The management of the United Bank for Africa (UBA Group) has signed a business cooperation agreement with the French government to commence full banking operations in France.

The Group, in a statement made available to Tribune Online, noted that the landmark business agreement was signed by the Chairman of UBA Group, Tony Elumelu and French Finance Minister, Antoine Arman, in the presence of the President of France, Emmanuel Macron and the Nigerian President, Bola Ahmed Tinubu, who’s on a three-day state visit to France.

The statement explained that the “agreement is a significant indication of support by the French Government for the development of UBA’s full banking operations in France.”

Speaking at the signing ceremony, Tony Elumelu, the Chairman of UBA Group commented:? “This partnership reinforces our commitment to seamless international banking services for our customers, not just across the 11 Francophone African countries we serve, but Africa as a whole; and French and European customers transacting with Africa. Expanding into France is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will join London, New York and Dubai, as a critical component of our unique global network.”

Continuing, the statement described the United Bank for Africa as one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally.

“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 statement added.