UBA expands presence in Africa and begins operations in Mali

Company News of Thursday, February 7, 2019

Source: Mavis Awuku

2019-02-07

The pan-African financial institution, the United Bank for Africa (UBA) Plc, began on Monday full banking operations in Mali, broadening its footprint and responding to the desire to strengthen bank penetration by Africa. The launch of UBA Mali brings to 20 the number of African countries in which the group is currently present, with global operations in the United States, the United Kingdom and France.

The launch of the bank's latest addition to Mali was prompted by his Excellency the President of the Republic of Mali, Mr. Ibrahim Aboubacar Keita, who delivered an unprecedented speech at the opening ceremony. "Tony promised and he did," said the president, referring to the chairman of the UBA group, Mr. Tony Elumelu, on the promise made several years ago to bring UBA in Mali.

The Malian president congratulated the UBA group for its vision of extending the bank's footprint in Mali. He praised the tenacity and commitment of UBA and its group president to the development of the continent, calling on African financial institutions to follow the development philosophy of the bank and its president in the area of ​​development. infrastructure, strengthening financial inclusion and catalysts for the eradication of poverty in Africa.

In his response, while welcoming the dignitaries and all stakeholders at the launch, Mr. Elumelu affirmed UBA's principles and sustainable development philosophy. "UBA is the African World Bank, a leading pan-African brand committed to the democratization of the banking sector on the continent. We are progressive partners of African companies, institutions and governments, while helping to meet the financial aspirations of individual clients. Our train has finally arrived in Mali. We are here for mutual progress; we are here for shared prosperity. " Elumelu noted.

Mr. Kennedy Uzoka, General Manager of the group, UBA Plc, expressed his enthusiasm for the group's activities in Mali, stating, "We are in Mali to offer world-clbad financial services that will exceed the expectations of our customers. I badure you that UBA is on the verge of providing excellent services to the entire Malian population, he said.

Alhbadane Sissoko, CEO of UBA Mali, told his clients that the Bank was optimistic about the competitiveness of its franchise in Mali, which had strong potential for accelerated market share gains in the short and medium term. He rebadured private and public sector stakeholders about the good things to come. "The advent of UBA in Mali marks a turning point in the history of the Malian banking sector with new opportunities for businesses and individuals. We will always have in mind the progress of Sissoko, our customers.

The event ended when President Keita wished UBA to open the doors of the new bank in Mali: "I wish UBA Mali a very good banking life and that its entry into Mali will further widen our banking sector ".

Also present at the launch were the Prime Minister of Mali, Mr. Soumeilou Boubeye Maiga; the Mayor of Bamako, Mr. Adama Sangare; the Minister of Economy and Finance, Dr Boubou Cissé; the Minister of the Digital Economy and Communications, Mr. Harouna Touré and many other dignitaries.

United Bank for Africa Plc is a leading pan-African financial services group, present in 20 African countries, as well as in the United Kingdom and the United States of America and present in France. UBA was incorporated in Nigeria as a limited liability company after taking over the badets of the UK and French Bank Bank Limited, established in Nigeria since 1949.

United Bank for Africa merged with Standard Trust Bank in 2005 and from a single country operation founded in 1949 in Nigeria – the largest economy in Africa – UBA became the largest bank in the world. 39, a leading provider of banking and other financial services on the African continent. The Bank provides services to more than 15 million customers worldwide, through one of the most diversified service channels in sub-Saharan Africa, with more than 1,000 branches, customer touch points and cloud computing platforms. Online banking and rugged mobile.