Who Owns Titan Trust Bank Plc? Brains Behind the new bank that Bought Union bank
Who Owns Titan Trust Bank Plc? Brains Behind the new bank that Bought Union bank. If you are among those who are eager to know about the new commercial bank that just acquired Union Bank of Nigeria – one of the oldest banks in Nigeria, here are all the details you need to know. The first question that came to my mind when I heard about the new development is Who owns Titan Trust Bank PLc?
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Read: Who is Tunde Lemo – Biography and Life History of the Nigerian Banker
Tunde Lemo is the main brain behind the Titan Trust Bank Plc. He is the owner and the founder. He is the chairman of Titan Trust Bank. Tunde Lemo is a Nigerian banker and former deputy governor of, Central Bank of Nigeria (CBN). He also chairs Flutterwave, an African-based fintech company.
Titan Trust Bank was established on the 12th of December, 2018, and started operating fully as a commercial National Bank after obtaining its National Banking license on the 26th of April, 2019.​
Titan Trust Bank Limited was established on the 12th of December, 2018, and obtained its National Banking license on the 26th of April 2019, to operate as a commercial bank with national authorization.​
Titan Trust Bank’s license is the first National Banking license that the Central Bank of Nigeria has granted in the last ten years.​ The Bank was formed to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs, and corporate institutions.
Who Owns Titan Trust Bank Plc? Brains Behind the new bank that Bought Union bank
Titan Bank is a newly formed national commercial bank that is making a wave in the line of banking in Nigeria currently. Aside from Tunde Lemo, the Chairman, there are other brains behind the success of the bank. One of them is the beautiful lady who is the current Executive Director of the newly created branch in Kano State. Her name is Dr. (Mrs.) Adaeze Udensi.
She is also one of the brains behind Titan Bank Plc. Dr. Mrs. Adaeze Udensi, the ED of Titan Bank, Kano Branch. According to the source, she is one of the brains behind the giant strides of the 2-years-old bank that bought over Union Bank PLC, a 104-yr old bank.
What type of Bank is Titan Trust Bank?
Titan Trust Bank falls under the category of the Nigeria Commercial Banks. That is, it can be equated with the likes of Access Bank Plc, GT Bank, First Bank, Zenith Bank, and others. This means to say that the new bank has met with the rules of the requirements of the Central Bank of Nigeria of becoming a Commercial bank and the required reserves.
Therefore, Titan Bank is one of the newest national commercial banks in Nigeria. The lender commenced operation in October 2019 with a strong capital base and has demonstrated precision in the execution of its strategy by showing tremendous growth, even in difficult times.
Where are the headquarter and the Branches of Titan Trust bank Located in Nigeria?
The headquarter of Titan Bank is located in Lagos State. The address is TITAN TRUST BANK LIMITED PLOT 1680 SANUSI FAFUNWA STREET, VICTORIA ISLAND Nigeria.
Here are other branches in Nigeria owned by the new national commercial bank;
Titan Trust Bank Branches
- Oshodi Mini POD Branch
1 TGI Close, Off Oworonshoki-Oshodi Expressway, Ilupeju. Lagos State.
- Obanikoro Mini POD
Cash Center
Romson Building, 203 Ikorodu Road. Lagos State.
- Ikeja POD
Branch               Â
53 Allen Avenue, Ikeja. Lagos State.
- Port Harcourt Flagship
Branch
Plot 5, Olusegun Obasanjo Road. Rivers State.
- Apapa
Branch
17, Burma Road, Apapa. Lagos State.
Last month in November 2021, Titan opened a new branch in Kano State. The newly commissioned ultra-modern branch is located at 73, Murtala Muhammed Way, Kano.
Titan Trust Bank PLc Swift Code
For those who will like to know about the swift code of the Titan trust Bank PLc. Swift Code for Titan bank is “TTRUNGLAXXX”. Note: XXX stands for the 3 digits number of the branch you want to transact with.
Summary
Who Owns Titan Trust Bank Plc? Brains Behind the new bank that Bought Union bank. We told you that Tunde Lemo is the main brain behind Titan Trust bank. He is the chairman and the founder. We also mentioned Dr (Mrs) Adaeze Udensi who has just assumed the office of the Executive Director in the bank’s newly opened ultramodern branch in Kano State.
