Unity Bank plc
Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria.
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. 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).
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. In 2024, The Central Bank of Nigeria approved the merger of Unity Bank with Providus Bank.
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:
- 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.
Branch network
As 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.
