Nigeria UBA to turn Zambian unit into local bank

LAGOS (Reuters) - Nigeria's United Bank for Africa (UBA) will turn its Zambian operations into a local bank and consider a public issue of shares to meet new capital rules in Africa's top copper producer, a bank official said on Friday. Kayode Fadahunsi said the bank had submitted a proposal to Zambia's central bank on how it intended to recapitalise its unit before the December deadline and ...
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Added July 27, 2012
from Yahoo Nigerian News