Enterprise Bank Limited
|Headquarters||143 Ahmadu Bello Way |
Victoria Island, Lagos, Nigeria
|Sir. Ogala Osoka MFR|
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)|
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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked.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. In 2015, Enterprise Bank was acquired by Heritage Banking Company Limited after an investment of ₦56 billion.
- "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. 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 Media Limited, Nigeria.
- "FG appoints MDs for nationalised banks - Vanguard News". Vanguard News. 2011-08-08. Retrieved 2017-08-29.