Fresh from its recent merger deal, the ProvidusUnity Bank has announced official commencement of operations as a single banking institution.

The new bank disclosed that it has completed all regulatory approvals, shareholder endorsements and judicial processes required to consummate the business combination, creating a larger, better-capitalised institution with nationwide reach and enhanced capacity to finance households, businesses and strategic sectors of the economy.

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The integration combines Providus Bank’s strengths in digital innovation, customer-focused banking and technology-driven services with Unity Bank’s extensive branch network and longstanding presence across Nigeria, particularly in underserved markets.

ProvidusUnity Bank said the enlarged institution is positioned to deepen financial inclusion, expand access to credit and mobilise long-term financing required to support Nigeria’s ambition of building a $1 trillion economy.

“This combination creates a stronger platform capable of serving customers more effectively while contributing meaningfully to national economic development,” the bank said in a statement announcing the commencement of unified operations.

The bank said the transaction aligns with broader reforms within Nigeria’s financial sector designed to strengthen institutional resilience, protect depositor confidence, improve competitiveness and create financial institutions with sufficient scale to finance economic transformation.

ProvidusUnity Bank, in the statement, further expressed appreciation to the Central Bank of Nigeria (CBN) for its leadership throughout the transaction, describing the regulator’s role as instrumental in strengthening the country’s banking system. The bank also thanked shareholders, customers, employees and other stakeholders whose support enabled the successful completion of the merger.

The bank assured its customers of experiencing continuity throughout the transition as operational integration progresses, resulting in a more seamless and consistent banking experience.

“For employees, the merger represents organisational stability and expanded career opportunities. ProvidusUnity Bank said it remains committed to retaining talent, preserving institutional knowledge and building a stronger workforce capable of supporting the enlarged franchise,” it stated.