Afreximbank Lends $40 Million to Nigeria’s Fidelity Bank for UK Acquisition

• Afreximbank funds $40 million loan in two instalments to acquire and recapitalise Union Bank UK
• Move aims to bolster Africa-focused banking services and enhance financial integration

Abuja, Nigeria – The African Export-Import Bank (Afreximbank) has announced a $40 million loan to Fidelity Bank Nigeria, to support its acquisition of Union Bank UK, as part of its international expansion programme.