FITCHRATINGS 27 July 2018


FitchRatings has affirmed U.B.A.F. Long-term IDR, short term IDR and support rating on 27 July 2018.
Union de Banques Arabes et Françaises – U.B.A.F. :
Long-term IDR: affirmed at “A-” ; Outlook stable
Short-term IDR: affirmed at “F1”
Support Rating: affirmed at “1”
Viability Rating: affirmed at “bb”

About Us


Summary


OVERVIEW

Crédit Agricole CIB (CA-CIB) is the major shareholder of U.B.A.F. with 47.01% and is the « reference » shareholder vis-à-vis the French “Autorité de Contrôle Prudentiel et de Résolution (ACPR)”.

U.B.A.F. benefits from a solid international network:

  • In Asia since the 1970’s: Japan, Singapore, South Korea and Bangladesh,
  • In the Arab world: Algiers, Cairo and Dubai.
  • For 45 years U.B.A.F. has been providing leading experience in the sphere of international trade financing.

    Its expertise is recognized in the field of Trade Finance, Energy and Soft Commodities.


    MISSION

    Established in 1970, U.B.A.F.’s mission is to accompany and securitize international trade flows between Europe, Asia and the Arab world.

    The strategic support of U.B.A.F. shareholders, comprising banks and financial institutions from 19 countries in the Arab world and Crédit Agricole CIB in France, has allowed it to develop trade finance activities in the Middle East, Africa, Asia and the Indian subcontinent.

    Operating both from its head office in Paris and its network in the Arab world (Algiers, Dubai, Cairo) and in Asia (Seoul, Singapore, Tokyo, Dhaka), U.B.A.F. has become a key player in trade finance between Europe, Asia and the Arab world.

    The increase in international trade flows with Africa constitutes a new line of development of U.B.A.F.’s trade finance activity. Thanks to its sales organization that is segmented by industry and by region, U.B.A.F. effectively supports its customers in developing their business in this area.

    In 2014 U.B.A.F. began a major restructuring of its organization and redefined its business strategy.

    This strategy, applied over a medium term plan of three years, ensures compliance with the standards of our reference shareholder, Crédit Agricole CIB, and resolutely refocuses the bank on its historical core business, Trade Finance.


    VALUES

    • Partnership – we build long-lasting relationships with our counterparts.
    • Perfection – we seek to outperform the quality of our services.
    • Performance – we maintain prime quality systems and wise risk management (transparency and corporate governance) by applying Credit Agricole Group standards.
    • People – cultural diversity and a strong team sprit characterize us.

    U.B.A.F. SPONSORSHIP

    U.B.A.F. is sponsor of the Arab World Institute (French Institut du mode arabe – IMA)