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.
In line with the Crédit Agricole Group's rating, which is now rated A+ Stable, this upgrade enables UBAF to position itself even more favorably with institutional depositors at a time when the financing of our commercial activities is growing strongly and should continue to do so in 2022.
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.
To watch the video, click here.
Video produced by Eo Production.
In relation to the facility for guarantees previously granted to SAIPEM, UBAF informs it has issued a Performance bond on behalf of its client, with regards to the Saint Brieuc Offshore Wind Farm Project awarded to SAIPEM on July 2020.
Beyond regulatory prescriptions, ethics is more and more becoming an inescapable necessity in the management of business flows that bind UBAF to its customers and service providers.
• 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.
Operating from both its Paris-based head office and its network in the Arab world and Asia, UBAF is a major player in trade financing between Europe, Asia, Africa and the Arab world.
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