United Bank for Africa Ghana has been named among the world’s safest banks by Global Finance, an international financial magazine, in its 2022 ranking.
It was ranked fourth in Africa and was the only bank in Ghana to be named to the prestigious list compiled by three rating agencies: Moody’s, Standard & Poor’s, and Fitch.
An institution must be among the world’s largest 1,000 banks by assets and have at least one long-term foreign currency deposit or debt rating from one of the three major rating agencies to be considered among the safest banks by country, according to the Global Finance
According to a statement issued by the magazine, as most regions of the world’s banking systems struggle with widespread economic stress and the ongoing effects of the pandemic, its safest and most secure bank rankings recognize country winners who demonstrated resilience in preserving their franchise to earn this recognition and important designation.
Chris Ofikulu, the Managing Director of UBA Ghana, said the recognition was a result of the bank’s vision to be the leading financial institution and diligent management of its assets, which have placed the bank among the safest banks in the world. “We are really delighted that our desire to offer first-rate banking solutions to our valued clients has been globally recognized. We remain committed to upholding the trust of our customers and continue to seamlessly meet their banking needs and expectations,” he said