Enterprise Bank Limited
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Predecessor | Spring Bank |
| Founded | 2011 |
| Headquarters | 143 Ahmadu Bello Way Victoria Island, Lagos, Nigeria |
Key people | Sir. Ogala Osoka MFR Chairman Mary Akpobome Ag. 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) |
| Website | Homepage |
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.[1]
Overview
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).[2] According to the bank's website, shareholders' equity was valued at about US$186.5 million (NGN:29.8 billion) in August 2011.[3]
History
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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked.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.[4]
Ownership
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. In 2015, Enterprise Bank was acquired by Heritage Banking Company Limited after 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 29 August 2017.
- ^ "Nigeria: Journey Towards the Sale of Enterprise Bank". This Day (Lagos). 18 September 2013. Retrieved 29 August 2017.
- ^ "entbankng.com". web.entbankng.com. Retrieved 29 August 2017.
- ^ Chima, Obinna (6 August 2011). "Nigeria: Afribank, Spring Bank, Bank PHB Nationalised". This Day (Lagos). Retrieved 29 August 2017.
- ^ Babajide Komolafe (26 August 2015). "CBN, Court approve Heritage, Enterprise banks merger". Vanguard Media Limited, Nigeria.
- ^ "FG appoints MDs for nationalised banks – Vanguard News". Vanguard News. 8 August 2011. Retrieved 29 August 2017.