| #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.
