14 October 2009
In continuation of its expansion drive, United Bank for Africa Plc has commenced operation in Kenya, the East Africa largest economy. The bank last Wednesday, October 7, 2009 opened its doors formally to customers in the country, having met all operational requirements of the country's apex financial regulatory body.
UBA Kenya Limited brings to twelve the number of African countries where the bank commonly referred to as "Africa's global bank" has commenced full scale banking operations. These countries include, Ghana, Uganda, Cameroon, Cote d' Ivory, Liberia, Sierra Leone, Senegal, Burkina Faso, Chad and Benin Republic. In addition, UBA has operational brand presence in seven other countries, including, Tanzania, Zamambia, Gabon, Mali, Guinea, Conakry, Congo Brazzaville and Democratic Republic of Congo (DRC), bringing it to total presence of 19.
Given that Kenya is the hub for East African business, "UBA Kenya will greatly facilitate trade within the East African region and generally across the continent, taking advantage of the growing presence of the bank in Africa and key financial centres of the world", said Martin Anyanwu, Group Director, Marketing and Corporate Relations.
Managing Director UBA Kenya, Mr. Manza Denga said UBA Kenya currently operates from two branches located on Enterprise Road at the Industrial Area and Westland's branch located on the Ground floor of the Apollo Centre, in Westland's Ring Road. "Whilst an additional branch is close to completion on the ground floor of NHIF building, RegatiRoad, we have already commenced our search for suitable premises in major towns outside Nairobi, the capital city, in a bid to open more outlets" he said.
On products and services offerings, Denga said the UBA limited Kenya would offer full range of Corporate and Consumer products, with superior service in a timely and courteous manner to Kenyans. According to him "we understand their unique needs and intend to adequately provide customized products and services to address these needs. We are poised to bring comprehensive world-class financial services to the Kenyan market and make positive contributions to the country's .economy".
Liability products and trade financial services are currently on offer, while e-products, money transfer services, card and asset products will be rolled out and available to customers soon.
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