UBA loses N50m in Cote d’Ivoire
United Bank for
Africa (UBA) said on Thursday it was making a provision of 50 million
naira for monthly losses in Cote d’Ivoire but planned to start resuming
operations there from May 2.
Foreign banks including UBA suspended operations in Cote d’Ivoire
earlier this year due to a bloody power struggle that ended with the
arrest on Monday of Laurent Gbagbo, who refused to step down after
losing a November election.
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