2009 Annual Report and Financial Statements - UBA Plc

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RUNA N. ALAM (AMERICAN) Director Appointed 2007 Studied International and Development Economics at Princeton University, USA (where she was winner of The Harry S. Truman Scholarship) and holds an MBA from Harvard Business School, USA (where she was winner of the Annual Agri-Business Report). She was Chief Executive Offi cer of Kingdom Zephyr Africa Management (a joint venture management company of Kingdom Holdings owned by Prince Alwaleed of Saudi Arabia, and Zephyr Management, a New York based private equity fi rm) and Zephyr Management Africa Investment Fund. Prior to joining Zephyr, she had stints at Merrill Lynch and Morgan Stanley & Co. She is currently Executive Offi cer of Development Partners International. JA’AFARU PAKI Director Appointed 2008 Obtained a DSc degree in Business Administration from Bradley University, USA. Has had a distinguished career working for Mobil Oil Nigeria, the Nigerian National Petroleum Corporation (NNPC) and Unipetrol Nigeria where he served as Managing Director/CEO between 1999 and 2001. Has held directorships in several companies, including Kaduna State Housing and Property Development Authority, Kaduna State Industrialisation Board, African Petroleum, and Stallion Property and Development Company. He was Special Assistant on Petroleum Matters to President Olusegun Obasanjo (2003 – 2007). He is currently Chairman of Nymex Investment Limited, Chairman of Kaduna State Inter-Ministerial Committee on Industrial Parks and an active participant in the Extractive Industries Transparency Initiative (NEITI). Annual Report 2009 9 Board of directors
Senior management 10 Annual Report 2009 The management team of UBA Group includes professionals who have both functional expertise and managerial skills that are collectively complementary. In addition to the Executive Directors, the Executive Committee comprises the following principal offi cers, all of whom are Group General Managers: KENNEDY UZOKA Group Human Resources Director An award-winning graduate of Mechanical Engineering (BSc) from the University of Benin, he holds an MBA (Finance) degree from the University of Lagos and had training at both International Institute of Management Development, Lausanne, Switzerland and Harvard Business School, Boston Massachusetts, USA. Has over 17 years’ working experience in the banking sector, during which period he has played several roles at senior and executive levels in retail banking, strategy and business transformation and branch expansion. He served as the Chairman of the Integration Committee for the Bank‘s Purchase and Assumption transactions between 2007 and 2008. He currently has supervisory responsibilities for Human Capital Management in the Bank. ANDRE BLAAUW Group Chief Risk Offi cer Holds BCom, BSc and MBA degrees from various South African Universities. As a Chartered Financial Analyst, he holds the membership of the Association of Investment Management Research (AIMR). Has over 20 years of banking experience in strategy, treasury and business transformation. The last 12 years of his career have been dedicated to the risk management fi eld. FEMI OLALOKU Group Chief Operating Offi cer Holds BSc (Civil Engineering) and MBA degrees, both from the University of Lagos. Has over 15 years of work experience in the banking sector, holding several management positions in Operations and Information Technology. IFEATU ONEJEME Group Director, Group Treasury and Financial Services Holds a fi rst class honours degree in Accountancy from the University of Nigeria and the fellowship of the Institute of Chartered Accountants of Nigeria. An alumnus of two Ivy League schools in the USA at the post-graduate level – The Wharton Business School and the University of Chicago Graduate School of Business. Has over 23 years of active banking and fi nancial services experience across several areas, including Treasury and Financial Services, Operations and Information Technology, Risk Management, Strategic Planning and Management, Performance Management, and Budgeting and Financial Control.
Page 1 and 2: United Bank for Africa Plc RC: 2457
Page 3 and 4: Deposits (N’Billion) 1500 1200 90
Page 5 and 6: Group at a glance Countries of oper
Page 7 and 8: Board of directors 4 Annual Report
Page 9 and 10: Board of directors (continued) 6 An
Page 11: Board of directors (continued) 8 An
Page 15 and 16: Chairman’s statement CHIEF FERDIN
Page 17 and 18: Chairman’s statement (continued)
Page 19 and 20: Group Managing Director/Chief Execu
Page 25 and 26: Review of Group’s fi nancial perf
Page 27 and 28: Review of Group’s fi nancial perf
Page 29 and 30: Our products and services Selected
Page 31 and 32: Corporate social responsibility rep
Page 37 and 38: Directors’ report for the period
Page 39 and 40: Directors’ report (continued) •
Page 41 and 42: Directors’ report (continued) AUD
Page 43 and 44: Corporate governance report (contin
Page 45 and 46: Report of the Audit Committee To Me
Page 47 and 48: Report of the independent auditors
Page 49 and 50: Accounting policies for the period
Page 55 and 56: Consolidated profi t and loss accou
Page 57 and 58: Consolidated cash fl ow statement f
Page 59 and 60: Notes to the consolidated fi nancia
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Notes to the consolidated fi nancia
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Group fi ve-year fi nancial summary
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Risk management report ENTERPRISE-W
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Risk management report (continued)
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Shareholder information MARKET STAT
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Shareholder information (continued)
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Shareholder information (continued)
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Glossary AML Anti Money Laundering
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Corporate information (continued) N
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Notice of annual general meeting (c
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Notes 128 Annual Report 2009
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e-Dividend mandate form Dear Shareh
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Registrars UBA Registrars Limited R
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