The Bank did not declare any dividend during the year (2021: Nil) The table below summarises the financial performance of the Bank in the year under review:īasic and diluted earnings per share (Kobo) In the opinion of the Directors, the fair value of the Bank's property and equipment is not less than the value shown in the accounts and are in line with the related statement of accounting policy of the Bank. Information relating to the changes in property and equipment of the Bank during the year is provided in note 21 of the financial statement. A comprehensive review of the business for the year and the prospects for the ensuing year is contained in the Managing Director's report that will be presented in the annual report. The Bank carried out banking activities in accordance with its Memorandum and Articles of Association. Such services include but not limited to granting of Loans and Advances, Corporate Banking, Retail Banking, Consumer and Trade Finance, International Banking, Cash Management, Electronic Banking services and money market activities. The principal activity of the Bank is the provision of banking and other financial services to corporate and individual customers.
Following the consolidation reforms introduced and driven by the Central Bank of Nigeria in 2004, the Bank after its merger with eight other Banks, changed its name to Unity Bank Plc on 30 th December, 2005 and its shares are currently quoted on the Nigerian Stock Exchange. The Bank was converted into a Public Limited Liability Company on 8 th September, 1992.
UNITY BANK FULL
It was granted license on 28 th October 1987 to carry on the business of commercial banking and commenced full banking business operation on 28 th October, 1988. The Bank was incorporated in Nigeria under the Companies and Allied Matters Act as a private limited company on 27 th April, 1987 with the name Intercity Bank Limited. Each Director undertakes not to seek, nor to accept, any benefit liable to compromise his/her independence. Each Director represents the Bank's shareholders regardless of the manner in which he/she was appointed. The Board of Directors represents all shareholders and acts in the best interest of the Bank. The Directors present their annual report on the affairs of Unity Bank Plc ("the Bank") together with the financial statements and Independent Auditor's report for the period ended the year ended 31 December 2022.
^ appointed acting Chairman effective 27 April 2023
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