Unity Bank PLCLicenced by the Central Bank of Nigeria
Unity Bank PLCLicenced by the Central Bank of Nigeria
We are pleased to welcome you to our Investor Relations page, a platform dedicated to meeting your investment information and education and needs. The bank was incorporated in Nigeria under the companies and Allied Matters Act CAP C20 LFN 2004 as a private limited company on 27th April, 1987 under the name Intercity Bank Limited. It was granted license on 28th October, 1987 to carry on the business of commercial banking. It commenced full banking business operations on 28th October, 1988 and was converted to a Public Limited Liability Company on 8th September, 1992.
Following the consolidation reforms introduced and driven by the Central Bank of Nigeria in 2004, the Bank merged with five (5) other Banks on 22nd December, 2005 and changed its name to Unity Bank Plc on 30th December, 2005. It further merged with three (3) other Banks on 2nd March, 2006.
Today, Unity Bank Plc is the Largest Merger and Consolidation in the History of the Nigerian Banking Industry with the merger of nine (9) financial institutions namely; Intercity Bank Plc, First Interstate Bank Plc, Tropical Commercial Bank Plc, Pacific Bank Limited, Centre Point Bank Plc, Societe Bancaire Limited, NNB International Bank Plc, Bank of the North Ltd and New Africa Bank Plc. The Bank is currently quoted at the Nigerian Stock Exchange with a total of 79,817 shareholders comprising of Individuals, associations, business institutions within the country and State Governments. The Bank in 2010 concluded its first right issue of 23.9Billion and recorded a remarkable 72% achievement in raising 17.3Billion.
As an organization poised towards creating superior wealth for our stakeholders, we have continued to improve on our profitability level from a negative P&L when the merger was consummated to a positive P&L despite challenges witnessed in the industry which saw the Bank crossing the hurdle of the stress test initiated by the Central Bank of Nigeria and NDIC in 2009.
We at Unity Bank Plc are delighted to engage you with our menu of information on this visit, hoping that at the end of your trip through our pages, you will stay true to your passion for Unity Bank Plc.
As we wish you a pleasant navigation through our website, please be informed that issues relating to investment claims (such as share certificates, dividend warrants, annual reports, notices of AGMs) are handled by our registrar, Unity Registrars Limited.