Providus Bank and Unity Bank have officially completed their merger and have commenced operations under a new identity, ProvidusUnity Bank, following the conclusion of all regulatory, shareholder and judicial approval processes.
The merged financial institution said the development is a step in Nigeria’s banking industry, creating a stronger and better-capitalised bank with an expanded national footprint to better serve individuals, businesses and communities across the country.
According to the bank, the consolidation combines Providus Bank’s digital banking expertise, innovation and customer-focused service with Unity Bank’s extensive branch network and nationwide presence, adding that the integration would strengthen financial inclusion, improve lending capacity and enhance support for Nigeria’s economic growth.
The bank noted that the merger aligns with ongoing reforms in Nigeria’s banking sector aimed at building stronger and more resilient financial institutions capable of supporting long-term economic development and the country’s ambition of becoming a trillion-dollar economy.
It assured customers that banking services would continue without interruption during the integration process, adding that they would gradually benefit from enhanced digital platforms, improved technology infrastructure, broader banking channels and a wider range of financial products and services.
ProvidusUnity Bank also reaffirmed its commitment to employees, stating that the merger presents opportunities for career growth while preserving institutional knowledge and strengthening its workforce.
The institution expressed appreciation to the Central Bank of Nigeria (CBN), shareholders, customers, employees and other stakeholders for their support throughout the merger process, describing the successful integration as a major step towards building a stronger banking system capable of driving investment, expanding access to finance and supporting Nigeria’s economic transformation.
