| Foundation | 2011 |
|---|---|
| Location | 143 Ahmadu Bello Way Victoria Island, Lagos, Nigeria |
| Key people | Sir. Ogala Osoka MFR Chairman Mary Akpobome Ag. Managing Director & CEO |
| Assets | US$1.63+ billion (NGN:261.1 billion) (2012) |
| Revenue | Pretax:US$70.64 million (NGN:11.3 billion) (2012) |
| Industry | Financial services |
| Products | Loans, Checking, Savings, Investments, Debit Cards, Credit Cards |
| Homepage | Homepage |
| Predecessor | Spring Bank |
Enterprise Bank Limited (EBL), also known as Enterprise Bank, was a commercial bank in Nigeria. It was licensed as a commercial bank by the Central Bank of Nigeria, the country's banking regulator.[1]
Overview
Enterprise Bank was a large financial services provider in Nigeria. As of December 2012, the bank's total assets were estimated at US$1.63 billion (NGN:261.1 billion).[2] According to the bank's website, shareholders' equity was valued at approximately US$186.5 million (NGN:29.8 billion) in August 2011.[3]
History
Enterprise Bank was established in August 2011 through the acquisition of assets and certain liabilities from the now defunct Spring Bank, which had its commercial banking license revoked. EBL obtained a commercial banking license on 5 August 2011.[4]
Ownership
As of September 2013, all the assets of Enterprise Bank Limited were 100% owned by Asset Management Company of Nigeria (AMCON), a subsidiary of the Federal Government of Nigeria. In 2015, Heritage Banking Company Limited acquired Enterprise Bank after making an investment of ₦56 billion.[5]
Governance
The chairman of the board of directors of Enterprise Bank Limited is Sir Ogala Osoka MFR. The managing director and chief executive officer of the bank is Ahmed Kuru.[6]
See also
References
- ^ "Central Bank of Nigeria:: All Financial Institutions". www.cenbank.org. Retrieved 2017-08-29.
- ^ "Nigeria: Journey Towards the Sale of Enterprise Bank". This Day (Lagos). 2013-09-18. Retrieved 2017-08-29.
- ^ "entbankng.com". web.entbankng.com. Archived from the original on 29 October 2013. Retrieved 2017-08-29.
- ^ Chima, Obinna (2011-08-06). "Nigeria: Afribank, Spring Bank, Bank PHB Nationalised". This Day (Lagos). Retrieved 2017-08-29.
- ^ Babajide Komolafe (26 August 2015). "CBN, Court approve Heritage, Enterprise banks merger". Vanguard
- ^ "FG appoints MDs for nationalised banks – Vanguard News". Vanguard. 2011-08-08. Retrieved 2017-08-29.
External links
- Website of Enterprise Bank Limited Archived 26 January 2012 at the Wayback Machine
- Website of Central Bank of Nigeria
- Federal Government Appoints Leaders of Nationalised Banks