Industry Financial Services Type of business Private | Website Homepage Founded 2011 | |
Key people Sir. Ogala Osoka MFRChairmanMary AkpobomeAg. 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.
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Overview
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). According to the bank's website, shareholders' equity was valued at about US$186.5 million (NGN:29.8 billion) in August 2011.
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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked.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.
Ownership
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.
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 .