July - September 2017 •
The Lion King
• 13
Business
UBANY is a member of the U.S. Federal
Reserve System. The bank has direct
U.S. Dollar clearing capabilities with
finality of settlement. It has a long
and established history of man-
aging various accounts for Foreign
Correspondent Banks (FCB’s). Over
the years, the bank has consistently
shown and proven its capability to
meet the high standards of FCB’s.
The bank’s experienced multi-cultural
staff with international experience and
exposure to global banking standards
and practices, combined with its U.S.
experience and its deep understand-
ing of the African continent and how
value can be unlocked, makes it the
ideal partner.
BUSINESS SEGMENTS
UBANY’s business is focused on four
primary segments which are: Central
Banks and Sovereigns; Foreign
Correspondent Banking; Corporate
Banking; and Donor Organizations.
Central Banks and Sovereigns:
This
includes relationships with government
and public institutions/enterprises as
well as other African central banks
accounts, including the Central Bank
of Nigeria.
Foreign Correspondent Banking:
This
segment manages business develop-
ment activities and dealings with other
licensed banks and financial institu-
tions. All trade finance and related
activities fall under this segment.
Corporate Banking:
This segment man-
ages relationships with all corporate
entities other than foreign correspon-
dent banks.
Donor Organizations:
These include
the various governmental and non-
governmental organizations that pro-
vide aid and development assistance
and funds to Africa.
UBANY offers Demand & Term Deposit
Accounts; Domestic & International
Payments; Overdraft Facilities; Bilateral
Loans; Letters of Credit (Issuance,
Advising,
Confirmation);
Trade
Loans; Export Credit Agency (ECA)
backed financing; Foreign Exchange/
Treasury & Cash Management
Services to Embassies, Multilaterals &
Development Organizations (EMDOs).
UBANY has a proven track record
of providing excellent service to its
customers. The Bank presently man-
ages foreign correspondent banking
(FCB) relationships in 7 African coun-
tries and plans to extend coverage
to 19 by the end of 2017. UBANY also
maintains relationships with several of
the global financial institutions in the
United States, Europe and Asia, and
leverages the same to provide global
coverage and service to its customer
population. The bank has earned the
trust and confidence of discerning
customers which include: The Central
Bank of Nigeria; The United Nations
and its agencies; The World Bank;
African Development Bank and sev-
eral other financial institutions.
Photo Credit: ‘Gboyega Ade-Festus
Photo Credit: ‘Gboyega Ade-Festus
