Union Bank of Nigeria Plc and Attijariwafa Bank have signed a partnership agreement to support the Pan African development strategy of both financial institutions.
Union Bank said it is looking to expand its reach beyond Nigeria through this commercial partnership with Attijariwafa Bank.
Union Bank and Attijariwafa bank 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 bank operates.
Speaking at the official signing ceremony of the Memorandum of Understanding (MoU) in Casablanca, chief executive officer of Union Bank, Mr. Mudassir Amray, said, “this 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.”
He stated that, “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.”
Speaking on the partnership, general manager in charge of International Retail Banking and Specialised Finance Subsidiaries at Attijariwafa bank, Mr. Ismail Douiri said: “as leading banks in our respective markets, Union Bank and Attijariwafa bank Group commit to supporting the development of African economies through making intraAfrican trade and investment easier and promoting inclusive and sustainable development.
“This partnership is built on the complementarity in geographic footprints and expertise of both institutions.”
Delegate general manager – Corporate & Investment Banking, Mr. Youssef Rouissi added, “this partnership will provide ground support to Nigerian investors in our countries of presence, and reciprocally open new doors and opportunities in Nigeria for investors and operators based in Morocco and all our countries of presence in Africa, with local support from Union Bank.”
Since its origins, Attijariwafa Bank has undertaken a mission to support the economic development of Morocco and the African continent and to serve its customers and society at large. This purpose has continuously been reinforced since its creation in 1904.
