Unity Bank plc: Difference between revisions

Revision as of 19:04, 14 December 2020

Latest revision as of 01:59, 7 August 2025

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{{Short description|Building in Nigeria}}

{{Infobox company

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

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| ___location = [[Victoria Island, Lagos|Victoria Island]], [[Lagos]], 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]

}}

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==Overview==

Unity Bank is a largemid 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.<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 plc.<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==

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* 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.<ref>{{Cite web|url=http://www.moneyhub.net/scripts/cgiip.wsc/globalone/htm/quote_and_news.r?pisharetype-id=16645|title=Unity Bank plc - UNITYBNK: stock quote, company profile & share news|last=http://www.moneyhub.net|website=www.moneyhub.net|access-date=2017-08-29}}</ref>

==Branch network==

{{As of|2010|December|post=,}} 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. and more <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==