2021 BSM Index
TOP 50 BRANDS NIGERIA® 2021
| #23 | Union Bank of Nigeria Plc. |
|---|---|
| BSM Index | 58.51 |
| YoY | +3 |
| CEO | Mr. Emeka Emuwa |
| 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 | 300 |
| Annual Turnover | – |
| Employees | 2,365 |
| Marketing Budget | – |
Union Bank of Nigeria Plc (Union Bank) 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 institutions 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.
With its unrelenting commitment to its transformation, Union bank is repositioned as a strong player in the Nigerian banking sector – A Simpler, Smarter Bank.
Union maintained its strong outing in this annual 50 top brand table this year again. This is consistency earned.
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
