Unity Bank plc
| 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 | IncreaseAftertax: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]
Overview
[edit | edit source]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[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
[edit | edit source]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
[edit | edit source]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
[edit | edit source]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
[edit | edit source]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.[10]
See also
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References
[edit | edit source]- ^ Number of Employees Under Bank's Direct Employment In 2012[permanent dead link]
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- ^ Overview of Unity Bank Plc.
- ^ Audited December 2012 Financial Report[permanent dead link]
- ^ Unity Bank Was Formed in 2006
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- ^ Member Companies of the Unity Bank Group
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- ^ Branches of Unity Bank Plc
