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2013: Banks saw regulatory-induced reduction in income and increased funding costs

Last Tuesday the Group Managing Director of UBA, Mr Phillips Oduoza had a panel discussion with some selected reporters. He debunked insinuations that Tony Elumelu was teleguiding the bank and why the share price of the bank is low at the moment. He gave insight into the tough banking environment in 2013. He also spoke on the bank’s journey in its foreign operations and what investors should expect going forward.

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