Titan Trust Bank

What Titan Trust Bank does

Titan Trust Bank Limited is a privately held Nigerian commercial bank founded in 2018 and headquartered in Lagos. The company acquired an 89.4% controlling stake in Union Bank of Nigeria Plc in December 2021, subsequently completing full operational integration by January 2026 as part of the Central Bank of Nigeria's recapitalization exercise. The combined entity operates one of Nigeria's most extensive banking franchises, anchored by Union Bank's 109-year operating heritage and a national branch network augmented by digital and agent banking channels.

The bank delivers retail, SME, corporate, and specialized banking services through a multi-channel platform. Digital channels include UnionOnline (internet banking), UnionMobile (iOS/Android app), Union360 (corporate internet banking), TTBCorporate (Titan Trust corporate portal), and *826# USSD banking for non-smartphone customers. Sub-brands such as UnionBiz (SME banking), αlpher (women-focused banking), M36, and SpaceNXT (digital innovation) extend the product surface across customer segments and life stages. Lending products span personal loans, mortgages, SME loans, agribusiness financing, and corporate credit facilities, complemented by remittance and transaction banking services.

Revenue is generated through traditional banking streams: net interest income from lending activities (personal loans, mortgages, SME and corporate credit), transaction fees on electronic banking, wire transfers, and account maintenance, and fees from international and domestic remittance services. The bank operates under a CBN banking license and is subject to the N200 billion minimum capital requirement, with a $300 million Afreximbank facility supporting its balance sheet. The GTM motion combines enterprise field sales for corporate clients with self-serve digital channels for retail and SME customers, supplemented by an agent banking network for underserved areas.

Name

Titan Trust Bank

Legal name

Titan Trust Bank Limited

Website

https://titantrustbank.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Titan Trust Bank is a privately held Nigerian commercial bank that acquired and integrated Union Bank of Nigeria, serving retail, SME, corporate, and agribusiness customers through a national branch network and digital banking platforms including UnionOnline, UnionMobile, Union360, and USSD.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Retail banking services
• Commercial lending products
• Digital banking platforms
• SME banking solutions
• International remittance services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including personal loans, mortgages, and business/corporate lending
2. Transaction Banking Fees: Fees from electronic banking transactions, wire transfers, payment processing, and account maintenance services
3. Remittance Services: International and domestic money transfer services generating transaction fees

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

Titan Trust Bank, through its merged entity with Union Bank of Nigeria, provides personal and business banking services in Nigeria including savings accounts, current accounts, domiciliary accounts, target savings, kids/teens accounts, premium Elite and Royalty banking, personal loans, mortgages, SME loans, corporate banking, agribusiness financing, international remittances, and women-focused banking via the αlpher initiative. Customers access these services through physical branches, UnionOnline internet banking, UnionMobile apps, Union360 and TTBCorporate portals, *826# USSD, ATMs, and agent banking points across Nigeria.

Differentiator

Problem solved

Functional benefit

Products and services

• UnionOnline

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Union Bank of Nigeria PlccoreStrategic or Co-development Partner · 23 December 2021Titan Trust Bank acquired 89.4% stake in Union Bank of Nigeria in December 2021. The transaction involved sale of 88.39% of Union Bank to Titan Trust, subject to regulatory approvals. The two banks later completed their merger integration, with Titan Trust becoming the parent entity of the combined institution.
• Central Bank of Nigeria (CBN)coreStrategic or Co-development PartnerCBN serves as the regulatory authority overseeing Titan Trust Bank and Union Bank. The apex bank conducted a forensic audit, dissolved Union Bank's board in January 2024 citing regulatory breaches, and is managing the bank's recapitalization process requiring N200 billion minimum capital.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sterling Bank Plc: Nigerian commercial bank offering retail, SME, and corporate banking with focus on digital transformation and sector-specific lending (health, agriculture, education). Comparable in target segments and digital innovation roadmap.
• Zenith Bank Plc: Tier-one Nigerian commercial bank providing corporate, retail, and SME banking services including internet and mobile banking. Highly comparable in scale, product mix, and listed-bank regulatory standing to the merged Titan Trust-Union Bank entity.
• Access Bank Plc: Major Nigerian commercial bank with strong retail and digital banking and a growing pan-African footprint. Comparable in customer segments, channel mix, and post-recap capital positioning to Titan Trust-Union Bank.
• United Bank for Africa (UBA): Pan-African commercial bank with dominant Nigerian retail and corporate operations plus regional presence. Directly comparable in omni-channel (digital + branch) banking and SME focus.
• Ecobank Nigeria: Nigerian arm of the Ecobank pan-African group offering retail, SME, and corporate banking with strong digital channels. Comparable in diversified segments and cross-border trade finance capabilities.
• First Bank of Nigeria (FBN Holdings): Nigeria's oldest bank with the largest retail deposit base, offering personal, SME, and corporate banking. Highly comparable to Union Bank's mass-market retail and branch-led model that Titan Trust has acquired.
• Guaranty Trust Bank (GTBank): One of Nigeria's leading commercial banks offering retail, SME, and corporate banking with strong digital channels. Directly comparable to Titan Trust/Union Bank across customer segments, revenue model, and distribution footprint in the same Nigerian market.
• Wema Bank (including ALAT): Nigerian commercial bank notable for its digital-first ALAT brand and strong retail/SME focus. Comparable as a competitor for digital-savvy retail and SME customers in the Nigerian market.
• Fidelity Bank Plc: Mid-tier Nigerian commercial bank focused on retail, SME, and corporate banking. Comparable in target segments including SME lending and digital banking adoption.
• Stanbic IBTC Bank (Stanbic IBTC Holdings): Nigerian commercial bank (subsidiary of Standard Bank Group) offering personal, business, and corporate banking with strong transaction banking capabilities. Comparable in corporate and SME lending plus digital channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/titantrustbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Titan Trust Bank