Attijariwafa bank signs an agreement in Nigeria

Union Bank (Nigeria) and the Attijariwafa banking group have signed a partnership agreement to support the pan-African development strategy of the two financial institutions.

Attijariwafa bank, a leading multinational commercial bank headquartered in Morocco with over 5,835 branches in 26 countries around the world, including Africa, Europe, the UK, the Middle East and Asia, will offer Nigeria-based Union Bank clients access to its systems in the countries of presence and vice versa. Union Bank, one of Nigeria’s oldest financial institutions, is looking to expand its reach beyond its borders through this business partnership with the Attijariwafa banking group.

Union Bank and the Attijariwafa banking group will develop new joint business opportunities, for the benefit of their respective customers, aimed at supporting the trade and investment finance corridors between Nigeria and all countries where the Attijariwafa banking group is present.

Speaking at the official ceremony, Mudassir Amray, Chief Executive Officer of Union Bank, said: “This partnership agreement reflects the growth prospects we plan for Union Bank as an institution, as well as the value creation opportunities we offer our Nigerian clients in Africa. and beyond. Through this partnership with the Attijariwafa banking group, we can provide greater support to client companies seeking international growth and vice versa. We intend to accelerate cross-border transactions that will pave the way for long-term success by leveraging the strong banking network of the Attijariwafa bank in Africa. “

Also commenting on this partnership, Ismail Douiri, Deputy General Manager in charge of International Retail Banking and Specialized Financing Subsidiaries at Attijariwafa bank, stated that “as reference banks in our respective markets, Union Bank and the Attijariwafa banking group are committed to supporting the growth of African economies by supporting intra-African trade and investment and promoting sustainable and inclusive development “, thus underlining that” this partnership is based on geographies of complementarity and competences of each of the institutions “.

In turn, Youssef Rouissi, Deputy Managing Director responsible for the Corporate & Investment Banking division, recalled that “this partnership will allow us to provide support in the field to Nigerian investors in our countries of presence, and to open up new opportunities in Nigeria for investors and operators in Morocco and in all African countries where the Attijariwafa banking group is present, thanks to the local support of Union Bank. “

About Union Bank Plc.
Founded in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is one of the most respected Nigerian financial institutions in the country. The Bank is a trusted brand and boasts an extensive network of over 275 branches across Nigeria.
The Bank currently offers a variety of retail and corporate banking services, including checking accounts, savings and deposits, fund transfers, foreign exchange domiciliation, loans, overdrafts, equipment leasing and commercial finance. The Bank also offers its customers convenient electronic banking channels and products, including online banking, mobile banking, debit cards, ATMs and payment terminals.

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