Zenith Bank Plc, one of Nigeria’s leading banks, expanded into France by opening a new branch in Paris on November 27. Zenith’s UK subsidiary, Zenith Bank (UK), manages the Third-Country Branch (TCB).
Several dignitaries attended the official opening at 21 Rue de la Paix, Paris, including Nigeria’s Minister of Finance, Mr. Wale Edun, and the bank’s founder, Jim Ovia.
In her welcome address, Group Managing Director/CEO Dame (Dr.) Adaora Umeoji said the decision to have a presence in France is a “strategic move” since trade with Nigeria now “accounts for 20% of France’s trade with sub-Saharan Africa.”
“The Paris branch is part of our strategy to extend our footprint in major global financial centres” she said.
Official Commissioning of Zenith Bank in France. 🇫🇷 pic.twitter.com/B0lpWzdUyQ
— Chudé (@chude__) November 29, 2024
In his brief remark, Mr Wale Edun said, “Today’s event shows the trust in Nigerian institutions. Zenith’s presence will help build trust with the French business community.” Africa’s business tycoon, Aliko Dangote, also congratulated the bank, saying, “Without banks like Zenith, we wouldn’t be where we are today.”
Bertrand Dumont, Director General of France’s Treasury, commented, “This is crucial for doing business between our countries.” Mr Aigboje Aig-Imoukhuede, Chairman of the France-Nigeria Business Council, remarked, “Such partnership speaks to the endeavour we drive. On behalf of the French people, I say to Zenith – Bonne Arrivée!”
The opening of Zenith Bank in Paris adds another feather to Nigeria’s industry and enterprise. Many Nigerian companies are now establishing a global presence and integrating Nigeria into the global economic chain.
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