Is Union Bank a PLC?
Is Union Bank a PLC?
Union Bank of Nigeria Plc is a commercial bank in Nigeria….Union Bank of Nigeria.
| Type | Public Company |
|---|---|
| Founded | 1917 |
| Headquarters | 36 Marina, Lagos Island, Lagos, Lagos State, Nigeria |
| Key people | Cyril Akporuere Odu Chairman Emeka Okonkwo Chief Executive Officer |
| Total assets | US$4.1 billion (NGN1,381 billion) (2018) |
Who is the owner of Union Bank Plc?
Union Global Partners Limited
Union Bank of Nigeria/Parent organizations
Is Union Bank of Nigeria a government bank?
(UBN “the Bank” or “Union Bank”). In 1993, in line with its privatisation/commercialisation drive, the Federal Government divested by selling its controlling shares (51.67%) to private investors. Thus, Union Bank became fully owned by Nigerian citizens and organizations all within the private sector.
What is Union Bank new name?
Amalgamation : In August 2019 Union Bank of India has been selected by Government of India as Anchor Bank for the amalgamation of Andhra Bank, Corporation Bank into Union Bank of India. The amalgamation took place on 1st April 2020.
Who is the CEO of Union bank?
Rajkiran Rai G. (Jul 1, 2017–)
Union Bank of India/CEO
Which bank is the oldest in Nigeria?
FirstBank
8billion. FirstBank is wholly owned by FBN Holdings PLC, which in itself has diversified ownership, with over 1.3 million shareholders. The bank was founded in 1894 and is Nigeria’s oldest bank. It converted to a public company in 1970 and was listed on The Nigerian Stock Exchange (NSE) in 1971.
Which bank is government bank in Nigeria?
The Central Bank of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.
Which bank is richest in Nigeria?
Top 10 Richest Banks in Nigeria by Asset Value
| S/N | Banks | Total Asset Value (2020 Financial Year) |
|---|---|---|
| 1 | Ecobank | ₦9.3 Trillion |
| 2 | Zenith Bank | ₦7.973 Trillion |
| 3 | Access Bank | ₦7.925 Trillion |
| 4 | First Bank | ₦7.243 Trillion |
https://www.youtube.com/c/UnionBankNG
Where is the headquarters of Union Bank of Nigeria?
Type Public Company Traded as NSE :UBN Industry Financial Services Founded 1917 Headquarters 36 Marina, Lagos Island, Lagos, Lagos St
What is the name of the bank in Nigeria?
Union Bank of Nigeria Plc., commonly known as Union Bank of Nigeria, is a commercial bank in Nigeria. The bank has been operating in Nigeria since 1917.
When did Union Bank of Nigeria change its name?
The bank changed its name to Union Bank of Nigeria Plc, to reflect its new ownership structure. In 1993, the Federal Government of Nigeria completely divested its ownership in the bank.
Who are the directors of Union Bank UK?
It has two wholly owned bank subsidiaries; Union Bank UK in London, United Kingdom and UBN Property Company Limited in Nigeria. The bank’s activities are supervised by a thirteen-member board of directors, chaired by Cyril Odu.