The United Bank for Africa (UBA) has signed a business cooperation agreement with the French Finance Minister, Antoine Armand, to commence full banking operations in France.
The group disclosed this in a statement late Thursday.
The Chairman of UBA Group, Tony Elumelu, signed the deal in the presence of President Bola Tinubu and the President of France, Emmanuel Macron.
Dateline Nigeria reports that Tinubu is currently in France for a three-day state visit.
Speaking at the signing ceremony, Elumelu said, “This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole 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.”
With this development, UBA has joined tier-1 banks in Nigeria, running with a banking presence in France.
