Press Releases

Union Bank kicks off 100th anniversary celebrations

Union Bank kicks off 100th anniversary celebrations

Union Bank, one of Nigeria’s most respected financial institutions, has kicked off celebrations to mark its 100thanniversary in Nigeria. The kick-off event was held on Tuesday, February 14th at the bank’s headquarters in Lagos.

Union Bank was established in 1917 as Colonial Bank and in 1922, Barclays Bank acquired it, changing the name to Barclays Bank DCO (Dominion, Colonial and Overseas) and through the years, the Bank went on to become one of Nigeria’s leading financial institutions.

Barclays Bank DCO was renamed Barclays Bank Nigeria Limited following the enactment of the Companies Act of 1968. In 1971, the bank was listed on the Nigerian Stock Exchange and the Nigerian government acquired a stake making it a wholly Nigerian –owned bank. In 1979, following a public offering, the bank was renamed Union Bank of Nigeria to reflect the new ownership structure.

Read:  SME Economy conference and exhibition

The 100th anniversary is being marked five years after the bank was acquired by a new international investor group in 2012. Following this, the new management team led by Chief Executive Officer, Mr. Emeka Emuwa, embarked on a transformation programme to reposition Union Bank with the objective of becoming a leading provider of quality financial services in Nigeria.

With a defined business model focused on customer segments across retail, commercial and corporate banking, Union Bank is now positioned to deliver simpler, smarter service to all its customers. The bank has relied on technology to enhance its customer service, maintain a reliable banking platform and the roll out of new products especially in the retail space.

Union Bank continues to showcase successes of its transformation which include the launch of more than 110 new or refurbished branches across Nigeria; a new brand identity which has been recognised internationally at the Transform Awards MENA; steady growth of its customer deposits and the fastest growing mobile banking platform in the industry with nearly 350% increase in mobile banking customers in 2016.

Read:  Entrepreneurs in Awka receive business grants from Life Lager Beer

Speaking at the kick-off event, Mr. Emuwa said, “One hundred years is no easy feat for any institution and I am proud to be a part of this milestone achievement at Union Bank. While we will celebrate our past achievements, this milestone also signals the start of our legacy for the next one hundred years. This year will be about showcasing who we are as an organisation – a responsive corporate citizen to our communities and a champion for sustainability and social innovation.”

Mr. Emuwa also unveiled the guiding themes for the bank’s 100th celebrations which are Celebrate. Impact. Lead. The bank will unveil activities under the three themes during the course of the year.

###

About Union Bank Plc.

Read:  University of Southampton hosts International Women’s Day Lecture, Mfon Ekpo as Keynote Speaker.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria. In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems. More information can be found at www.unionbankng.com

Related posts

Young-Folks Word Conference 2018

NigGal

H.O.M.E By Martell: Come party this Saturday with Martell brand ambassador, M.I

NigGal

Unity Bank partners RIFAN on rice pyramid project, pledges support for farmers.

NigGal

Foreign Investment: Ogun signs $400 million MoU on Olokola FTZ, Agro-processing zone.

NigGal

Nigeria International Petroleum Trade Exhibition 2019 – Visitor

NigGal

Zenith /Delta Principals’ Cup: LOC Meets Over New Final Date

NigGal

12 comments

emmanuel caleeb February 22, 2017 at 4:29 pm

thnkx 2 union bank plc

miss B February 23, 2017 at 5:43 pm

una 2much keep it up

NURA EN DEE February 26, 2017 at 6:53 am

Happy Anniversary

wisdom emeka February 26, 2017 at 12:50 pm

I am having Money issues, can you help me please?

abubakar munir murtala February 26, 2017 at 4:55 pm

l wish u al d best &prisperity.

PAUL February 27, 2017 at 8:21 am

LAGOS

make money without investment February 27, 2017 at 8:26 pm
Olivia igwe March 2, 2017 at 2:53 pm

Hearty Congratulations!!!

AKINDELE I. D. March 5, 2017 at 6:14 am

Please remember ur retirees who till the ground several years for these successful feat to be achieved, especially when everything was manual and arrange a beautiful package for them all for remembrance sake. Their prayers will fast track u to a greater height.

Abuna March 5, 2017 at 8:44 am

wish u d all beast and long activities in move the Bank worldwide

Henry Vincent Emmanuel April 2, 2017 at 12:57 pm

I love it, keep on your good work.

Please how can I access my late fathers shares with Union bank

Patrick Ijeoma April 15, 2017 at 8:55 pm

Well-done union

Leave a Comment