United Bank for Africa (UBA) Plc. has officially opened a new branch in the United Arab Emirates (UAE).
The Africa’s global bank is extending its operations to the oil-rich Middle East country with the official launch of its new branch at the Dubai International Financial Centre (DIFC) in Dubai.
UBA remarkably has its presence in 24 countries globally and on four continents.
Relishing on the expansion of its footprint, the bank took to its Twitter page and wrote:
“UBA hopes to serve its teeming customers across the Middle East as it officially becomes the first Pan African bank to establish a branch in Dubai directly from Nigeria.”
“The birth of @UBADubai is in line with our vision: global in outlook and competence, African by heart and knowledge, and a bridge to the world economy.”
“Over the years, the Gulf, especially the UAE have become an important hub for global trade and also a trade gateway for Africa.”
“@UBADubai will serve our customers across the Middle East with a core focus on correspondent banking, trade and Treasury, whilst harnessing the opportunities the region has to offer to unlock our untapped economic potential and support our continent’s development.”
Group Chairman, United Bank for Africa Plc., Tony Elumelu said:
“What started as an ambitious dream is today a reality as the bank has expanded its operations beyond Africa, the United States, and Europe to the United Arab Emirates.”