UBA Kenya plans to double its branch network in the country to 10 by the end of 2023.
“Before the end of next year, we hope to increase by five more branches. Last year we took a strategic decision to reach out to cities outside Nairobi,” Chike Isiuwe, an executive at the bank’s parent firm UBA Group, said while addressing the Mombasa business community, as quoted by the Business Daily.
The bank is a United Bank for Africa Plc subsidiary, a Nigerian pan-African financial services group headquartered in Lagos. Its head office in Kenya is located on the ground floor of Imperial Court in Westlands, Nairobi.
UBA Group previously owned 99 per cent of the Kenyan subsidiary, but its stake has dropped to 81 per cent with the entry of minority investors.
UBA has subsidiaries in 19 countries. They are: UBA Ghana; UBA Cameroon SA; UBA Cote d’ivoire; UBA Liberia, UBA Uganda; UBA Burkina Faso; UBA Chad SA; UBA Senegal SA; UBA Benin; UBA Kenya; UBA Tanzania; UBA Gabon; UBA Guinea; UBA Sierra Leone; UBA Mozambique; UBA Congo DRC; and UBA Congo Brazzaville.
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