Unity Bank plc: Difference between revisions

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{{Short description|Building in Nigeria}}

{{Infobox company

| name = Unity Bank Plc.plc<!--preferred lowercase per MOS:ABBR-->

| logo =

| type = [[Public company|Public]]: [[Nigeria Stock Exchange|NSE]]: '''UNITYBNK'''

| foundation = 2006

| ___location = [[AbujaVictoria Island, Lagos|Victoria Island]], [[Federal Capital Territory, Nigeria|FCTLagos]], Nigeria

| key_people = '''Thomas Ethuh'''<br/>[[Chairman]]<br/>'''[[Tomi Somefun''']]<br/>[[Managing Director]]

| industry = [[Financial Servicesservices]]

| products = [[Loans]], [[Credit Card]]s, [[Savings]], [[Investments]], [[Mortgages]]

| revenue = {{Profit}}Aftertax:US$38.7 million (NGN:6.2 billion) (2012)

| assets = US$2.45 billion (NGN:396 billion) (2012)

| num_employees = 2,072 (2012)<ref>[http://www.unitybankng.com/formdownloads/Annual%20report%202012.pdf Number of Employees Under Bank's Direct Employment In 2012]{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

| homepage = [http://www.unitybankng.com/ Homepage]

}}

'''Unity Bank''', also known as '''Unity Bank Plc.plc''', is a [[commercial bank]] in Nigeria.<ref>[{{Cite web|url=http://www.cenbank.org/Supervision/Inst-DM.asp|title=Central ListBank of LicensedNigeria {{!}} Commercial Banks In Nigeria]|website=www.cenbank.org|language=en|access-date=2017-08-29}}</ref>

==Overview==

Unity Bank is a largemid sized financial services provider in [[Nigeria]]. Headquartered in [[AbujaLagos]], Nigeria's [[capitalcommercial city|capital]],. Unity Bank also maintains an operations base on [[Victoria Island (Nigeria)|Victoria Island]], in [[LagosAbuja]], Nigeria's commercial capital.<ref>[http://www.unitybankng.com/unityselector.php?action=about Overview of Unity Bank Plc.]</ref> {{asof|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).<ref>[http://www.unitybankng.com/formdownloads/Annual%20report%202012.pdf Audited December 2012 Financial Report]{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

==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 Plcplc.<ref>[http://www.unitybankng.com/unityselector.php?action=about Unity Bank Was Formed in 2006]</ref> In 2024, [[Central Bank of Nigeria|The Central Bank of Nigeria]] approved the merger of Unity Bank with [[Providus Bank Limited|Providus Bank]].<ref>{{Cite web |last=Aderounmu |first=Zainab |date=2024-08-13 |title=10 things to know about the Providus-Unity Bank merger |url=https://businessday.ng/news/article/10-things-to-know-about-the-providus-unity-bank-merger/ |access-date=2024-08-16 |website=Businessday NG |language=en-US}}</ref><ref>{{Cite web |date=2024-08-15 |title=Unity Bank-Providus Bank merger: CBN must close watch on our banks - Daily Trust |url=https://dailytrust.com/unity-bank-providus-bank-merger-cbn-must-close-watch-on-our-banks/ |access-date=2024-08-16 |website=dailytrust.com/ |language=en-US}}</ref>

==Unity Bank Group==

Unity Bank Plc.plc, is the flagship institution of the '''Unity Bank Group'''. Other members of the financial services group include the following:<ref>[http://www.unitybankng.com/unityselector.php?action=about Member Companies of the Unity Bank Group]</ref>

* Unity Capital & Trust Limited

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* Northlink Insurance Brokers Limited

* Newdevco Investments & Securities Limited

* UnityKapital Assurance Plc.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.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.<ref>[{{Cite web|url=http://www.moneyhub.net/scripts/cgiip.wsc/globalone/htm/quote_and_news.r?pisharetype-id=16645 |title=Unity Bank Stockplc Listed- OnUNITYBNK: Nigerianstock Stockquote, Exchange]company profile & share news|website=www.moneyhub.net|access-date=2017-08-29}}</ref>

==Branch network==

{{asofAs of|2010|December 2010|post=,}}, Unity Bank Plc.plc maintained 242 branches inacross all states of Nigeria, withgiving anotherit 25the planned.7th-largest Inbranch Decembernetwork 2010,in the bankcountry. hadAnother the25 7thbranches largestwere branchplanned networkat inthat the countrytime.<ref>[http://www.unitybankng.com/unityselector.php?action=about Branches of Unity Bank Plc]</ref>

==See also==

*[[List of banks in Nigeria]]

*[[Economy of Nigeria]]

{{Portal|Banks}}

==References==

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==External links==

*[http://www.unitybankng.com Homepage of Unity Bank Nigeria]

*[http://www.cenbank.org Website of Central Bank of Nigeria]

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[[Category:Banks of Nigeria]]

[[Category:Companies of Nigeria]]

[[Category:Banks established in 2006]]

[[Category:Companies established in 2006]]

[[Category:Economy of Nigeria]]