U.B.A.F. Silver Sponsor of the African Refiners Association – ARA


U.B.A.F., represented by the Energy & Commodities Department, participated in the ARA Week conference held in South Africa - Cape Town from 12 to 16 March 2018. More than 60 sponsors attended this event among which trading companies, petroleum equipment companies and only 5 banks (ING, SG, Natixis, NedBank and U.B.A.F.).


About ARA
It was created in 2006 to represent the African downstream oil stakeholders.

ARA members bring together various companies that deal with the refining and distribution of petroleum products in Africa (from Egypt to South Africa).

To achieve this, ARA cooperates with governments, regulatory bodies and the relevant downstream industry groups. It recommends the implementation - step by step - of stronger regulations aiming at improving air quality and creating a positive external impact for African States.



During the  2018 Conference called "Moving Forwards…"  the main following topics have been addressed:

- Africa's future facing the sharp increase in population and energy needs

- Improvement of fuel quality and cost of changes

- Focus on refining in Africa

- Environmental issues.



U.B.A.F and ARA
U.B.A.F. has chosen to sponsor ARA for a better understanding of the African issues, particularly in terms of energy needs, but also to develop relationships with new traders.

Indeed, in the coming years given the growth of the population (which should double by 2050) the demand for petroleum products will increase in Africa, thus encouraging traders to be more committted on this continent and to seek more complex financing transactions.

The conference largely met our expectations and allowed us to meet new prospects (specialized trading companies in Africa) and to introduce our institution to African downstream players (notably the Nigerian National Petroleum Corporation, Nigeria being the largest producer of crude oil on this continent).

While few banks were present, U.B.A.F. has proved it is a key player in the field of trade finance.

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)