo deliver returns, with efficien
Slide 38: Stock Performance
Stock Performance United Bank for Africa 38
Slide 39: Share Price Trend
Share Price Trend …. UBA performing at par with the Banking Sector Index. Stock Exchange Ticker Share Information Current Performance Listed Nigerian Stock Exchange (NGX) UBA Shares Outstanding 41,039,305,640 High NGN 50.51 Low NGN 30.50 2019 2020 2021 2022 2023 2024 Sept’ 2025 Market Capitalization
Slide 40: Credit Ratings
Credit Ratings UBA Plc Credit Ratings by recognized Rating Agencies National National National National • Short-term: ngA-2 • Short-term: A1+(NG) • Short-term: F1+(nga) • Short-term: Aa- • Long-term: ngBBB+ • Long-term: AA+(NG) • Long-term: AA(nga) International International International • Long-te
Slide 41: Outlook / Guidance
Outlook / Guidance United Bank for Africa 41
Slide 42: FY2025 Guidance
FY2025 Guidance FY 2025 FY 2025 Revised H1 2025 Achieved Initial Guidance Guidance Deposit Growth 45% 9.7% 20% Loan Growth 40% 3.1% 10% Cost of Risk 2.8% 0.9% 1.5% Non-Performing Loan Ratio 6.5% 5.8% 6.5% Return on Average Equity 25% 17.6% 20% Return on Average Assets 2.4% 2.1% 2.4% Capital Adequacy
Slide 43: Thank You
Pri Nov) Thank You
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