| #23 | Union Bank of Nigeria Plc. |
|---|---|
| BSM Index | 53.5 |
| YoY | -19 |
| CEO | Mr. Mudassir Amray |
| Year Founded (in Nigeria) | 1917 |
| Website | www.unionbankng.com |
| Head Office | Stallion Plaza 36 Marina Lagos Nigeria |
| Nationality | NG |
| Customer Base | 5.8million |
| Number of Branches | 290 |
| Annual Turnover | – |
| Employees | 2,365 |
| Marketing Budget | – |
Union Bank of Nigeria Plc, one of the oldest and vibrant banks in the country is a large commercial bank, serving individuals, small and medium-sized companies, as well as large corporations and organizations. In July 2009, it was rated the 556th largest bank in the world and the 14th in Africa.
As of 2019, the bank’s asset base was estimated at NGN1, 879 billion. The shareholders’ equity at that time was estimated at NGN307 billion.
With history traced back to over a century, Union Bank of Nigeria, one of the oldest financial institution in the country has been a long-standing and respectable financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.
The bank has a robust geographical network comprising more than 290 service centres and over 9503 ATMs spread across Nigeria, the bank has remained committed to helping individuals, families and businesses grow for over a century.
Union bank is committed to being widely recognised as Nigeria’s most reliable and trusted banking partner. This has earned the bank the trust of the people and a top brand ranking in Nigeria.
It’s ambitions are hinged on successfully delivering on six strategic pillars including quality of our customer experience, client base, talent, banking platform, professional standards and earnings. Aggressive execution of its strategy is underway, leveraging on a robust transformation team which largely focused on people, processes and technology.
Its recent awards and recognitions include Business Day Award for “best bank to support Nigeria’s small and medium scale enterprises”, Central Bank of Nigeria Award as the best bank in Agricultural Credit Guarantee Scheme Fund in Nigeria, MasterCard cashless champion awards: Cashless POS Activation Champion and first Nigerian bank awarded the latest Payment Card Industry Data Security Standard (PCI DSS) Version 3.0 certification.
Union Bank hits the headline with its recent acquisition by a relatively new, but strongly purposeful and ambitious Titan Trust Bank. Titan Trust and the consortium backing it acquired the majority share of 89.4% of Union Bank.
Even though it’s been acquired, it doesn’t seems the new owners are in hurry to subject the huge followers to the rigour of a name change from the over a century Union Bank to a trendy Titan Trust. Only time will tell as they say.
