On November 17, UBAF attended the Partners and Companies Day organised by the Franco-Arab Chamber of Commerce at the Maison des Polytechniciens.
This was an ideal opportunity for UBAF to present and promote its main activity, Trade Finance, and its 51 years of expertise, to 70 participants: companies (Veolia, Transdev, Anteagroup, Merlin Group, Aqualter, Business France, etc.) and representatives of embassies and institutional partners.
The Board of Directors met on May 28 and has nominated Mr. Tarek Amer (Governor of the CBE since 2015 and former Permanent Representative of the CBE at the Board of UBAF in 2016) as the new President of UBAF.
Mr. El Okdah, former Governor of the Central Bank of Egypt (CBE), served as Chairman of UBAF for 14 years and resigned at his own request.
• UBAF will now be able to collect deposits from a new market without having to set up a branch network
• The partnership demonstrates the interest of French banks in Deposit Solutions’ offer
HAMBURG | PARIS, 11 March 2020 – Deposit Solutions, the leading international Open Banking platform for deposits, and UBAF (Union de Banques Arabes et Françaises), a leading player in financing international trade between Europe, Asia and the Arab world, have concluded a partnership in the field of retail deposits.
Founded in 1970 with a stable ownership structure, UBAF is held by Banks and Institutions from 19 countries in Arab World (52,99 %) and Crédit Agricole Corporate & Investment Bank (47,01 %). With its customized services dedicated to the financing of international trade, it supports his clients in all Trade Finance services and secure their international flows.