By Stanley Onyeka, Lagos
UBA Group has announced further expansion into key markets across Africa, while deepening its operations in its existing presence in 20 countries in the continent.
This was unveiled by the Group Managing Director/CEO, Oliver Alawuba, when senior executives recently concluded the Group’s Half Year Business Review held at its global headquarters in Lagos Nigeria, and brought together executives responsible for UBA’s operation across these countries.
The Group, in a statement, said it was an opportunity to restate its pan-African strategy, and commitment to further expanding coverage across high potential markets in Africa.
It explained that the international strategic intent reinforces the Group’s intention to deliver innovative financial solutions to its fast-growing global customer base.
The strategy, it said, demonstrates UBA’s unique position as Africa’s global bank and ability to leverage growth opportunities in emerging and leading African markets.
With over 51.7% of Group revenues from ex Nigerian operations, UBA’s journey to being Africa’s most diversified financial services group was clearly in evidence
The Group commenced its Pan African journey, with its entry into Ghana in 2004, followed by rapid expansion into 18 additional African markets.
Today, as a resilient and future-focused institution, UBA continues to push boundaries by connecting Africa to the world and the world to Africa.
Further strategic expansion positions us to unlock new opportunities, support intra-Africa trade, and deliver world-class banking experiences wherever our clients choose to do business.
Mr Alawuba was said to have highlighted the Group’s expansion plans, disclosing that the Group is excited about the vast opportunities that the new markets present.
This, he noted, is a testament to UBA Group’s confidence in the African economy, providing world-class banking services that meet the continent’s evolving needs.
He was quoted as saying: “UBA’s vision is clear – we are building a truly global institution anchored in Africa but serving customers across continents.
“Further strategic expansion positions us to unlock new opportunities, support intra-Africa trade, and deliver world-class banking experiences wherever our clients choose to do business.
“In Europe, UBA has operations in the United Kingdom and is upgrading its license in France, expanding its capacity to serve cross-border trade, investment flows, and the African diaspora, complementing our over 40-year presence in NY.
“These moves signal a clear message of UBA’s intent to reshape the competitive landscape.”
As part of the Group’s plan to expand its global presence, UBA, in January, announced plans to open operations in Saudi Arabia.
Operating in 20 African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 45 million customers globally.
