History - Union Bank of Nigeria (2024)

What is this Privacy Notice for?

Union Bank of Nigeria Plc (“The Bank”) values your Personal Data and we are committed to protecting your privacy whenever you interact with us. Please read this Privacy Notice (Notice) to understand our policies, processes and procedures regarding the processing of your personal data.

This Notice explains to you how your Personal Data is collected, used, managed and transferred by Union Bank and also explains how you can update your Personal Data with us and exercise your rights in respect of the Personal Data provided to us.

The Personal Data that We Collect

We collect Personal Data that you give to us; for example, when you create an account with us, request for further information about our products, fill a form, apply for a job through our website, or subscribe to newsletters on our website.

We may also automatically collect some technical information when you visit our website such as your IP address, and information about your visit, such as the pages that you viewed. This information helps us understand customer interests and helps us improve our website. When you visit our site, the pages that you look at, and a short text file called a cookie, are downloaded to your computer. By visiting and using our website, you agree to our use of Cookies in line with Union Bank’s policies. For more details about Cookies, please read our Cookies Policy available through this link.

What do we use your Personal Data for?

We may process your Personal Data to communicate with you (including sending marketing or promotional materials to you), provide you with further information about our products and how we can serve you better, respond to your purchase orders or requests, process your application for employment with Union Bank or to fulfil our contractual obligations with you. We may also process your Personal Data to comply with provisions of applicable laws.

What Constitutes your Consent?

Where processing of Personal Data is based on consent, we shall obtain the requisite consent at the time of collection of the Personal Data. In this regard, you consent to the processing of your Personal Data when you access our platforms, or use our services, content, features, technologies or functions offered on our website or other digital platforms. You can withdraw your consent at any time but such withdrawal will not affect the lawfulness of processing based on consent given before its withdrawal.

Who do we share your Personal Data with?

We respect your privacy and we limit disclosure of your Personal Data to third parties. We do not sell, give or trade any Personal Data that we obtain from you to any third party for data mining or marketing purposes. However, we may share your Personal Data with service providers engaged by us to provide services to Union Bank subject to appropriate data security and protection. We may also share your information where there is a regulatory or statutory obligation to disclose such Personal Data in accordance with provisions of applicable laws.

Security and Retention of your Personal Data

Your Personal Data is kept private and we make every effort to keep your Personal Data secure, including restricting access to your Personal Data with us on a need to know basis. We require our staff and any third parties that carry out any work on our behalf to comply with appropriate security standards to protect your Personal Data.

We take appropriate measures to ensure that your Personal Data is only processed for the minimum period necessary in line with the purposes set out in this Notice or as required by applicable laws, until a time it is no longer required or has no use. Once your Personal Data is no longer required, we destroy it in a safe and secure manner.

Your Rights

Union Bank collects Personal Data only for the purposes identified in this Policy and such information cannot be reused for anotherpurposethat is incompatible with the originalpurpose.

You can exercise the following rights with respect to your Personal Data with Union Bank:


  1. request for and access your Personal Data collected and stored by Union Bank

  2. withdraw consent at any time. For example, you can withdraw your consent to receipt of our marketing or promotional materials or unsubscribe to our newsletters

  3. object to automated decision making

  4. request rectification and modification of Personal Data kept by Union Bank

  5. request for deletion of your Personal Data

  6. be informed of and entitled to provide consent prior to the processing of Personal Data for purposes other than that for which the Personal Data were collected

  7. request that Union Bank restricts processing of your Personal Data

  8. request for information regarding any specific processing of your personal data


Changes to our Privacy Notice

Due to constant changes in technology and regulatory requirements, we may need to change our privacy policies or update this Notice from time to time. You will always be able to find the most recent version of our updated privacy policy on this site.

Contact & Communication

If you would like further information on this Notice, or if you wish to contact our Data Protection Officer, please write to us at Union Bank of Nigeria Plc, Stallion Plaza 36, Marina, Lagos, Nigeria or at dpo@[insertemailaddress]. You can also contact the National Information Technology Development Agency (NITDA) if you have any questions relating to the processing of your personal data by Union Bank.

General Information
































TitleUnion Bank Privacy Notice
StatusMandatory
Issuing DepartmentLegal
Distribution/Target AudienceAll employees, including contracted staff of Union Bank, customers, vendors/suppliers and the general public
ApproverManagement of Union Bank
Effective DateFebruary 2020
Version1.0

History - Union Bank of Nigeria (2024)

FAQs

What is the brief history of Union Bank of Nigeria? ›

Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria's long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

Is Union Bank the oldest bank in Nigeria? ›

Established in 1917, Union Bank of Nigeria, the second oldest bank in Nigeria has a total asset size of about N3. 65 trillion.

Which bank is the richest bank in Nigeria? ›

Full List Of Top 10 Most Capitalised Banks In Nigeria As Of Q3 2023:
  • Zenith Bank Plc 1,920.00 billion.
  • United Bank for Africa Plc: N1,778.79 billion.
  • Access Holdings Plc: N1,640.50 billion.
  • First Bank Holdings Plc:** N1,370.75 billion.
  • Ecobank Transnational Incorporated: N1,373.85 billion.

What happened to Union Bank of Nigeria? ›

Majority shareholders in Union Bank transferred an aggregate of 93.41% of the issued share capital of Union Bank held to Titan Bank. After receiving all regulatory approval, the transaction was completed in June 2022, and there was a subsequent change of control.

What is the history of bank in Nigeria? ›

The story of Nigerian banking begins in the early 20th century during the British colonial period. The first bank to operate in Nigeria was the African Banking Corporation, which opened its doors in Lagos in 1892, primarily to serve the colonial government and expatriate businesses.

Who is the real owner of GTBank? ›

Tajudeen Afolabi Adeola is a Nigerian businessman and investor. He is a Co-Founder of Guaranty Trust Bank (GTBank Plc.)., a member of the Commission for Africa, as well as founder and chairman of the FATE Foundation.

Who is the CEO of Union Bank of Nigeria? ›

Which bank is number one in Nigeria? ›

Zenith Bank was voted as Bank of the Year (Nigeria) in The Banker's Bank of the Year Awards 2020, Best Bank in Nigeria in the Global Finance World's Best Banks Awards 2020 and 2021, and Best Corporate Governance 'Financial Services' Africa 2020 and 2021 by the Ethical Boardroom.

Which bank came out first in Nigeria? ›

Established in 1894, First Bank is Nigeria's oldest bank. It started operations in Lagos as Bank of British West Africa (BBWA) until it changed its name to First Bank of Nigeria Limited in 1979. First Bank is a top player in Nigeria's banking industry recording ₦147 billion ($186 million) in profit before tax.

Which Nigerian banks are in the US? ›

UBA America is the only sub-Saharan African bank with an operational banking license in the U.S. We're based in New York City, a global financial center and clearing hub for the U.S. Dollar.

Who is the richest bank CEOs in Nigeria? ›

Here is a spotlight on the top-earning CEOs in the Nigerian banking industry and their profile.
  • #5. Ladi Balogun (FCMB) – N180 million.
  • #4. Oliver Alawuba (UBA) – N215 million.
  • #3. Demola Sogunle (Stanbic IBTC) – N245 million.
  • #2 Ebenezer Onyeagwu (Zenith Bank) – N285 million.
  • #1. Segun Agbaje (GTCo) – N446 million.
Oct 28, 2023

How old is Union Bank in Nigeria? ›

Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria's long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients.

How many branches does Union Bank have in Nigeria? ›

About Union Bank Plc.

The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.

Who just bought Union Bank? ›

U.S. Bancorp made an $8 billion deal to acquire MUFG Union Bank in September 2021 and closed the transaction last December.

What is the brief history of Unity Bank Nigeria? ›

It was granted license on 28th October, 1987 to carry on the business of commercial banking. It commenced full banking business operations on 28th October, 1988 and was converted to a Public Limited Liability Company on 8th September, 1992.

What is the brief history of First Bank of Nigeria? ›

Our History

Established in 1894, FirstBank was founded by Sir Alfred Jones, a shipping magnate from Liverpool, England. With its head office originally in Liverpool, the Bank commenced business on a modest scale in Lagos, Nigeria under the name, Bank of British West Africa (BBWA).

What is the mission statement of Union Bank of Nigeria? ›

Our Mission

We make lives better by delivering the simplest, smartest solutions and guaranteeing the best experience every time.

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