United Bank for Africa (UBA) Plc has announced the appointment of Martin CHE as the new Regional Director in charge of four subsidiaries in the CEMAC zone. The position covers the bank’s activities in Cameroon, Congo Brazzaville, Gabon and Chad.
The appointment, which took effect on March 1, 2018, confirms the bank’s desire to structure its development policy around regional centers. Previously based in the Congo, Martin Che has increased the return on equity of the local subsidiary by 100%, bringing this ratio from 8% in 2013 to 36% in 2015. More importantly, the cost / income ratio 85% has returned to a reasonable 45%.
For the past three years (2015, 2016 and 2017), UBA Congo has been voted first among the 11 French-speaking subsidiaries in terms of pre-tax income.
In his reactions to his new appointment, he said: “It is an honor to serve through the CEMAC and it is my greatest wish that the four subsidiaries I have the responsibility of leading can develop in no time. giant. I would like to thank my former Regional Director, Mr. Emeke Iweriebor, and the Director General of the Group, Mr. Kennedy Uzoka, for their support and advice so far. I would also like to thank the President of the UBA Group, Mr. Tony Elumelu, for his inspiring leadership and entrepreneurial dynamism “.
