Union Bank Promotes 24% of Staff in Biggest Boost in a Decade

Union Bank of Nigeria Plc has announced the promotion of approximately 24 percent of its employees, the highest rate recorded by the institution in the last ten years. The announcement follows the conclusion of the bank’s annual staff performance review and appraisal exercise.

The promotions, which cut across multiple departments, were awarded to individuals who demonstrated exceptional performance, integrity, and alignment with the bank’s core values and business objectives.

In a statement issued on Monday, the bank’s Managing Director and Chief Executive Officer, Yetunde Oni, described the development as a reflection of Union Bank’s commitment to rewarding excellence and fostering a high-performance culture.

“At Union Bank, we are steadfast in our mission to reimagine what is possible for our customers, our communities, and ourselves as professionals,” Oni said. “These promotions not only recognise individual excellence but also affirm our ongoing commitment to rewarding those who consistently contribute to our shared ambitions.”

Union Bank said the assessment process was guided by a robust and transparent performance management system designed to identify top performers and support long-term career development.

With this move, the bank continues to position itself as an industry leader in talent recognition and employee growth. It reiterated its commitment to maintaining high standards of professionalism and accountability while creating opportunities for staff advancement.

Analysts say the record-setting promotion exercise could bolster staff morale and improve productivity across the organisation, especially as the financial services sector navigates evolving regulatory and economic pressures.

Founded in 1917, Union Bank remains one of Nigeria’s most enduring financial institutions. The bank’s latest milestone reflects not just an internal achievement, but a strategic investment in the future of its workforce and long-term stakeholder value.