ProvidusUnity Bank has officially commenced operations as a single institution following the completion of its merger, with all regulatory, shareholder, and judicial processes now concluded.
The bank announced on Sunday that the newly formed entity is positioned to strengthen capitalisation, expand national coverage, deepen financial inclusion, and support Nigeria’s broader economic goals.
The merger combines Providus Bank’s digital capabilities and customer-focused model with Unity Bank’s wide geographic presence, creating a larger platform for retail, SME, and corporate banking services nationwide.
ProvidusUnity Bank said the combination aligns with ongoing reforms in Nigeria’s financial sector aimed at building stronger, more resilient institutions capable of driving economic growth.
The bank credited the Central Bank of Nigeria for facilitating the transaction and acknowledged the support of shareholders, customers, employees, and other stakeholders throughout the process.
According to the bank, the merger is expected to boost Nigeria’s financial sector capacity to mobilise investment, expand credit access, support enterprise development, and contribute to the country’s trillion-dollar economy ambition.
Customers were assured of service continuity in the near term, with enhanced products and expanded capabilities to be rolled out gradually. The bank said the integration will deliver broader banking channels, improved technology infrastructure, and a wider national footprint over time.
On staffing, the bank said the merger represents continuity and opportunity, reaffirming its commitment to retaining talent, preserving institutional knowledge, and supporting career growth within the new organisation.
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