To consolidate on its pan-African strategy and commitment to further expand its coverage across high potential markets as well as deepen its operations in its existing 20 African markets, the UBA Group has unveiled its strategic expansion roadmap to key markets in the continent.
The unveiling was done as part of the Group’s senior executives’ recent Half Year Business Review at the global headquarters of the Bank in Lagos.
The Group Managing Director/CEO of UBA, Oliver Alawuba, said the exercise brought together executives responsible for UBA’s 24 countries of operation.
With over 51.7% of Group revenues from the Nigerian operations, Alawuba said UBA’s journey to being Africa’s most diversified financial services group was clearly in evidence.
He said the international strategic intent reinforces the Group’s intention to deliver innovative financial solutions to its fast-growing global customer base across Africa and beyond.
The strategy, he noted, demonstrates UBA’s unique position as Africa’s global bank and ability to leverage growth opportunities in emerging and leading African markets.
He said the Group commenced its pan-African journey with its entry into Ghana in 2004, followed by rapid expansion into 18 additional African markets a few years later.
“Today, as a resilient and future-focused institution, UBA continues to push boundaries by connecting Africa to the world and the world to Africa,” he said.
Mr Alawuba highlighted the Group’s expansion plans, disclosing that the Group was excited about the vast opportunities the new markets present, as a testament to UBA Group’s confidence in the African economy, providing world-class banking services that meet the continent’s evolving needs.
“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,” Alawuba said.
“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”, Alawuba added.
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 said it 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,” Alawuba said.
