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Oct 23rd
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UNITED Bank for Africa opens office in Congo DCR

UNITED Bank for Africa (UBA) has expanded its international operations by opening an office in the Democratic Republic of Congo (DCR).

UBA Congo DRC, as it is called, opened its doors to the public on January 24, 2011, following approvals by the Central Bank of Democratic Republic of Congo (DCR) and other regulatory agencies in Nigeria and DRC. This brings to three, the number of countries with UBA’s presence in the Central Africa region having previously opened in Cameroun and Gabon.

UBA Congo DRC will initially roll out in two branch locations, both in the capital city of Kinshasa, with the headquarter situated at 144B Boulevard du 30 juin, Kinshasa/Gombe DRC and annoter business office in 1853 Avenue de la liberation, Kinshasa/Gombe.

Commenting on the bank’s new subsidiary, Mr. Rasheed Olaoluwa, CEO, UBA Africa, said the bank would provide comprehensive financial services solutions to the people and leverage on the group’s presence in East and South Africa countries with common borders, to support multinational and local corporates in cross border trade and financial transactions.

UBA has also announced the appointment of Mr. Cisse Morissouali, as CEO UBA Congo DRC, and Mr. Agbanobi Lawrence as Country Chief Operating Officer (COO). Both, very well experienced bankers have been on ground in Kinshasa to supervise the rollout and ensure a smooth takeoff of banking operations in the country.

According to Mr. Kennedy Uzoka, an Executive Director at the group, “UBA Congo DRC like all our other subsidiaries on the continent, will make significant contribution to the development of banking and the economy in Congo DRC, leveraging on our group financial strength, expertise and deep knowledge of the continent.”

United Bank for Africa Plc is one of Africa’s leading financial institutions offering universal banking to more than seven million customer accounts across Africa and key financial centres. It currently operates in 18 African countries with presence in New York, London and Paris as well.
 
 

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