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Union Bank of Nigeria Plc. (Corporate Statement).

Publication: The Banker
Publication Date: 01-JAN-03
Format: Online - approximately 962 words
Delivery: Immediate Online Access

Article Excerpt
Godwin Ahabue Thompson Oboh

Union Bank of Nigeria Plc is a leader in the Nigerian financial sector, with over 300 branches nation-wide, a full fledged branch in London, and the only Nigerian bank with a representative office in South Africa. The Bank is wholly owned and managed by Nigerians.

Union Bank of Nigeria Plc's powerful position as one of Nigeria's leading banks is epitomised by its head office, which at 32 storeys high, is the tallest and one of the grandest buildings on the west coast of Africa.

The Bank has one of the largest asset and deposit bases among Nigeria's financial institutions, totalling N275.2 billion and N204.4 billion for the last financial year ended March 31, 2002 respectively. Its gross earnings stood at N31.9 billion and with a current core capital of N28.8 billion, representing an increase of 134 per cent over...

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