Union Bank of Nigeria Plc operates as a bank holding company, which provides investment, corporate, commercial and retail banking, as well as the provision of insurance, registrars, pension fund custodial, trusteeship, and asset management services. It operates through the following segments: Retail Bank, Commercial Bank, Corporate Bank, and Treasury. The Retail Bank segment provides deposit products, complementary white label and payroll driven asset products. The Commercial bank segment caters to loans and advances, equipment leasing, local purchase order financing, value chain products, trade financing The Corporate Bank segment offers transactional banking products, cash management solutions, trade, working capital finance, investment management, overdrafts and loans and advances. The Treasury segment is composed of a portfolio of products and services including issuance of short term notes, investment management, fixed income sales, and trading. The company was founded in 1917 and is headquartered in Lagos, Nigeria.