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CBN Approves Unity Bank, Providus Bank Merger - Business (4) - Nairaland

Nairaland ForumNairaland GeneralBusinessCBN Approves Unity Bank, Providus Bank Merger (23688 Views)

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Re: CBN Approves Unity Bank, Providus Bank Merger by livebullet(m): 7:13am On Aug 07, 2024
ZUBY77:
Now we have a new bank, and PRUNITY
UNIDENCE
Re: CBN Approves Unity Bank, Providus Bank Merger by Rajosh(m): 7:25am On Aug 07, 2024
Tjra:
You Fintech staff too dey like coded advertisements.

Weldone but as for me oo, I can only use una accounts for basic transactions and keep max of 100k at a time.

Make only tier 1 banks like GTB, FBN, Zenith, UBA & Access keep the rest.

Feel free to call me rusty old school cry. May we not be unfortunate abeg
baba you're not old school o. That's the best thing to do to avoid stories. I no get mind put pass 200k for opay.
Re: CBN Approves Unity Bank, Providus Bank Merger by MrDoGood(m): 7:25am On Aug 07, 2024
Jogs1900:
Don’t say what you don’t know…Unity bank has one of the best network infrastructure amongst banks in the country…
After sterling bank, unity bank is next with good network.


Apart from all these MFB
Re: CBN Approves Unity Bank, Providus Bank Merger by smogicesamson(m): 7:56am On Aug 07, 2024
Welcome the Unipro bank
Re: CBN Approves Unity Bank, Providus Bank Merger by thestreets(m):
.
Re: CBN Approves Unity Bank, Providus Bank Merger by tunde1200(m): 8:06am On Aug 07, 2024
Ejiakusmith:
If this providuse bank exist no body even know
They existed and very much reliable to bank with.

Also I be President Tinubu Fan kill me quickly and quote me and see what will happen to you now now.

Lol 😂🤣
Re: CBN Approves Unity Bank, Providus Bank Merger by Inosky: 8:14am On Aug 07, 2024
Many banks will go down or be merged. This I have seen.

Can CBN, FIND NIGERIANS MONEY RUNNING INTO HUNDREDS OF BILLIONS STOLEN BY MAXWELL ODUM OF MBA FOREX TRADING AND CAPITAL INVESTMENT?

This is where it concerns me please cry huh
Re: CBN Approves Unity Bank, Providus Bank Merger by sprints1: 8:14am On Aug 07, 2024
HeadNigga:
The merger may still not save the two banks...the best merger in the banking sector ever was diamond/access...two heavyweights

Some are quoting me saying diamond was weak but let me inform you that diamond brought something huge to the table; lots of customers and strategic branches. To diamond, customers na water at the point of merger
may the soul of wigwe rest in peace that was the best banking deal ever reminds of UBA and standard trust but this Access own na the best...
Re: CBN Approves Unity Bank, Providus Bank Merger by sprints1: 8:15am On Aug 07, 2024
Inosky:
Many banks will go down or be merged. This I have seen
I hope GT is not merging again I no wan see GT Agro bank those people merger dey one kind
Re: CBN Approves Unity Bank, Providus Bank Merger by sprints1: 8:18am On Aug 07, 2024
Most banks are gone they living on equity if you have money spread across all of them at this rate We are not safe... They purposely crash the stock market because of the america election coming in November the Government can never be trusted... That is the same way they will do with bitcoin
Re: CBN Approves Unity Bank, Providus Bank Merger by Odidigboigbo(m): 8:20am On Aug 07, 2024
Tjra:
You Fintech staff too dey like coded advertisements.

Weldone but as for me oo, I can only use una accounts for basic transactions and keep max of 100k at a time.

Make only tier 1 banks like GTB, FBN, Zenith, UBA & Access keep the rest.

Feel free to call me rusty old school cry. May we not be unfortunate abeg
Fintechs are maint for daily transactions, who saves his real fortune with Fintechs? The OP that is mentioning MoniePoint and Opay, can he save say 10m with any those Fintechs he mentioned? Which real business or company bank with Fintechs? Fintechs are for average Citizens.
Re: CBN Approves Unity Bank, Providus Bank Merger by commoditiesnig(m): 8:36am On Aug 07, 2024
Good for the banks
Re: CBN Approves Unity Bank, Providus Bank Merger by ambale(m): 8:58am On Aug 07, 2024
HeadNigga:
The merger may still not save the two banks...the best merger in the banking sector ever was diamond/access...two heavyweights

Some are quoting me saying diamond was weak but let me inform you that diamond brought something huge to the table; lots of customers and strategic branches. To diamond, customers na water at the point of merger
Infact I was surprised at that merger then cos I think diamond has a lot of stand then

The merger was really beneficial and well handled by both parties.
Re: CBN Approves Unity Bank, Providus Bank Merger by OlujobaSamuel: 9:08am On Aug 07, 2024
samijet:
Is a lie if you are a big merchant some fintech/MFB can give more than 40m.
Which of the fintech jare, you think it's all microfinance Bank that operates like AB that their target market is big capital finance, how many fintech you sabi even their branch address
Re: CBN Approves Unity Bank, Providus Bank Merger by Tradepunter2: 9:12am On Aug 07, 2024
mmadu4:
Opay and moniepoint is the future. all these banks are useless
Una mumu never do...... Keep fooling yourself and living in disillusion
Re: CBN Approves Unity Bank, Providus Bank Merger by sagitariusbaby(m): 9:22am On Aug 07, 2024
nedekid:
For real oh.
I am expecting stuff I ordered from AliExpress sef. Regular shopping with the card. Regular naira card, not any dollar card. My son uses his card with PayPal NG, he receives and sends payment.
great. They don't have a branch in my city yet so I will wait till the acquisition with Unitybank is done then I will open an account with them here.
Re: CBN Approves Unity Bank, Providus Bank Merger by nedekid: 9:41am On Aug 07, 2024
idahme:
Are you serious? This is interesting grin all these freebies are because you have their platinum card? Nice
Yes ohh.
Re: CBN Approves Unity Bank, Providus Bank Merger by bukatyne(f): 9:51am On Aug 07, 2024
REALretep:
[color=indigo]The name of the bank to be born from the merger shall be...
[/color]
It could be like Access/ Diamond Bank.

Retained Access's name with Diamond's logo
Re: CBN Approves Unity Bank, Providus Bank Merger by khreus(m): 10:15am On Aug 07, 2024
Basicend:
You are a small thinking child.

Issues of merger often occur within coherent concerns, that is, organizations with similar culture, values and models.

Have you seen the vast differences between the subject banks in terms of the above mentioned variables? That is an indication that this is a merger of sudden and urgent necessity. Most likely, a survival advised process from CBN.

You don't speak to people with emotions. Learn to be claiming down and widen your ideas.

How do you think one of the most sophisticated, fast pacing, and classy banks in Nigeria, will go and merge with a very slow growing, and one of the most technologically and infrastructure deficient banks. .

Pay a visit, and experience both banks and revert.

Useful link FYI:
https://www.thecable.ng/just-in-cbn-approves-bailout-for-merger-of-unity-providus-banks/amp/
It is you doing the juvenile thinking here. Calling unity "slow growing and infrastructure deficient" but you forgot we can count providus branches across nigeria and still have some few fingers to spare. Here, do a little research-read about Bank of the north and 8 others merger to form unity.
Re: CBN Approves Unity Bank, Providus Bank Merger by regenerateman(m): 10:33am On Aug 07, 2024
blacknp:
Reverse is the case, Providus swallowed Unity , like Titan swallowed Union Bank.

Hungry small Piranha fish, some chop old lethargic whale.
You are correct! This is one of thing that has been happening. Small banks taking over big banks. Standard Trust Bank (STB) took over UBA. They have to maintain the name 'UBA' bc of it's ubiquitous branch network and to deceive people. Access bank took over Intercontinental bank. Titan trus bank took over Union bank. Now providus is taking over Union bank.
Re: CBN Approves Unity Bank, Providus Bank Merger by AmericanIdiot(m): 11:18am On Aug 07, 2024
Zishot:
UBA and Standard trust bank nkor?
Access and intercontinental nkor?
Re: CBN Approves Unity Bank, Providus Bank Merger by AmericanIdiot(m): 11:30am On Aug 07, 2024
Tradepunter2:
Una mumu never do...... Keep fooling yourself and living in disillusion
Ndic only insures up to 300k for fintechs so let everybody tread lightly
Use gtb as your main bank and OPay for ur small small transactions
Re: CBN Approves Unity Bank, Providus Bank Merger by AmericanIdiot(m): 11:35am On Aug 07, 2024
Trueprophet91:
What about Oceanic Bank and ECOBANK?
What about Polaris and skye?
Re: CBN Approves Unity Bank, Providus Bank Merger by Tradepunter2: 2:17pm On Aug 07, 2024
AmericanIdiot:
Ndic only insures up to 300k for fintechs so let everybody tread lightly
Use gtb as your main bank and OPay for ur small small transactions
Please tell them..... The foolishness of Nigerians is amazing
Re: CBN Approves Unity Bank, Providus Bank Merger by Dminister(m): 6:15pm On Aug 07, 2024
Is fcmb still safe like this?
Re: CBN Approves Unity Bank, Providus Bank Merger by REALretep(m): 7:27pm On Aug 07, 2024
bukatyne:
It could be like Access/ Diamond Bank.

Retained Access's name with Diamond's logo
grin

Re: CBN Approves Unity Bank, Providus Bank Merger by Jidefido(m): 9:20am On Aug 08, 2024
olayinkajnr:
Trust that Providus Bank will fix this. I use the bank and they don't even have a branch in my location. They are very good and I'm sure they'll fix whatever issues Unity Bank is experiencing.
I have seen and heard good reviews about Providus Bank. I hope they will not disappoint especially with transfers (network issues)
Re: CBN Approves Unity Bank, Providus Bank Merger by olayinkajnr(m): 10:07am On Aug 08, 2024
Jidefido:
I have seen and heard good reviews about Providus Bank. I hope they will not disappoint especially with transfers (network issues)
It's been a year plus since I started using the bank. At no point did I have issues either with transfers, international card transactions or withdrawals.

In fact, the moment you open an account with them, they immediately allocate an account officer for you, and part of his responsibility is to call and introduce himself to you as your account officer.

I've never stepped foot in any of their branches. They don't have a branch here. All my correspondences with them have been via mail. Top notch bank if you ask me.
Re: CBN Approves Unity Bank, Providus Bank Merger by olayinkajnr(m): 10:09am On Aug 08, 2024
regenerateman:
You are correct! This is one of thing that has been happening. Small banks taking over big banks. Standard Trust Bank (STB) took over UBA. They have to maintain the name 'UBA' bc of it's ubiquitous branch network and to deceive people. Access bank took over Intercontinental bank. Titan trus bank took over Union bank. Now providus is taking over Union bank.
Titan Trust Bank take over of Union Bank have yet to be completed. There has been serious issues as regards that. The deal might not even get completed.
Re: CBN Approves Unity Bank, Providus Bank Merger by samijet: 10:49am On Aug 08, 2024
OlujobaSamuel:
Which of the fintech jare, you think it's all microfinance Bank that operates like AB that their target market is big capital finance, how many fintech you sabi even their branch address
I work with one of the biggest fintech/MFB in Nigeria and I disbursed 6.9m to one of my merchant last month and I will still give more this month. Don't say what u don't know the success of banking is no longer about physical location.
Re: CBN Approves Unity Bank, Providus Bank Merger by OlujobaSamuel: 11:17am On Aug 08, 2024
samijet:
I work with one of the biggest fintech/MFB in Nigeria and I disbursed 6.9m to one of my merchant last month and I will still give more this month. Don't say what u don't know the success of banking is no longer about physical location.
Bros you funny, comparing mfb to universal bank. Ok ooo
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