United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 members of its staff.
The development, the bank explained, was to reinforce its commitment to human capital investment and career progression, at the current challenging operating circumstances.
Promotions were made across UBA’s global network and was announced via a letter written on Monday, April 3, 2017 to Group staff by CEO, Kennedy Uzoka.
He wrote: “Since my recent appointment as GMD/CEO, one of my priorities has been to address the needs of our people. I strongly believe that if we take care of our people, our people will take care of our customers – our ultimate employers.
“Investment in our human capital is critical to our success. It is a product of our ability to invest for the long term and create an institution that is built to last. It is the bedrock of our determination to be Africa’s leading customer focused bank.”
In addition to the promotion, Mr Uzoka unveiled a new Workforce Model and an extension of the existing Group car loan benefit, to 1,000 previously ineligible staff.
The policies are in direct response to staff feedback from the Employee Engagement Survey, which the CEO says has helped define current and future human capital investment.
The revised Workforce Model democratises access to leadership roles and opportunities at the bank.
Mr. Uzoka ended his letter on an uplifting note, urging UBA employees – Lions and Lionesses – to “continue to embody UBA core values daily – in our endless quest for Excellent Service…Delivered!”
Group Chairman, Tony Elumelu, congratulated UBA’s executive management, as he noted the current challenging business environment.
He encouraged the industry to follow UBA’s lead, in putting its workers first.
“Promoting at this scale and creating career opportunities for staff at a time like this is an indication of industry leadership and worthy of emulation.
“It is no accident that this is occurring after the announcement of our strong 2016 results and as our shareholders receive dividends later this week. We want all our key stakeholders to share our success.
“I commend the bank for creating robust and meritocratic career opportunities for all staff at a time when some in our industry are downsising or casualising staff. This is truly remarkable.”
UBA recently announced N384 billion earnings for 2016, an impressive 22% growth over performance in 2015 and also grew profit before tax by 32% to N91 billion.
UBA’s commitment to its broader pan-African network was reflected in a series of awards, including five ‘Bank of The Year’ awards for Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London and the 2016 EMEA Finance Banking Awards by leading financial publication EMEA Finance Magazine.
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This post was last modified on April 5, 2017 3:53 PM