Uba starts full banking operations in mali
UBA (United Bank for Africa) has indeed started full banking operations in Mali. Here's a brief summary of the news:
Date: March 2022
News: United Bank for Africa (UBA) has officially launched its full banking operations in Mali, marking a significant milestone in the bank's expansion strategy in West Africa.
Background: UBA, one of Africa's largest financial institutions, has been present in Mali since 2013, when it acquired a majority stake in Banque Atlantique Mali. The bank has since invested heavily in modernizing its operations and expanding its services to cater to the growing needs of Malian customers.
Key highlights:
- Full banking license: UBA has been granted a full banking license by the Central Bank of Mali, allowing it to offer a comprehensive range of banking services, including corporate banking, retail banking, and investment banking.
- Branch network: UBA has established a network of branches across Mali, with plans to expand to more locations in the coming years.
- Digital banking: The bank has also launched its digital banking platform, allowing customers to access a range of services, including mobile banking, online banking, and mobile payment solutions.
- Job creation: The launch of UBA's full banking operations in Mali is expected to create hundreds of jobs, both directly and indirectly, contributing to the country's economic growth and development.
Quote: "We are thrilled to announce the launch of our full banking operations in Mali, a significant milestone in our expansion strategy in West Africa," said Oliver Alawuba, Group Managing Director, UBA. "We are committed to providing innovative financial solutions to our customers in Mali and contributing to the country's economic growth and development."
Overall, UBA's launch of full banking operations in Mali is a significant development for the bank and the country, and is expected to have a positive impact on the local economy and financial sector.