ProvidusUnity Bank prioritises expanded finance for $1tr economy

Business Providus and Unity Bank will be commencing operations as one unified institution with strong capital base to support businesses and economy. This followed the successful completion of business combination between Providus Bank and Unity Bank. Group Head, Brand & Corporate Communications, ProvidusUnity Bank, Dafe Ivwurie, said the combination of the banks not only strengthens financial system resilience but expands its capacity to support Nigeria’s growth ambitions. He affirmed that the bank has concluded all required regulatory, shareholder and judicial processes. He said: “The commencement of operations marks the creation of a strong, better-capitalised, and nationally scaled banking institution positioned to support customers more effectively, deepen financial inclusion, and contribute meaningfully to Nigeria’s long-term economic ambitions”. According to him, ProvidusUnity Bank brings together the complementary strengths of Providus Bank’s innovation, customer-centric service culture, and digital capabilities, and Unity Bank’s broad geographic reach and established market presence to create a stronger platform with greater capacity to serve individuals, businesses, and communities across Nigeria. READ ALSO; I stand by my words, Makinde was not proactive enough on security in Oyo — Fayose “This milestone aligns with the broad objectives of ongoing reforms within Nigeria’s financial sector aimed at strengthening institutional resilience, safeguarding depositor confidence, improving competitiveness and creating financial institutions capable of supporting economic transformation,” Ivwurie said. The bank lauded the Central Bank of Nigeria (CBN) for its leadership, foresight and commitment to building a stronger and more resilient banking system. It further acknowledges the support and confidence of shareholders, customers, employees and all stakeholders whose belief in the process made this outcome possible. He said: “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. “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”. He said 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 represents continuity, opportunity and confidence in the future. The bank remains committed to preserving institutional knowledge, retaining talent and building a stronger organisation where people can continue to grow and contribute meaningfully,” Ivwurie said.