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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
RevenueIncreaseAftertax:US$38.7 million (NGN:6.2 billion) (2012)
Total assetsUS$2.45 billion (NGN:396 billion) (2012)
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 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).[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. In December 2010, the bank had the 7th largest branch network in the country.[7]

See also

References

  1. ^ List of Licensed Commercial Banks In Nigeria
  2. ^ Overview of Unity Bank Plc.
  3. ^ Audited December 2012 Financial Report
  4. ^ Unity Bank Was Formed in 2006
  5. ^ Member Companies of the Unity Bank Group
  6. ^ Unity Bank Stock Listed On Nigerian Stock Exchange
  7. ^ Branches of Unity Bank Plc
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