An international financial magazine ‘Global Finance’ has named United Bank for Africa (UBA) Ghana among the World’s safest banks in the 2022 rankings.
UBA placed 4th position in Africa and is the only bank in Ghana to make it into the prestigious list provided by three ratings AgenciesMoody’s, Standard & Poor’s and Fitch.
A statement issued by the magazine says, “As banking systems in most regions of the world struggle with widespread economic stress and the lingering effects of the pandemic, our Safest Bank rankings recognize country winners that demonstrated resilience in preserving their franchises to earn this important designation.”
Commenting on this honour by Global Finance, Chris Ofikulu, Managing Director of UBA Ghana says, “This recognition is the outcome of UBA’s vision to be the leading financial institution and diligent management of our assets which have placed the bank among the safest banks in the world.
“We are really delighted that our desire to offer first-rate banking solutions to our valued clients has been globally recognised.”
“We remain committed to upholding the trust of our customers and continue to seamlessly meet their banking needs and expectations.”
According to Global Finance, “To be eligible for inclusion among the Safest Banks by Country, entities must be among the world’s largest 1,000 banks by assets and carry at least one long-term foreign currency deposit or debt rating from one of the three major rating agencies.”
Source: norvanreports.com