Your Africa Trade Partner
With the start of AfCFTA (African Continental Free Trade Area), UBA is positioned to support global trade.
Facilitating Global Trade
International Trade is an ever-evolving business and we understand the complexities of the global market. Our products and services have been designed to ease your banking needs at any of our locations in 20 African countries, the UK, France, and the USA.
Trade with Ease
Letters of Credit/Collections
A letter of credit (LC) is an agreement that is irrevocable and thereby constitutes a definite undertaking of an issuing bank to honour payments requested by customers to exporters.
A bank guarantee is an assurance that a bank provides to a contract between two external parties, a buyer and a seller, or in relation to the guarantee. It acts as security for tender, performance and execution of payment contracts.
Invoice discounting is an invoice finance facility when a company’s unpaid accounts receivable is used as collateral for a loan. Invoice discounting companies enable businesses to leverage the value of their sales ledger.
There is no limit for Letters of credit
Letters of Credit are opened for all goods provided they are not listed under the import prohibition list published by regulatory authorities
Yes, all goods for export (oil and non-oil) are subject to inspection