ProvidusUnity Bank Will Commence Operations as a Single Institution

*Combination expands capacity to support Nigeria’s growth ambitions

ProvidusUnity Bank will begin operating as a single, unified institution after completing the business combination of Providus Bank and Unity Bank and finalising all required regulatory, shareholder and judicial procedures.
The start of operations creates a stronger, better‑capitalised, nationally scaled banking entity that is positioned to serve customers more effectively, deepen financial inclusion, and contribute to Nigeria’s long‑term economic goals, the bank said in a statement.

ProvidusUnity Bank said it combines Providus Bank’s innovation, customer‑centric service culture and digital capabilities with Unity Bank’s extensive geographic reach and established market presence, forming a platform with greater capacity to serve individuals, businesses and communities across Nigeria.
This milestone, the bank added, aligns with Nigeria’s broader financial sector reforms aimed at strengthening institutional resilience, safeguarding depositor confidence, improving competitiveness and creating institutions capable of supporting economic transformation.

The bank thanked the Central Bank of Nigeria (CBN) for its leadership, foresight and commitment to building a stronger, more resilient banking system. It also acknowledged the support and confidence of shareholders, customers, employees and all stakeholders whose belief in the process made this outcome possible.

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

According to the bank, customers should expect continuity in service and, over time, access to a more capable institution with greater reach, product offerings, and an unwavering commitment to service excellence.
For employees, the transaction, it said, represents continuity, opportunity and confidence in the future, noting that the bank remains committed to preserving institutional knowledge, retaining talent and building a stronger organisation where people can continue to grow and contribute meaningfully.