UBA Set To Begin Full Banking Operations in France, Elumelu Shares Vision, Plans
- United Bank for Africa (UBA) has announced that it will fully begin banking operations in France
- The agreement was signed during President Tinubu’s state visit to France, where he met with French President Emmanuel Macron
- Nigeria and France are working towards building a stronger business relationship, and more Nigerian banks have decided to establish a presence there
Dave Ibemere, a journalist at Legit.ng, has been reporting on business for over ten years. He has deep knowledge of the Nigerian economy, stock market, and general market trends.
United Bank for Africa (UBA) has officially signed an agreement to begin full banking operations in France.
The agreement was signed in the presence of Nigerian President Bola Tinubu and French President Emmanuel Macron during President Tinubu’s ongoing state visit to France.
Source: Getty Images
The Chairman of UBA Group, Tony Elumelu at the signing expressed optimism about the partnership, emphasising UBA’s commitment to delivering seamless international banking services, Guardian reports.
He stated.
"This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but also for French and European customers transacting with Africa."
Elumelu further explained that the move into France is a strategic one, positioning Paris as UBA’s European Union hub, Punch reports.
He added:
"Expanding into France is a natural progression. Paris will join London, New York, and Dubai as a critical component of our unique global network.
"We continue to bring Africa and the world together through innovative financial solutions."
Zenith Bank opens branch
Zenith Bank Plc has launched a new branch in Paris, France.
The bank announced the commissioning of its Paris branch on Wednesday, November 28, 2024, saying that the Minister of Finance, Wale Edun, performed the commissioning ceremony.
Zenith Bank, Paris is a subsidiary of Zenith Bank UK Limited, a subsidiary of Zenith Bank Plc.
Read also
Zenith Bank launches new branch in France as Access completes acquisition of 2 banks abroad
10 banks with highest customer deposits in 2024
Ealier, Legit.ng reported that Nigerian commercial banks have recorded an increase in customer deposits so far in 2024 despite the economic situation
United Bank for Africa leads the list, followed by Access Holdings, the parent company of Access Bank
The CBN has consistently assured Nigerians that banks are safe and funds in customers' accounts are fully secured.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
