This agreement marks a significant endorsement from the French Government for the expansion of UBA’s comprehensive banking operations within France.
At the signing ceremony, Tony Elumelu, Chairman of UBA Group, stated: “This collaboration underscores our dedication to providing seamless international banking services not only to our clients across the 11 Francophone African nations we operate in but also to the broader African continent and European customers engaging with Africa. Establishing a presence in France is a logical step, with Paris positioned as our hub within the European Union, as we strive to connect Africa with the global market through innovative financial solutions. Paris will complement our existing hubs in London, New York, and Dubai, enhancing our distinctive global network.”
United Bank for Africa stands as one of the largest employers in Africa's financial sector, boasting a workforce of 25,000 and serving over 45 million customers worldwide.
With operations spanning twenty African nations, as well as the United Kingdom, the United States, France, and the United Arab Emirates, UBA offers a range of retail, commercial, and institutional banking services, driving financial inclusion and leveraging advanced technology.