Nigeria TV Info

Union Bank Completes Merger with Titan Trust Bank After CBN Approval

The Union Bank of Nigeria has announced the successful completion of its merger with Titan Trust Bank Ltd, following the final approval granted by the Central Bank of Nigeria (CBN).

In a statement issued in Lagos, the Managing Director and Chief Executive Officer of Union Bank, Mrs. Yetunde Oni, confirmed the conclusion of the merger process, describing it as a significant milestone in the bank’s transformation journey.

According to her, the merger positions Union Bank to strengthen its market share, expand innovative offerings, and deliver greater value to its customers, shareholders, and stakeholders.

The consolidation with Titan Trust Bank, one of Nigeria’s fastest-growing financial institutions, marks a new era for Union Bank, which has been in operation for over a century.

Oni assured that both institutions are committed to ensuring a seamless integration process that prioritizes customer satisfaction and operational excellence.

The merger, analysts say, is expected to deepen competition in the Nigerian banking sector while offering customers broader financial services backed by stronger capital and digital capacity.