ProvidusUnity Bank has officially commenced operations following the successful merger of Providus Bank and Unity Bank, creating a unified financial institution that aims to strengthen banking services and support Nigeria’s economic growth.
In a statement announcing the launch, the bank said the merger is intended to build a more resilient organisation capable of serving customers, businesses and communities more effectively while contributing to the country’s financial and economic development.
According to ProvidusUnity Bank, the integration goes beyond combining two businesses. It represents a strategic effort to create a stronger institution with the capacity to deliver improved services, encourage enterprise and play a greater role in Nigeria’s evolving banking sector.
The bank expressed gratitude to the Central Bank of Nigeria (CBN) for its guidance and support throughout the merger process, noting that the regulator’s efforts have helped maintain financial system stability and promote sustainable economic growth.
It also acknowledged the contributions of the Securities and Exchange Commission (SEC), shareholders, customers, employees and other stakeholders whose cooperation and confidence made the merger possible.
ProvidusUnity Bank said the new institution combines the strengths of both legacy banks. Providus Bank brings innovation, flexibility and a customer-focused approach, while Unity Bank contributes extensive market reach, industry experience and an established presence across Nigeria. Together, these capabilities are expected to enhance the bank’s ability to serve individuals and businesses nationwide.
The institution assured customers that service quality will remain a priority throughout the integration process. It stated that clients can expect greater stability, improved banking experiences and broader access to financial products and services as operations continue to be consolidated.
The bank also highlighted its commitment to employees, describing the merger as the start of a shared future built on recognising talent, rewarding performance and providing opportunities for professional development.
Looking ahead, ProvidusUnity Bank said strong financial institutions are essential for supporting investment, boosting business activity and maintaining confidence in the economy. It pledged to focus on disciplined execution, responsible growth and the creation of long-term value for customers, shareholders, employees and other stakeholders.
