ProvidusUnity Bank has officially commenced operations as a single, unified financial institution following the successful completion of the business combination between Providus Bank and Unity Bank and the conclusion of all required regulatory, shareholder and judicial processes.
The merger creates a stronger, better-capitalised and nationally scaled bank positioned to improve customer service, deepen financial inclusion and contribute significantly to Nigeria’s long-term economic growth.
ProvidusUnity Bank combines the innovation, customer-focused service culture and digital capabilities of Providus Bank with Unity Bank’s extensive branch network and established market presence, creating a more resilient institution with greater capacity to serve individuals, businesses and communities across the country.
The milestone supports ongoing reforms in Nigeria’s financial sector aimed at strengthening institutional resilience, protecting depositor confidence, improving competitiveness and building financial institutions capable of driving economic transformation.
The Bank expressed appreciation to the Central Bank of Nigeria (CBN) for its leadership and commitment to building a stronger and more resilient banking system. It also thanked shareholders, customers, employees and other stakeholders whose confidence and support made the successful integration possible.
According to the Bank, stronger financial institutions will play a critical role in attracting investment, supporting businesses, expanding access to capital and helping Nigeria achieve its aspiration of becoming a one-trillion-dollar economy.
Customers are expected to benefit from wider access to banking services, improved service delivery, enhanced technology infrastructure, broader service channels and a significantly expanded nationwide footprint that will deliver a more seamless banking experience.
The Bank assured customers of uninterrupted services during the integration while promising greater product offerings, wider reach and continued commitment to service excellence.
For employees, the merger represents continuity, new opportunities and confidence in the future. ProvidusUnity Bank reaffirmed its commitment to preserving institutional knowledge, retaining talent and building a stronger organisation where employees can continue to grow and make meaningful contributions.
