This position has won the bank the prestigious and Internationally acclaimed Bankers Award, as “Bank of the year 2020”. The 2020 edition of the awards ceremony was held virtually on Wednesday, December 2, 2020, where UBA Liberia and six other UBA Subsidiaries won the honour for their respective Subsidiaries. UBA Liberia has enjoyed immediate commercial benefit by being the first to be integrated with the Central Bank of Liberia National Electronic Payment System (NEPS) Switch phase 2 project. As the only bank to integrate with this system, UBA Liberia is now the sole collecting bank for mobile tax payments via telcos on behalf of the Liberia Revenue Authority. In 2019, UBA Liberia increased its Tier 1 capital by 20%, its assets by 34% and its net profits by 92%.

Source: Front Page Africa December 04, 2020 06:11 UTC