Tag: Subsidiary

Diamond Bank to conclude sale of UK subsidiary before year end – Official

Aug 8, 2018

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by

Olaotan Falade

in Business News, Nigeria

The Managing Director/Chief Executive Officer (CEO) of Diamond Bank Plc, Mr Uzoma Dozie, has disclosed that the bank will conclude the sale of its subsidiary in the United Kingdom before the end of this year. According to the bank chief, the exercise is still under the change of ownership process. Recall that earlier this year,…
UBA expands presence in London as Regulatory Authorities Grants Wholesale Banking Licence to UK Subsidiary

Mar 28, 2018

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by

Olaotan Falade

in Business News, Nigeria

United Bank for Africa (UBA PLC), Africa’s global bank, announced today that its London subsidiary has obtained regulatory permission to carry out Wholesale Banking activities in the UK. Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and London, as well as in 20 other countries…