LAGOS, NIGERIA – March 31, 2017 – Union Bank, one of Nigeria’s longest standing and most respected financial institutions, announces its audited financial statements for the year ended
Following approvals from its shareholders, Union Bank will launch a rights issue in the second quarter of 2017 to raise up to Fifty Billion Naira (N50 billion) in Tier 1 capital as it looks to accelerate business growth and position as a leading commercial bank in Nigeria. The additional funding will also allow Union Bank to maintain compliance with regulatory capital requirements.
Union Bank also marks its centenary anniversary in 2017. The Bank will celebrate the 100-year milestone under three broad themes – Celebrate, Impact and Lead. Full Report
Oyinkansade Adewale, Executive Director and Chief Financial Officer unpacks the bank’s financial report in this video.
