In 2025, the United Bank for Africa (UBA) Group intends to expand its operations throughout Africa and open a presence in Saudi Arabia.
This follows the bank’s signing of a historic contract with France for corporate cooperation.
Oliver Alawuba, the Group Managing Director and Chief Executive Officer, made the announcement on Wednesday night in Abuja during a send-off dinner honoring the bank’s departed non-executive directors.
Speaking at the ceremony, Alawuba announced that UBA’s worldwide growth strategy would take a major stride with the creation of new African subsidiaries in addition to its Saudi expansion.
With more than 25,000 employees and more than 45 million clients in 24 countries, he said UBA is dedicated to becoming a sustainable and forward-thinking organisation, Premium Times reported.
The CEO thanked the retirees for their contributions to UBA’s expansion over the years and credited the bank’s success to a team effort.
UBA’s chairperson, Tony Elumelu, also attended the occasion and praised the retirees for their steadfast commitment, which he said played a key role in the bank’s achievements.
TimesNow.com.ng reported that some banks have seen an increase in their digital channels due to online banking choices as their client base becomes more and more accustomed to using digital technologies.
Since digital technology has grown to be a significant factor that has a significant impact on the financial industry, the majority of financial institutions in Nigeria have adjusted accordingly.
A significant portion of Nigerians have steadily shifted from using traditional banking techniques to the simpler self-service choices offered by banks, which involve using computers and cellphones for ease when transacting.
Source: TimesNow.com.ng
