Enterprise Bank Limited
|Headquarters||143 Ahmadu Bello Way
Victoria Island, Lagos, Nigeria
|Key people||Emeka Onwuka
Managing Director & CEO
|Products||Loans, Checking, Savings, Investments, Debit Cards, Credit Cards|
|Revenue||Pretax:US$70.64 million (NGN:11.3 billion) (2012)|
|Total assets||US$1.63+ billion (NGN:261.1 billion) (2012)|
Enterprise Bank Limited (EBL), also referred to as Enterprise Bank, is a commercial bank in Nigeria. It is licensed as a commercial bank by the Central Bank of Nigeria, the country's banking regulator.
Enterprise Bank is a large financial services provider in Nigeria. As of December 2012[update], the bank's total assets were estimated at about US$1.63 billion (NGN:261.1 billion). According to the bank's website, shareholders' equity was valued at about US$186.5 million (NGN:29.8 billion) in August 2011.
Enterprise Bank was formed in August 2011 by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked. EBL was issued a commercial banking license on 5 August 2011.
As of September 2013[update], the assets of Enterprise Bank Limited are 100% owned by Asset Management Company of Nigeria (AMCON), an arm of the Federal Government of Nigeria. Plans are underway to sell the shares of the bank to a private financial entity or consortium, and for AMCON to divest its ownership entirely in 2014.
- Website of Enterprise Bank Limited
- Website of Central Bank of Nigeria
- Federal Government Appoints Leaders of Nationalised Banks