Unity Bank plc

Unity Bank plc
TypePublic: NSE: UNITYBNK
IndustryFinancial services
Founded2006
HeadquartersVictoria Island, Lagos, Nigeria
Key peopleThomas Ethuh
Chairman
Tomi Somefun
Managing Director
ProductsLoans, Credit Cards, Savings, Investments, Mortgages
RevenueIncreaseAftertax:US$38.7 million (NGN:6.2 billion) (2012)
Total assetsUS$2.45 billion (NGN:396 billion) (2012)
Number of employees
2,072 (2012)
WebsiteHomepage

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, 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:

NB; most of the subsidiaries has been sold.

Ownership

The shares of stock 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, 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.

See also

References

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