Providus, Unity Bank complete merger as ProvidusUnity Bank

▤ Summary

ProvidusUnity Bank has started operations after the merger of Providus Bank and Unity Bank cleared its final legal challenge. The combined bank will operate about 230 branches and is projected to exceed N2 trillion in assets and N1.2 trillion in deposits. Management says the merger will create a stronger institution with broader reach and better digital banking services. Customers should expect changes in apps, debit cards, and transaction alerts as the two banks move through integration. The merger also helps both banks meet recapitalisation requirements set by the Central Bank of Nigeria.

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