Union Financial institution of Nigeria Plc has introduced the profitable completion of its merger with Titan Belief Financial institution Restricted, following the ultimate approval granted by the Central Financial institution of Nigeria (CBN).
The transaction, which commenced with a Share Sale Settlement in 2021, consolidated Titan Belief’s operations and belongings into Union Financial institution, with the 108-year-old monetary establishment rising because the surviving entity.
In a press release signed by the financial institution’s Chief Model and Advertising Officer, Mrs. Olufunmilayo Aluko, Union Financial institution described the merger as a transformative milestone that fuses its long-standing heritage with Titan Belief’s dynamism and innovation.
The mixed establishment, which can proceed to function beneath the Union Financial institution model, now boasts 293 service centres, 937 Automated Teller Machines (ATMs), and an expanded digital infrastructure to raised serve retail, SME, and company clients throughout Nigeria.
Managing Director and Chief Govt Officer, Mrs. Yetunde Oni, famous that the consolidation marked a turning level within the financial institution’s historical past.
“This can be a pivotal second in our 108-year journey and a launchpad for delivering higher worth to our clients. By mixing stability with innovation, we’re higher positioned to satisfy the evolving wants of Nigerians and to be their most trusted monetary accomplice,” Oni stated.
Additionally commenting, chairman of the Board of Administrators, Mr. Bayo Adeleke, described the merger because the daybreak of a brand new period.
“This can be a new period of progress, collaboration, and shared prosperity. By bringing collectively the strengths of each establishments, we’re dedicated to creating lasting worth for our clients, shareholders, and communities whereas advancing Nigeria’s monetary inclusion agenda,” he acknowledged.
Union Financial institution additional assured clients that their account particulars remained unchanged and providers will proceed with out disruption, even because the financial institution intensifies its push into enhanced digital choices.
