Union Bank UK is acquired by Fidelity Bank.

In June 2022, Fidelity Bank disclosed that it has signed a contract to acquire a 100% equity stake in Union Bank UK.

The bank disclosed this information in a corporate filing on the Nigerian Exchange Limited floor (NGX).

The bank claimed that it received a "No Objection" letter from CBN in order to move through with the transaction.

In 1983, Union Bank UK began operations in order to provide services like personal banking, trade finance, treasury management, and structured trade and commodities financing.

After Titan Trust Bank acquired the bank's Nigerian division, the situation changed.