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COUNTRY FOCUS
sector, competing with banks that were about 50 years older.
In September 2013 UBA Chad financed the Glencore deal to the tune of 17 000 000USD of the solicited 50 000 000 USD. This investment was strategic to the Chadian government at the time as oil and gas constituted the backbone of the econo- my. UBA has supported several projects in Chad including the Warsila Power plant,
a 60 Mega Watt plant. UBA contributed $18.5million and led the syndication that raised $80 million for the project resulting in an improvement in the access to electrici- ty in Chad by 3.9%.
UBA’s impact in the Chadian banking sector cannot be over emphasized with the revolu- tion it has brought in banking services.
The bank is reputed as the most digital
bank in Chad. The bank has been the first to launch a number of ground breaking, innovative services - first of its kind in Chad - with the introduction of the magic bank- ing Code *919# and the virtual banker ‘Leo’. UBA is also the first bank to introduce Visa Prepaid cards and the second bank to introduce Master and Visa debit cards in Chad.
The bank’s efforts at providing diversified banking services tailored to the needs of its customers have led to the receipt of several prestigious awards and recogni- tions such as The Bankers award for three years consecutively - 2015, 2016 and 2017; the award for Excellent Customer Service by the Embassy of the United Arab Emir- ates in Chad; Certificate of recognition by the most widely read newspaper in Chad, Le Progrès newspaper, as well as other positive mentions.
UBA’s branch network* in Chad
AVENUE CHARLES DE GAULLE
- CDG Business Office
AVENUE CHARLES DE GAULLE
– Zongo Business Office
AVENUE MALDOM BADA ABBAS
– El-Nimery Business Office
AVENUE TAIWAN
- Ndjari Business Office
AVENUE JACQUES NADINGAR
- Gassi Business Office
AVENUE MANDELA
- Farcha Business Office
AVENUE NGARTA TOMBALBAYE
- Moundou Business Office
*UBA Chad plans to further develop its branch network across the country, as part of its expansion drive.
38 | The Lion King | Commemorative Edition | January - April 2019