We are pleased to announce that the Central Bank of Nigeria has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions.
This proposed merger represents a strategic and complementary union that will leverage the strengths of both banks to create a leading financial institution in the industry with footprints in retail, corporate, commercial, and digital banking.
Unity Bank Plc:
- Legacy: Over 18 years of experience.
- Network: Robust retail banking network with more than 220 branches nationwide.
- Specialization: Strong focus on the agricultural business.
- Customer Service: Renowned for exceptional service and a comprehensive range of financial products, earning the trust and loyalty of millions.
Providus Bank Limited:
- Innovation: Known for a strong digital footprint, innovative products, and high-quality service culture.
- Growth: A fast-growing new-generation bank that continually pushes the boundaries of technology.
- Customer Focus: Dedicated to helping customers grow with cutting-edge financial solutions tailored to modern needs.
By combining Unity Bank’s extensive branch network and deep-rooted customer relationships with Providus Bank’s digital prowess and innovative spirit, we aim to deliver a seamless blend of traditional and modern banking services. Our customers will benefit from:
- Expanded Product Suite: Greater variety and convenience in banking solutions.
- Enhanced Access: Improved accessibility across various channels.
- Integrated Digital Platforms: Enhanced security, faster transactions, and a more personalized banking experience.
As we embark on this journey together, we remain committed to maintaining the highest standards of corporate governance, financial stability, and customer satisfaction. Our united team of dedicated professionals will work tirelessly to ensure a smooth transition and continued tradition of excellence in all our operations.
This merger signifies the beginning of a new chapter in our shared history, filled with promise and potential. We are confident that the combined strength of both entities will create a formidable force in the banking sector, driving innovation, growth, and prosperity for our customers, employees, and stakeholders.
We extend our heartfelt gratitude to the Central Bank of Nigeria for their consideration and approval and to our customers, employees, and partners for their unwavering support.
Completing the proposed merger is subject to the final approvals of the respective Boards, shareholders, and relevant regulatory authorities.
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