Unity Bank plc facts for kids
| Public: NSE: UNITYBNK | |
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | Victoria Island, Lagos, Nigeria |
|
Key people
|
Thomas Ethuh Chairman Tomi Somefun Managing Director |
| Products | Loans, Credit Cards, Savings, Investments, Mortgages |
| Revenue |  Aftertax:US$38.7 million (NGN:6.2 billion) (2012) |
| Total assets | US$2.45 billion (NGN:396 billion) (2012) |
|
Number of employees
|
2,072 (2012) |
Unity Bank is a big bank in Nigeria. It helps people and businesses with their money, like saving it or borrowing it. The bank is also known as Unity Bank plc.
Contents
About Unity Bank
Unity Bank is a major company that offers many money services in Nigeria. Its main office is in Lagos, which is a very important city for business in Nigeria. The bank also has an office in Abuja, the capital city of Nigeria.
In December 2012, the bank had about US$2.45 billion (which is 396 billion Nigerian Naira) in total assets. This means the value of everything the bank owned was that much. Its shareholders' equity was about US$322 million (51.5 billion Nigerian Naira). This is the money that belongs to the bank's owners.
How Unity Bank Started
Unity Bank plc was created in January 2006. It was formed when nine different money companies decided to join together. These companies were good at different types of banking. Some focused on big businesses, some on everyday people, and others on helping people invest their money.
Unity Bank Group
Unity Bank plc is the most important part of a larger group called the Unity Bank Group. This group includes other companies that offer different financial services.
Here are some of the companies that are part of the Unity Bank Group:
- Unity Capital & Trust Limited
- Caranda Management Services Limited
- Unity Registrars Limited
- Northlink Insurance Brokers Limited
- Newdevco Investments & Securities Limited
- UnityKapital Assurance plc
- Pelican Prints Limited
- Unity Bank BDC
- Hexali Properties Limited
Who Owns Unity Bank?
The shares of stock for Unity Bank plc are traded on the Nigerian Stock Exchange. This is a place where people can buy and sell parts of companies. When you buy a share, you own a small piece of the company. Unity Bank's shares are known by the symbol: UNITYBNK. We don't know exactly who owns how much of the bank right now.
Bank Locations
As of December 2010, Unity Bank plc had 242 branches all over Nigeria. A branch is like a local office where customers can go for banking services. Having so many branches made it the 7th largest bank in Nigeria for its number of locations. At that time, the bank was planning to open 25 more branches.
