Type Public: NSE: UNITYBNK Website Homepage Headquarters Abuja, Nigeria Number of employees 2,072 (2012) | Industry Financial Services Chairperson Thomas Etuh Founded 2006 | |
Key people Thomas Ethuh
Chairman
Tomi Somefun
Managing Director Products Loans, Credit Cards, Savings, Investments, Mortgages Revenue Aftertax:US$38.7 million (NGN:6.2 billion) (2012) CEO Oluwatomi Somefun (11 Aug 2015–) Total assets 2.45 billion USD (2012, NGN:396 billion) Subsidiaries Unity Bureau De Change Limited Profiles | ||
Unity Bank, also known as Unity Bank Plc., is a commercial bank in Nigeria.
Contents
Overview
Unity Bank 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. 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).
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.
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:
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.
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.