Pan-African organisation United Bank for Africa has set up branches in the Democratic Republic of Congo.
The new offices are named UBA Congo DRC and two branches have been opened in Congo’s capital Kinshasa.
Cisse Morissouali is heading up the new venture as chief executive officer of UBA Congo DRC and will be joined by Agbanobi Lawrence as country chief operating officer.
The bank will support multinational and local corporates in cross-border trade and financial transactions.
“UBA Congo DRC will make significant contribution to the development of banking and the economy in Congo DRC, leveraging on our group financial strength, expertise and deep knowledge of the continent,” says Kennedy Uzoka, executive director of the banking group.
The new offices mean that United Bank now has a presence in 18 African countries, including Chad, Cameroon and Gabon.