| #44 | Union Bank of Nigeria Plc. |
|---|---|
| BSM Index | 44 |
| YoY | – |
| CEO | Yetunde Oni |
| 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 |
| Total Asset | 3.65 Trillion (Dec. 2023) |
| Employees | 2,500 |
| Marketing Budget | – |
Union Bank of Nigeria Plc:
A Century of Trust and Innovation in Banking
Union Bank of Nigeria Plc, one of the oldest and most respected financial institutions in Nigeria, has been a pillar of the Nigerian banking industry for over a century. Established in 1917 as Colonial Bank, the institution has evolved through the years, undergoing significant transformations to become a leading player in Nigeria’s financial sector. Today, Union Bank is known for its rich heritage, resilience, and commitment to delivering innovative banking solutions.
Throughout its history, Union Bank has consistently provided a wide range of banking services to cater to individuals, small and medium-sized enterprises (SMEs), and large corporations. The bank’s extensive network of over 290 service centers and more than 930 ATMs across Nigeria ensures that it remains accessible to customers in both urban and rural areas, offering a blend of traditional banking services and cutting-edge digital solutions.
Union Bank’s commitment to excellence has not gone unnoticed. The bank has received several accolades for its contributions to the Nigerian financial landscape. Notable among these are the Business Day Award for “Best Bank to Support Nigeria’s Small and Medium-Scale Enterprises” and recognition from the Central Bank of Nigeria as the best bank in the Agricultural Credit Guarantee Scheme Fund. These awards underscore Union Bank’s role in supporting economic development and its dedication to fostering financial inclusion across Nigeria.
As of December 2023, Union Bank’s asset base stood at an estimated NGN 3.65 trillion, making it the 10th largest bank in Nigeria, also reflecting its strong financial capacity to support large-scale economic activities.
In its journey towards the future, Union Bank remains focused on leveraging technology and innovation to meet the evolving needs of its customers. The bank’s digital banking platforms, mobile apps, and online services are designed to provide seamless and convenient access to financial services, further cementing its status as a leader in the Nigerian banking industry.
Union Bank News
- Union Bank Achieves Another Milestone; Attains MSECB ISO 27001:2022, 20000-1:2018 and 22301 Certifications May 13, 2024We are excited to announce that we have received MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. Your Simpler Smarter Bank was awarded these three noteworthy certifications by MSECB, a leading international provider of audit and certification services, after being rigorously assessed and found to be in accordance with the management […]Abisola Oluyede
- Ability Over Gender: Union Bank’s Advocacy for Gender Inclusivity March 13, 2024As we commemorate this year’s Women’s Month, it is important to take a step back and reflect on the positive steps we have taken to create a thriving and enabling environment that promotes women’s empowerment and gender inclusion. At Union Bank, we are committed to removing barriers and facilitating women’s success in all areas. […]Abisola Oluyede
- Union Bank and BFREE Forge Strategic Partnership to Revitalize Loan Portfolios November 29, 2023Union Bank of Nigeria and BFREE, a cutting-edge German-Nigerian FinTech firm, have signed a Memorandum of Understanding (MOU). This agreement signifies a joint commitment to addressing economic challenges and revitalising distressed loan portfolios in Nigeria. This MOU was formalised during the German-Nigerian Business Forum in Berlin on November 21, 2023. Under the terms of the […]Abisola Oluyede
