Unity Bank plc

Last updated
Unity Bank plc
Company type Public: NSE: UNITYBNK
Industry Financial services
Founded2006
Headquarters Victoria Island, Lagos, Nigeria
Key people
Thomas Ethuh
Chairman
Tomi Somefun
Managing Director
Products Loans, Credit Cards, Savings, Investments, Mortgages
RevenueIncrease2.svgAftertax:US$38.7 million (NGN:6.2 billion) (2012)
Total assets US$2.45 billion (NGN:396 billion) (2012)
Number of employees
2,072 (2012) [1]
Website Homepage

Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria. [2]

Contents

Overview

Unity Bank is a mid sized financial services provider in Nigeria. Headquartered in Lagos, Nigeria's commercial capital. Unity Bank also maintains an operations base in Abuja, Nigeria's capital. [3] As of December 2012, the bank's total assets were valued at about US$2.45 billion (NGN:396 billion), with shareholders' equity of approximately US$322 million (NGN:51.5 billion). [4]

History

In January 2006, nine financial institutions with expertise in corporate banking, retail banking, as well as investment banking, came together to form Unity Bank plc. [5] In 2024, The Central Bank of Nigeria approved the merger of Unity Bank with Providus Bank. [6] [7]

Unity Bank Group

Unity Bank plc, is the flagship institution of the Unity Bank Group. Other members of the financial services group include the following: [8]

NB; most of the subsidiaries has been sold.

Ownership

The shares of stock of Unity Bank plc are listed on the Nigerian Stock Exchange, where they trade under the symbol: UNITYBNK. The detailed shareholding in the bank is not publicly available at this time. [9]

Branch network

As of December 2010, Unity Bank plc maintained 242 branches across all states of Nigeria, giving it the 7th-largest branch network in the country. Another 25 branches were planned at that time. [10]

See also

References

  1. ↑ Number of Employees Under Bank's Direct Employment In 2012
  2. ↑ "Central Bank of Nigeria | Commercial Banks". www.cenbank.org. Retrieved 2017-08-29.
  3. ↑ Overview of Unity Bank Plc.
  4. ↑ Audited December 2012 Financial Report
  5. ↑ Unity Bank Was Formed in 2006
  6. ↑ Aderounmu, Zainab (2024-08-13). "10 things to know about the Providus-Unity Bank merger". Businessday NG. Retrieved 2024-08-16.
  7. ↑ "Unity Bank-Providus Bank merger: CBN must close watch on our banks - Daily Trust". dailytrust.com/. 2024-08-15. Retrieved 2024-08-16.
  8. ↑ Member Companies of the Unity Bank Group
  9. ↑ "Unity Bank plc - UNITYBNK: stock quote, company profile & share news". www.moneyhub.net. Retrieved 2017-08-29.
  10. ↑ Branches of Unity Bank Plc
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