Unity Bank plc
TypePublic: NSE: UNITYBNK
IndustryFinancial services
Founded2006
HeadquartersVictoria Island, Lagos, Nigeria
Key people
Thomas 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)[1]
WebsiteHomepage

Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria.[2]

Overview

Unity Bank is a large 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, 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

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]

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:[6]

  • 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

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.[7]

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.[8]

See also

References

  1. ↑ Number of Employees Under Bank's Direct Employment In 2012
  2. ↑ "Central Bank of Nigeria | Commercial Banks". www.cenbank.org. Retrieved 2017-08-29.
  3. ↑ Overview of Unity Bank Plc.
  4. ↑ Audited December 2012 Financial Report
  5. ↑ Unity Bank Was Formed in 2006
  6. ↑ Member Companies of the Unity Bank Group
  7. ↑ "Unity Bank plc - UNITYBNK: stock quote, company profile & share news". www.moneyhub.net. Retrieved 2017-08-29.
  8. ↑ Branches of Unity Bank Plc
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