Nigeria’s Pan African bank UBA expands to Mali

Date:

BAMAKO, Jan 31 – Nigeria’s pan-African bank United Bank for Africa (UBA) will open a new branch in Mali on Feb. 4, expanding in a region where it already operates in a dozen countries.

Thank you for reading this post, don't forget to subscribe!

“Mali is a large market with a low (bank) account penetration rate,” Maimouna El Oumrany, spokeswoman for UBA’s Malian subsidiary, said by telephone. “We’re hoping to do better than the 13 banks already established in the country.”

El Oumrany said UBA’s strategy in Mali, a landlocked country on the edge of the Sahara, was focused on digital products that clients could access from their smartphones.

UBA, one of Nigeria’s largest banks with more than 700 branches, has subsidiaries across Africa in countries such as Ghana and Ivory Coast in the west, Kenya and Uganda in the east and Mozambique and Zambia in the south. It also has offices in London, Paris and New York.

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading