| Unity Bank plc | |
| Type: | Public NSE: UNITYBNK |
| Foundation: | 2006 |
| Location: | Victoria Island, Lagos, Nigeria |
| Key People: | Thomas Ethuh Chairman Tomi Somefun Managing Director |
| Industry: | Financial services |
| Products: | Loans, Credit Cards, Savings, Investments, Mortgages |
| Revenue: | Aftertax:US$38.7 million (NGN:6.2 billion) (2012) |
| Assets: | US$2.45 billion (NGN:396 billion) (2012) |
| Num Employees: | 2,072 (2012)[1] |
| Homepage: | Homepage |
Unity Bank, also known as Unity Bank plc, is a commercial bank in Nigeria.[2]
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], 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]
Unity Bank recorded consistent growth in its gross earnings between 2011 and 2017.[5] Despite the recorded growth between 2011 and 2017, the bank recorded ₦9.17 billion[6] more losses between 2011 and 2022.
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.[7] In 2024, The Central Bank of Nigera approved the merger of Unity Bank with Provdus Bank.[8] [9]
Unity Bank plc, is the flagship institution of the Unity Bank Group. Other members of the financial services group include the following:[10]
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.[11]
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.[12]