The Ordinary General Shareholders’ Meeting of United Bank for Africa (UBA-Senegal) was held on June 8, 2018 at the Bank’s headquarters on the Almadies Route, under the direction of Mr. Fogan SOSSAH, Chairman of the Board of Directors.
This meeting attended by the shareholders of the bank, as well as the Director General of UBA-Senegal, Mrs. Amie Ndiaye SOW, allowed the Board of Directors to present its annual report and the accounts of the exercise. It was also an opportunity for shareholders to renew their confidence in the executive bodies of the bank and all its staff. The general report and the special report of the Statutory Auditors presented to the Shareholders’ Meeting did not mention any reservations in the certification of the financial statements for the financial year.
UBA Senegal ended the 2017 financial year with an increase in its total balance sheet from F CFA 208,316 to F CFA 245,063 billion between December 2016 and December 2017. Net income at December 31, 2017 was up to F CFA 7.2 billion against F CFA 5.6 billion in 2016, making UBA Senegal the most profitable subsidiary of the group.
“UBA Senegal has achieved a remarkable place in the Senegalese market, by providing its customers with products and services of excellent quality, which has earned it the award for the sixth time in a row. the year “by the prestigious” The Banker “magazine of the Financial Time,” reports a statement from the bank.
