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PROFILE

UNION BANK OF NIGERIA PLC

Stallion Plaza 36
Marina, Lagos
Nigeria
Phone: 012716800
Fax:
Web Site:

DETAILS

Index Membership:	Nigerian Stock Exchange
Sector:	Financials
Industry:	Banking
Full Time Employees:	0

CORPORATE GOVERNANCE

KEY EXECUTIVES

	Pay	Exercised
Richard Kramer, Chairman	$	$

Emeka Emuwa, CEO	$	$

Adekunle Mickey Adeosun, Executive Director	$	$

Philip C Ikeazor, Executive Director	$	$

BUSINESS SUMMARY

Union Bank of Nigeria Plc is one of the oldest banks of Nigeria tracing its history back to 1917 as a colonial bank. It was a subject of an equity injection of USD 500 million by a Union Global Partners Limited in December 2011 following the financial crisis. Union bank returned to profitability in 2012. Currently, the Bank is primarily owned by UGPL (65%) and AMCON (20%) and a diverse group of shareholders that account for the balance (15%). Union Global Partners Limited comprises African Capital Alliance, ADC African Development Corporation, Corsair Capital, Netherlands development finance company and The Chandler Corporation.

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