ProvidusUnity Bank Set to Commence Operations as Single Institution

ProvidusUnity Bank is set to begin operations as a unified entity following the successful business combination of Providus Bank and Unity Bank. This merger, which has concluded all necessary regulatory, shareholder, and judicial approvals, creates a stronger, better-capitalized banking institution with a national scale.

The new bank is positioned to more effectively support customers, expand financial inclusion, and make a significant contribution to Nigeria's long-term economic goals. ProvidusUnity Bank combines Providus Bank's innovative approach, customer-centric service, and digital capabilities with Unity Bank's extensive geographic reach and established market presence. This synergy is expected to create a more robust platform capable of serving individuals, businesses, and communities across Nigeria.

“

ProvidusUnity bank believes that stronger institutions will play a critical role in enabling investment, supporting enterprise, expanding access to capital and helping position Nigeria towards its aspiration of building a trillion-dollar economy.

This development aligns with the Nigerian financial sector's ongoing reforms, which aim to bolster institutional resilience, ensure depositor confidence, enhance competitiveness, and foster financial institutions that can drive economic transformation. The bank expressed gratitude to the Central Bank of Nigeria for its leadership in building a stronger banking system and acknowledged the support of shareholders, customers, and employees.

ProvidusUnity Bank anticipates that stronger institutions are vital for enabling investment, supporting enterprises, broadening access to capital, and helping Nigeria achieve its aspiration of a trillion-dollar economy. For customers, the integration promises immediate and long-term benefits, including expanded access, improved service delivery, enhanced technology, broader channels, and a wider national footprint for a seamless banking experience. Employees can expect continuity, opportunity, and confidence in the future, with a commitment to preserving institutional knowledge and retaining talent.

“

For customers, the integration creates immediate and long-term benefits through expanded access, improved service delivery, enhanced technology infrastructure, broader channels, and a significantly wider national footprint designed to deliver a more consistent and seamless banking experience.