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