By JKNewsMedia
COMPLETION OF merger has been announced between the Union Bank of Nigeria (UBN) and Titan Trust Bank (TTB) Limited, following final approval from the Central Bank of Nigeria (CBN).
The milestone, according to a statement, concludes a process that began with the signing of a Share Sale Agreement in 2021.
Under the terms of the merger, UBN has fully absorbed TTB’s operations and assets.
The combined institution will continue to operate under the UBN brand, while TTB ceases to exist as a separate entity.
UBN also stated that the consolidation expands its reach to more than 293 service centres and 937 ATMs nationwide, supported by strengthened digital channels.
According to the UBN, the integration combines its trusted heritage with TTB’s agility and innovation, creating a platform for sustainable growth and broader financial inclusion.
UBN Managing Director and Chief Executive Officer, Mrs Yetunde Oni, said the development represents “a pivotal moment in our 108-year journey, and a launchpad for delivering greater value to our customers.
By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”
Chairman of the Board of Directors, Mr Bayo Adeleke, also described the merger as “a new era of growth, collaboration, and shared prosperity.
“By bringing together the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda.”
However, UBN has assured its customers that there will be no disruption to existing services.
Also, the bank confirmed that account details remain unchanged, and customers will continue to access the full range of products and services seamlessly.
The institution also emphasised its commitment to accelerating enhanced digital solutions to meet the needs of retail, SME, and corporate clients.
It further added that the strategic consolidation strengthens its market position, unlocks operational synergies, and underscores its ambition to deliver a modern, robust, and inclusive banking experience across Nigeria.
