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Union Bank, Attijariwafa seal pact to expand African footprint

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Union Bank of Nigeria Plc and Attijariwafa Bank have signed a partnership agreement to support the pan-African development strategy of both financial institutions.

Attijariwafa Bank, a leading multinational commercial bank based in Morocco with over 5,835 branches spread across 26 countries in Africa, Europe, the UK, the Middle East and Asia, will provide access to its commercial teams for Nigeria-based Union Bank customers.

Union Bank and Attijariwafa will develop new joint business opportunities for their respective customers that seek to support the trade finance and investment corridors between Nigeria and all the countries where Attijariwafa operates.

Speaking at the official signing ceremony of the memorandum of understanding (MoU) in Casablanca, Chief Executive Officer of Union Bank Mudassir Amray, said: β€œThis partnership agreement reflects the growth prospects we see for Union Bank as an institution as well as the value-enhancing opportunities we see for our Nigerian customers around Africa and beyond.

Through this partnership with Attijariwafa bank, we can provide support to our corporate customers seeking international growth and vice versa. We intend to accelerate cross-border transactions that will pave the way for long-term success leveraging Attijariwafa bank’s robust banking network in Africa.”