UBA America:
UBA America, also known as Africa's Global Bank, is a significant player in the financial services and banking industries with a history dating back to 1982. As the only sub-Saharan African bank holding an operational banking license in the U.S., UBA America is based in New York City, a pivotal global financial center and clearing hub for the U.S. Dollar.
Established initially in 1982 as a representative office in New York, the company obtained a federal banking license in 1984, empowering it to operate as a federal branch. This license affords UBA America the same powers, privileges, duties, and limitations as a U.S. national bank. The company is rigorously examined by two regulatory bodies known for comprehensive oversight: the Central Bank of Nigeria (CBN) and the Office of the Comptroller of the Currency (OCC).
As a branch of UBA Plc based in Lagos, The Federation of Nigeria, UBA America is a vital member of the U.S. Federal Reserve System. UBA Plc stands as one of Africa's leading financial institutions, serving more than 21 million customers across 750 branches in 20 African countries. With operations in New York, London, and Paris, UBA facilitates connections among people and businesses across Africa through retail and corporate banking, innovative cross-border payments, trade finance, and investment banking.
UBA America excels in delivering competitive Treasury, Trade Finance, and Correspondent Banking solutions, leveraging its expert knowledge, capacity, and distinctive position as part of an international banking group with a significant presence in 20 African countries.
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