Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria.[2]
| Company type | Public: NSE: UNITYBNK |
|---|---|
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Victoria Island, Lagos, Nigeria |
Key people | Thomas Ethuh Chairman Tomi Somefun Managing Director |
| Products | Loans, Credit Cards, Savings, Investments, Mortgages |
| Revenue |  Aftertax: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 |
Overview
editUnity Bank is a large 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[update], 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
editIn 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
editUnity Bank plc, is the flagship institution of the Unity Bank Group. Other members of the financial services group include the following:[8]
- Unity Capital & Trust Limited
- Caranda Management Services Limited
- Unity Registrars Limited
- Northlink Insurance Brokers Limited
- Newdevco Investments & Securities Limited
- UnityKapital Assurance plc
- Pelican Prints Limited
- Unity Bank BDC
- Hexali Properties Limited
Ownership
editThe 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
editAs of December 2010,[update] 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
edit
References
edit- ^ Number of Employees Under Bank's Direct Employment In 2012
- ^ "Central Bank of Nigeria | Commercial Banks". www.cenbank.org. Retrieved 2017-08-29.
- ^ Overview of Unity Bank Plc.
- ^ Audited December 2012 Financial Report
- ^ Unity Bank Was Formed in 2006
- ^ Aderounmu, Zainab (2024-08-13). "10 things to know about the Providus-Unity Bank merger". Businessday NG. Retrieved 2024-08-16.
- ^ "Unity Bank-Providus Bank merger: CBN must close watch on our banks - Daily Trust". dailytrust.com/. 2024-08-15. Retrieved 2024-08-16.
- ^ Member Companies of the Unity Bank Group
- ^ "Unity Bank plc - UNITYBNK: stock quote, company profile & share news". www.moneyhub.net. Retrieved 2017-08-29.
- ^ Branches of Unity Bank Plc