Africa-Press – Liberia. The Senior Executives and Management of United Bank for Africa (UBA) have concluded the Group’s Half Year Business Review, outlining and announcing a strategic expansion plan into key markets across Africa.
The Executive meeting, chaired by Oliver Alawuba, Group Managing Director and Chief Executive Officer, was held at UBA’s global headquarters in Lagos, Nigeria, bringing together executives responsible for its operations across twenty-four countries.
Speaking during the meeting, Mr Alawuba highlighted the Group’s expansion plans, disclosing that the Group is excited about the vast opportunities that the new markets present, describing it 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 further said.
As part of the Group’s plan to expand its global presence, UBA announced plans in January to open operations in Saudi Arabia. Operating in twenty 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.
The United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees across the group and serving over 45 million customers globally.
The gathering provided an opportunity to reaffirm the Group’s pan-African strategy and commitment to further expanding its coverage across high-potential markets in Africa, while also deepening its operations in its existing twenty African market presence. 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 international strategic intent aligns with the Group’s intention to deliver innovative financial solutions to its fast-growing global customer base. The strategy highlights UBA’s distinctive position as Africa’s leading global bank and its capacity to capitalize on growth opportunities in both emerging and established African markets.
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.
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