{"id":21021,"date":"2018-02-01T16:15:28","date_gmt":"2018-02-01T15:15:28","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=21021"},"modified":"2018-02-01T16:15:28","modified_gmt":"2018-02-01T15:15:28","slug":"fitch-affirms-stable-outlook-uba","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fitch-affirms-stable-outlook-uba\/","title":{"rendered":"Fitch Affirms Stable Outlook On UBA"},"content":{"rendered":"

Fitch Ratings has affirmed the Long Term Issuer Default rating of United Bank for Africa Plc at “B”, with a stable outlook.<\/p>\n

According to Fitch, the rating of UBA is driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria\u2019s operating environment.<\/p>\n

In the report issued on Wednesday, Fitch highlighted the lender\u2019s systemic importance, franchise and internationalisation across 19 African countries.<\/p>\n

Fitch said it viewed UBA\u2019s earnings and profitability positively, especially as its reported impaired loans\/gross loans ratio (Non Performing Loan Ratio) remained relatively low around four per cent.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Assessing the bank\u2019s loan portfolio, Fitch noted that, “Corporate lending dominates the loan book, but much of it is collateralised. UBA\u2019s exposure to the oil and gas sector represents 20 per cent of total loans, lower than the 30 per cent sector average.<\/p>\n

This is a reflection of the diversified structure of UBA\u2019s credit portfolio and an apparent evidence of the sound risk management of the bank.”<\/p>\n

Photo Caption: UBA LOGO<\/em><\/strong><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has affirmed the Long Term Issuer Default rating of United Bank for Africa Plc at “B”, with a stable outlook. According to Fitch, the rating of UBA is driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria\u2019s operating environment. In the report issued …<\/p>\n","protected":false},"author":6,"featured_media":21022,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1663],"coauthors":[2391],"class_list":["post-21021","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fitch"],"yoast_head":"\nFitch Affirms Stable Outlook On UBA - National Wire<\/title>\n<meta name=\"description\" content=\"Fitch Ratings has affirmed the Long Term Issuer Default rating of United Bank for Africa Plc at "B", with a stable outlook. 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