Nigeria's United Bank for Africa expands into Middle East
The new branch located in the Dubai International Financial Centre will serve customers across the region and focus on correspondent banking, relationship management and advisory services, UBA said in a statement.
UBA Group chairman Tony O. Elumelu said the new UAE branch would enable trade finance and investments between the Middle East and Africa.
"We have been looking forward to this day as it is the first time we will have presence in this part of the world. We know that our international expansion is incomplete if we are not present in the Gulf," he said.
UBA already operates in 20 African countries, Britain, France and the United States.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
Absa Group's strategic Dubai office to enhance Africa-Gulf investment links 2 Apr 2025 Adetutu Laditan's mission to position the African creator 13 Mar 2025 #InternationalWomensDay2025: Sinmisola Hughes-Obisesan - A visionary driving Africa's creative future 7 Mar 2025 #WorldRadioDay: Why radio is still a hit maker 13 Feb 2025 #Loeries: How Noah’s Ark turned Airtel into Nigeria’s most loved brand 11 Oct 2024 Investec opens office in Dubai's financial centre 25 Sep 2024
