Nigerian bank UBA looks to expand into three more African countries.

By bne IntelliNews November 11, 2010
United Bank for Africa, Nigeria's fourth-biggest lender by market value, plans to start operations in Democratic Republic of Congo, Republic of Congo and Mozambique before the end of this year, its CEO Phillips Oduoza told Bloomberg. The bank has already secured the licenses and is just in the process of going live in these countries, he said. UBA's branches outside Nigeria will be a part of a holding company it plans to form to comply with the central bank's request that lenders separate their banking and non-banking businesses to allow for better supervision, Oduoza said.

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