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Table of Contents… `
• About Us
• Our Origin
• About Us
• Distribution of Branches by States
• Business Strategy
• Strategic Focus
• Growth Strategy
• Business Drivers
• Our Board
• Management Team
• Financial Performance
• Key Financial Highlights
• Key Ratios
• Milestones Achieved
• Outlook
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ABOUT US
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• Unity Bank came into being in January 2006 as a result of a merger of nine financial institutions with competences in investment banking, corporate and retail banking.
Our Origin…
Bank of the North
Centre Point Bank Plc
Intercity Bank Plc
New Africa Bank Plc
Societe Bancaire Plc
Pacific Bank Plc Tropical
Commercial Bank Plc
First Interstate Bank Plc
New Nigeria Bank
Unity Bank Plc
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About Us…
• “To be Nigeria’s Retail Bank of Choice” VISION
• “Creating Superior Wealth for our Stakeholders”
MISSION
• Teamwork, Resourcefulness, Integrity, Dependability &
Empathy
CORE VALUES (TRIDE)
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About Us…
Geographical Coverage • We are present in all the States of
the federation.
Credit Rating • ‘A3’ by GCR
Corresponding Banks Details • For USD – Deutsche Bank Trust
Company Americas • For GBP – Habibson Bank LTD, 9
Portman Street London • For EUROS – Deutsche Bank AG,
Frankfurt
Channels • 238 Branches • 16 Cash Centers • 277 ATMs • 1084 POS • Customer Care Centre
Core Banking Solution “BANKS”
No of Employees 2354 Staff
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Distribution of Branches by States…
7
3
17
4
2
4 4
1
7 6
1
11
1
8
2
4
1 1
11
17
20
6 5
6
3
32
5
8
1
4
1 2
6
9 8
2 3 3
0
5
10
15
20
25
30
35
AB
IA
AB
UJA
AD
AM
AW
A
AK
WA
IBO
M
AN
AM
BR
A
BA
UC
HI
BA
YELS
A
BEN
UE
BO
RN
O
CR
OSS
RIV
ER
DEL
TA
EBO
NYI
EDO
EKIT
I
GO
MB
E
EBN
UG
U
IMO
JIG
AW
A
KA
DU
NA
KA
NO
KA
TSIN
A
KEB
BI
KO
GI
KW
AR
A
LAG
OS
NA
SSA
RA
WA
NIG
ER
OG
UN
ON
DO
OSU
N
OYO
PLA
TEA
U
RIV
ERS
SOK
OTO
TAR
AB
A
YOB
E
ZAM
FAR
A
BUSINESS STRATEGY
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9
Strategic Focus…
Our Growth Strategy is strictly that of operational efficiency derived from our
business model and strategic intent.
This will result in improvement in all key indices as already shown in our
2014 result
The growth is expected to continue in the foreseeable future
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Growth Strategy...
Business Drivers…
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Process
Procedures
People
Thomas Etuh (Chairman)
Aminu Babangida (Vice Chairman)
Hakeem Shagaya (Non-Executive Director)
Dr Oluwanfunsho Obasanjo (Non-Executive Director)
Richard G. Asabia (Non-Executive Director)
Henry J.Semenitari (Managing Director/CEO)
Ahmed Yusuf (Executive Director)
Aisha Abraham (Executive Director)
Abubakar A. Bello (Executive Director)
Dahiru Chadi (Executive Director)
Tomi Somefum (Executive Director)
Priya Heal (Non-Executive Director)
Dauda Iliya (Non-Executive Director)
Yabawa Wabi (Non-Executive Director)
Sam Okagbue (Non-Executive Director)
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Our Board...
From left to Right:
Management Team…
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S/NO. EXECUTIVE POSITION PROFILE SUMMARY
1 HENRY JAMES
SEMENITARI
MD/CEO - B. Eng., MBA
- Harvard Business School Alumni
- University of Cambridge Alumni
- Over 26 years banking experience with
different banks.
2 AHMED YUSUF ED, ABUJA & NORTH CENTRAL - B.Sc.
- President, Risk Managers Association of
Nigeria
- More than 26 years working experience
3 ABUBAKAR ABBA BELLO ED, NORTH WEST - B.Sc.
- Chartered Banker
- Alumni of various Leadership & Mgt.
Institutes
- Over 23 years banking experience
4 DAHIRU CHADI ED, NORTH EAST - B. Sc., MBA
- Alumni of various Professional Bodies
- Over 25 years banking experience.
5 AISHA ABRAHAM ED, SECRETARIAT & SERVICES - LLB/BL
- Chartered Banker
- Member, Institute of Directors
- Member, Institute of Credit Admin.
- Over 28 years working experience
Management Team…
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S/NO. EXECUTIVE POSITION PROFILE SUMMARY
6 TOMI SOMEFUN ED, LAGOS & WEST - B. Ed
- Fellow, Institute of Chartered Accountants of
Nigeria.
- Harvard Business School Alumni
- University of Columbia Business School, New York
Alumni.
- INSEAD Fontainebleau, France Alumni
- Over 25 years working experience.
7 PATRICIA AHUNANYA CHIEF FINANCIAL OFFICER/GROUP
HEAD, FINANCE & STRATEGY
- B.Sc.
- Certified Chartered Accountant (ICAN)
- Certified Member, Chartered Institute of Taxation
(CITN)
- Over 18 years working experience
8 UMAR MOHAMMED
ADAMU
GROUP HEAD, COMPLIANCE - LLB/BL
- IBA
- Member, Nigerian Institute of Management
- Over 26 years working experience.
9 BONAVENTURE OKHAIMO GROUP HEAD, OPERATIONS & IT - LLB/BL
- PGD/MBA
- Alumni of various Professional bodies
- Over 20 years banking experience (local & Int’l)
10 SUNNY BAKWUNYE GROUP HEAD, TREASURY - B.Sc.
- MBA
- Associate Member, Certified Institute of Pension
- Various Courses on leadership and treasury
management
- Over 17 years working experience.
Financial Performance
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KEY FINANCIAL HIGHLIGHTS…
DECEMBER
2012 DECEMBER
2013 DECEMBER
2014
N'000 N'000 N'000
TOTAL ASSETS
395,720,180 403,629,290 413,305,111
TREASURY ASSETS 86,615,302 116,046,468 106,852,498
LOANS & ADVANCES
189,041,345 195,229,573 219,335,346
DEPOSIT
270,060,046 303,270,560 277,025,613
SHAREHOLDERS FUND
51,457,682 28,212,639 76,263,995
GROSS EARNINGS
53,760,353 62,827,927 77,071,490
PROFIT BEFORE TAX
6,456,727 (33,639,368) 13,639,391
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KEY RATIOS…
0%10%20%30%40%50%60%70%80%
2012 2013 2014 IndustryAverage
Net Interest Margin Evolution
0%
50%
100%
150%
200%
250%
300%
2012 2013 2014 IndustryAverage
Cost Income Ratio
• NIM has shown steady improvements over the last three years. • Liquidity position is stabilising • Significant drop in costs, illustrating efficiency gains.
Profit Before Tax/Gross Earnings
-60%
-40%
-20%
0%
20%
40%
2012 2013 2014 IndustryAverage
-8%
-6%
-4%
-2%
0%
2%
4%
6%
2012 2013 2014 Industtryaverage
Return on Assets
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KEY RATIOS… Return on Average Equity
Shareholders Funds
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
FY 2012 FY 2013 FY 2014
Cost of Funds
Liquidity Ratio Evolution
• Liquidity position is improving • Shareholders funds appreciated after our successful capital raise in 2014.
-70%
-60%
-50%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
2012 2013 2014
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
45.00%
50.00%
2012 2013 2014
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
2012 2013 2014
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E-CHANNELS ACTIVITIES
DECEMBER
2012 DECEMBER
2013 DECEMBER
2014
VOLUME VOLUME VOLUME
POS
3,774.68
17,529.00
75,393.00
ATM
1,317,270.13
3,593,006.20
5,722,402.00 INTERNET BANKING
42,553.00
55,129.00
37,502.00
Milestones Achieved…
The Bank was recognized as one of the top 100 businesses in Nigeria by the Federal Government.
We successfully completed our Rights Issue and Special Placement of about N40billion. The offer was oversubscribed.
The Bank has joined the Nigerian Stock Exchange 30 index (NSE30)
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Milestones Achieved…
Weighted Average Cost of Funds improved to 5.4% in 2014, from 8% in 2013, on account of the growth in low cost deposits.
The Bank recorded a tremendous growth from a loss position of N33.64 billion as at December 2013 to a profit position of N13.6 billion before tax as at 31st December 2014.
The Bank also recorded improvement of 219% in operational efficiency with a cost-to-income ratio reduction from 284% as at December 2013 to 69% as at 31st December 2014.
Business Day Newspapers also recognized the MD/CEO as one of the Top 25 CEOs of Quoted Companies in Nigeria for the 2014 Financial Year
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Milestones Achieved…
Our MD/CEO bagged the award of Banker of the Year 2014 by Leadership Newspaper.
The Bank was awarded as the Best Regional Enterprise for the year 2014 by Europe Business Assembly, Oxford, Great Britain and the Institutes of Directors, London, UK
The MD/CEO was conferred Manager of the Year Award by Europe Business Assembly, Oxford, Great Britain and the Institutes of Directors, London, UK
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Outlook
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3 YEARS (2015-2017) FINANCIAL PROJECTIONS
2015 2016 2017 N'000 N'000 N'000
Loans & Advances
228,726,939
250,455,998
282,764,822
Total Assets
441,022,412
527,898,514
600,504,797
Total Deposit
352,438,278
380,541,745
423,559,027
Shareholders Funds
93,339,582
113,671,531
138,311,033
Gross Earnings
76,261,172
88,524,012
109,489,469
Profit Before Taxation
20,261,403
26,133,541
30,413,598
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FINANCIAL PROJECTIONS – Performance Ratios
2015
Net Interest Margin 70%
Return on Equity 23%
Return on Assets 4%
Cost of Funds 5%
Cost To Income Ratio 60%
Liquidity Ratio 40%
Capital Adequacy 10%
NPL Ratio 10%
Website: www.unitybankng.com
HEAD OFFICE:
Unity Bank Plc. Plot 785, Herbert Macaulay Way, Central Business District Abuja, FCT.
Telephone: +234 (0) 7080666030
HEAD OFFICE ANNEX
Unity Bank Plc., Plot 290A, Akin Olugbade Street, Lagos State.
Telephone: 01-4619201-4,01-2703321-4
Email: [email protected]
Also, Connect with us on social media
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Contact Information
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Thank you
