United Bank for Africa (UBA) Plc has emerged winner of the 2010 “Best Trade Finance Bank in Nigeria in recognition for its role in facilitating trade in Nigeria and on the African continent.
The award which was announced last Friday” by Euromoney International; the leading global investment and trade finance magazine, would be presented to the bank at a ceremony scheduled to hold on Wednesday, June 29, 2011 at Parklane Hotel London.
According to the awards committee, UBA Plc emerged the winner of this award through a highly competitive voting process by global industry leaders in recognition of its leadership role in facilitating International Trade in Nigeria . “UBA has continuously leveraged its African footprints, knowledge and appetite to originate trade mandates from corporate and financial institutions across its presence and non presence countries, including leveraging on its trade finance and processing capacities in Lagos , New York and London ” a statement on the magazine’s website said.
UBA, in recognition of the evolving development of Africa, plays a visible intermediation role in the formal and informal trade sectors including Intra – Africa Trade which it drives using various products such as Afritrade, Africash and AfriCard; Import Finance vis-à-vis LC issuance, advisory, confirmation and discounting; Pre and post shipment finance; Commodity Export Finance; Trade loan syndication and Risk participation;.
United Bank for Africa (UBA) is a leading Pan African Bank with presence in 19 African countries, New York , London and Paris . Headquartered in Lagos , Nigeria ; UBA provides universal banking services to over 8 million customers across Africa.