The United Bank for Africa (UBA), is set to begin bank operations in France.
This was disclosed in a statement by the Bank’s group on Thursday.
The group noted that the agreement with the French Finance Minister, Antoine Armand, was part of President Bola Tinubu’s state visit to France.
During the visit, the Chairman of UBA Group, Tony Elumelu, in the presence of Tinubu and the President of France, Emmanuel Macron, signed the agreement indicative of support by the French Government for the development of UBA’s full banking operations in France.
Elumelu who noted that the Bank’s expansion to France is a natural progression, disclosed that Paris will serve as the Bank’s European Hub.
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 Africa as a whole and French and European customers transacting with Africa.
“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.”
