Victor EzejaChairman of the United Bank for Africa (UBA) Group, Tony Elumelu, has signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand, paving the way for the commencement of full banking operations in France.
The agreement, which was signed in the presence of Nigeria’s President Bola Ahmed Tinubu, who is on a state visit to France, signifies support of the French Government for the development of UBA’s full banking operations in the country.
Join our WhatsApp ChannelSpeaking at the signing ceremony, Elumelu highlighted the importance of the partnership to UBA’s quest for expansion of international banking services not just in Africa but across Europe, America and Asia.
Elumelu stressed that as a pan-African bank, the aim is to bring the continent closer to the world through innovative and strategic partnerships.
“This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole; and French and European customers transacting with Africa,” Elumelu stated.
“Expanding into France is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will join London, New York and Dubai, as a critical component of our unique global network,” the UBA Group chairman added.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally. Operating in twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.
Victor Ezeja is a passionate journalist with six years of experience writing on economy, politics and energy. He holds a Masters degree in Mass Communication.
