Enterprise Bank Limited

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Enterprise Bank Limited
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 IncreasePretax: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[edit]

Enterprise Bank is a large financial services provider in Nigeria. As of December 2012, 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[edit]

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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked.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[edit]

As of September 2013, 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.[5]

Governance[edit]

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[edit]

References[edit]

  1. ^ "Central Bank of Nigeria:: All Financial Institutions". www.cenbank.org. Retrieved 2017-08-29. 
  2. ^ "Nigeria: Journey Towards the Sale of Enterprise Bank". This Day (Lagos). 2013-09-18. Retrieved 2017-08-29. 
  3. ^ "entbankng.com". web.entbankng.com. Retrieved 2017-08-29. 
  4. ^ Chima, Obinna (2011-08-06). "Nigeria: Afribank, Spring Bank, Bank PHB Nationalised". This Day (Lagos). Retrieved 2017-08-29. 
  5. ^ "Nigeria: Journey Towards the Sale of Enterprise Bank". This Day (Lagos). 2013-09-18. Retrieved 2017-08-29. 
  6. ^ "FG appoints MDs for nationalised banks - Vanguard News". Vanguard News. 2011-08-08. Retrieved 2017-08-29. 

External links[edit]