Unity Bank PLC 2017 Annual Report with Sustainability Disclosures
The report highlights Unity Bank Plc's strategic actions during the 2017 financial year to resolve legacy issues, including selling N436 billion of legacy non-performing loans to achieve a zero percent NPL ratio. The bank fully wrote off over N16 billion in legacy merger goodwill, resulting in a net loss of N14.9 billion. On the sustainability front, the bank launched its Agency Banking model to promote financial inclusion and initiated a project to convert over 50 branches to renewable energy. Additionally, the bank invested over N63.8 million in corporate social responsibility initiatives across education, humanitarian aid, health, and environmental sectors.
Company: Unity Bank PLC
Sector: Finance & insurance
Country: Nigeria
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 223
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Unity Bank PLC
Annual Report
The report highlights Unity Bank Plc's strategic actions during the 2017 financial year to resolve legacy issues, including selling N436 billion of legacy non-performing loans to achieve a zero percent NPL ratio. The bank fully wrote off over N16 billion in legacy merger goodwill, resulting in a net loss of N14.9 billion. On the sustainability front, the bank launched its Agency Banking model to promote financial inclusion and initiated a project to convert over 50 branches to renewable energy. Additionally, the bank invested over N63.8 million in corporate social responsibility initiatives across education, humanitarian aid, health, and environmental sectors.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees