The group managing director and chief executive of United Bank for Africa (UBA), Oliver Alawuba, has said the United States of America branch of the bank will continue to play a pivotal role in breaking financial barriers to businesses across the globe.
Speaking on the commemoration of the 40 years of existence of the branch, UBA America, Alawuba noted that the celebration is monumental especially as it coincides with the 75th anniversary of the UBA Brand.
Noting that the bank has been resolute in its commitment to adhere to the principles of sound corporate governance in the United States, he said it will continue to break barriers in the provision of innovative financial solutions to its clients across the globe.
He said, “The success story of UBA since coming into existence 75 years ago, is a testament to vision and sheer determination that deserves commendation, and UBA America at 40 is not just a celebration of longevity, but also a reflection of the bank’s significant contributions to the financial industry and the communities we serve.
“UBA’s vision has always been to create value, promote growth, and foster a strong and resilient financial ecosystem and, UBA America exemplifies this vision. We are proud of what has been achieved over the past four decades and are confident that UBA America will continue to play a crucial role in our global strategy,” he noted.
Reflecting on the journey so far, the chief executive officer of UBA America and group executive director for International Banking, Sola Yomi-Ajayi, said, “Celebrating 40 years of UBA America is a testament to our resilience, adaptability, and commitment to Africa. UBA is not just about banking, we are committed to ensuring the sustainability of the African continent through the promotion of financial inclusion, forging strong partnerships on the continent while also providing access to the global financial markets.
“We have continuously evolved to meet the changing needs of the financial landscape, and we remain dedicated to providing exceptional service and innovative solutions that empower our clients to achieve their financial goals. As we look to the future, we are excited about the opportunities ahead and the continued growth of UBA America.”
Following its establishment in 1982, as a representative office in New York, the bank was granted a federal banking licence to operate as a federal branch in 1984, having met all the conditions to begin full operations. A pivotal player in the banking industry, UBA America not only facilitated seamless financial transactions but has also championed initiatives that promote mutual growth and understanding.