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Unity Bank plc

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Unity Bank Plc.
Company typePublic
NSE :UNITYBNK
IndustryFinancial Services
Founded2006
HeadquartersAbuja, Nigeria
Key people
Nu'uman Barau Danbatta
Chairman
Ado Yakubu Wanka
Managing Director
ProductsLoans, Credit Cards, Savings, Investments, Mortgages
Total assetsUS$3.15 billion (NGN:506.35 billion) (2011)
Number of employees
5,000+ (2011)
WebsiteHomepage

Unity Bank (Nigeria), also known as Unity Bank Plc., is a commercial bank in Nigeria.[1]

Overview

Unity Bank (Nigeria) is a large financial services provider in Nigeria. Headquartered in Abuja, Nigeria's capital, Unity Bank also maintains an operations base on Victoria Island, in Lagos, Nigeria's commercial capital.[2] As of December 2011, the bank's total assets were valued at about US$3.15 billion (NGN:506.35 billion), with shareholders' equity of approximately US$277 million (NGN:44.5 billion).[3]

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.[4]

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:[5]

  • 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.[6]

Branch network

As of December 2010, Unity Bank Plc. maintained 242 branches in all states of Nigeria, with another 25 planned.[7]

See also

References