The United Bank of Nigeria (UBA) says it has signed a business cooperation deal with the French government to commence full banking operations in France.
The bank, in a statement, said Tony Elumelu, chairman of UBA Group, signed the deal with Antoine Armand, the French finance minister.
According to the statement, as part of President Bola Tinubu’s state visit to France, Elumelu signed the agreement in the presence of the Nigerian president and French President Emmanuel Macron.
The statement noted that “the agreement is a significant indication of support by the French Government for the development of UBA’s full banking operations in France”.
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Speaking at the signing ceremony, Elumelu said the partnership reinforces UBA’s commitment to providing seamless international banking services for its customers – “not just across the 11 Francophone African countries it serves, but throughout Africa; 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,” he said.
UBA operates in 20 African countries and the United Kingdom (UK), the United States of America (USA), France, and the United Arab Emirates, providing retail, commercial and institutional banking services.
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