The United Bank for Africa (UBA) has expanded its operations to the United Arab Emirates with the vision of connecting Africa with The Gulf region.
Group chairman Tony Elumelu, joined by the bank’s group managing director/CEO Kennedy Uzoka and the chief executive officer, Dubai International Financial Centre (DIFC) Authority, Arif Amiri, launched UBA Dubai on July 14.
Also in attendance were the board of directors, executive management, CEO of UBA Dubai Vikrant Bhansali and other guests.
“We have been looking forward to this day as it is the first time we will have presence in this part of the world. We know that our international expansion is incomplete if we are not present in the gulf,” Mr Elumelu said.
Below are six key facts about UBA Dubai:
1. The bank serves only corporate organisations and financial institutions.
2. UBA Dubai’s core focus areas for its clients (corporates and financial institutions) are correspondent banking, relationship management, and corporate advisory services.
3. The bank is your trusted international banking partner.
4. UBA Dubai is situated in the Emirates Financial Towers in the Dubai International Financial Centre (DIFC) which is a world-class wholesale banking jurisdiction.
5. UBA Dubai – DIFC Branch is regulated by the Dubai Financial Services Authority (DFSA).
6. CEO of UBA Dubai Vikrant Bhansali has over 25 years of banking experience working in Sub-Saharan Africa, United Kingdom, MENA and India. Mr Bhansali has a bachelor of law degree. He is a consultant for IFC (World Bank Group) and serves on other boards as an independent non-executive director.
