United Bank for Africa (UBA)

United Bank for Africa (Tanzania) Limited is a subsidiary of the United Bank for Africa Plc, headquartered in Lagos, Nigeria, one of Africa’s leading financial institutions offering universal banking to more than 8 million customers across more than 1 000 branches in 19 African countries and in New York, London and Paris.UBA Tanzania opened its doors to the citizens of Tanzania in the year 2009, on the date of October 29th, after acquiring a license from the Bank of Tanzania to operate and conduct banking business in Tanzania. The bank started with the initial capital base of US $15,000,000 (fifteen million US dollars), which is far in excess of the Bank of Tanzania (BOT) requirement for a Tanzanian Banking License.Our Vision “Is to be the undisputed leading and dominant financial services institution in Africa.” Our MissionTo be a role model for African businesses by creating superior value for all our stakeholders, abiding by the utmost professional and ethical standards, and by building an enduring institution, as this stands to be our core mission for UBA Tanzania.Our PeopleUBA Tanzania is endowed with a dynamic Board of Directors drawn from diverse industry backgrounds within the global economy. The Board is chaired by General Robert Mboma (Rtd), a former chief of defence force of the Tanzania People’s Defence Forces. The Board is ably supported by a dedicated Management Team of young, talented, and multi-skilled professionals of diverse industry experience.The Bank’s Business UBA Tanzania is majorly and deposit taking and lending financial institution that has brought to the market various comprehensive and innovative world-class financial solutions to support the needs of customers at individual and corporate levels. So far, UBA Tanzania has had its involvement in syndication of funds with TANESCO, TRA and other government bodies.The Bank aims to change the way people bank in Tanzania by targeting the unbanked with flexible collection, remittance and payment solutions that come under electronic banking platform. UBA Tanzania has a pool of over 500,000 customers in personal, commercial and corporate market segments and ably supported by a team of more than 100 professional and skilled staff employed with the bank, drawn from diverse industry backgrounds and fields of experience.The bank has built a strong public, private partnership to complement government’s efforts on infrastructure development and open additional branches to deepen the penetration of banking services in the country. UBA Tanzania sees itself as the pace setter in offering the best solutions to customers in the market and positions itself as a giant in the banking industry.UBA Tanzania has strategic alliances with top global brands including MoneyGram, Western Union and SWIFT for international money transfers and Africash for transfers within countries of UBA presence. We also have collection partnerships with Tanzania Revenue Authority for bills collection.Our LocationUBA Tanzania currently has its Corporate Headquarters located at Nyerere Road, in Dar es Salaam, Tanzania. UBA proudly continues to extend its services closer to the citizens of Tanzania with distribution of 3 branch networks in areas that attract and conveniently reach high net-worth income corporate customers, SME’s, traders and industries. The 3 branch networks act as retail outlets for customers to access banking transactions:-•Pugu Road Branch•Kariakoo Branch•City Center BranchProducts/Services1. Freedom Savings Account2. Business Current Account3. Employee/Individual Current Account4. UBA Savings Account5. Domiciliary Account (USD, EUR, & GBP)6. U-Care Savings Account7. U-direct (Internet Banking)8. UBA Africard Prepaid Card9. Consumer Credit products10. Loans11. Asset Finance12. Import & Trade Finance