Best bank 2025: UBA Liberia
UBA Liberia stands out as Euromoney’s winner for Liberia’s best bank due to its impressive leadership in the market and significant financial achievements. Over two years, the bank saw an unprecedented growth in its deposits, amassing $384 million in 2024 up from $289 million in 2023, and is now leading the industry in both deposits and risk assets.
This growth trajectory is complemented by a remarkable 90% increase in profit before tax, rising from $11.2 million in 2023 to $18.1 million in 2024, which not only underscores its strategic execution but also its robust financial health.
The institution has been equally progressive in digital innovation and regional integration. Relentlessly advancing towards modernisation, UBA Liberia has broadened its digital banking services by incorporating platforms such as WhatsApp Banking, Google Business Chat, Instagram and Apple Messages, reflecting its commitment to adapting to modern customer needs.
The introduction of electronic tax collection and electricity bill payment services has significantly streamlined public utility transactions for its customers. A notable integration into the Pan African Payment and Settlement System exemplifies its efforts to facilitate smoother cross-border transactions in West Africa, broadening its impact beyond national boundaries.
UBA Liberia has also set a benchmark with its environmental, social and governance (ESG) initiatives. The bank has invested in environmental sustainability through initiatives involving tree planting and the promotion of solar energy loans. Its commitment to social responsibility in illustrated by its donations of sanitary pads and efforts to improve access to clean water, directly supporting the empowerment of women and youth in the community.
