Bank PHB

{{Infobox company

| name = Bank PHB

| logo =

| traded_as = {{Nigerian Stock Exchange|PHB}}

| foundation = 2005

| location = Lagos, Lagos State, Nigeria

| key_people = Kola Abiola, Chairman[http://www.thenigerianvoice.com/nvnews/33587/1/four-core-investors-eye-bank-phb.html Kola Abiola Is Chairman of Bank PHB]
Cyril Chukwumah, Managing Director and Chief Executive Officer[http://allafrica.com/stories/201001220560.html Cyril Chukwumah is MD/CEO of Bank PHB]

| industry = Banking

| products = Loans, Credit Cards, Savings, Investments, Mortgages

| revenue = {{profit}} US$220 million (2008)[http://www.newvision.co.ug/D/8/220/679502/Orient_Bank Bank PHB Profits in 2008]{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}

| assets = US$6 billion+ (2008)

| num_employees =

| homepage = [http://www.bankphb.com Homepage]

| successor = Keystone Bank Limited[http://www.keystonebankng.com/aboutusde.php?p=59&mode=content About Keystone Bank Limited]

| defunct = August 5, 2011 [http://www.vanguardngr.com/2011/08/government-takes-over-three-rescued-banks/ FG takes over Afribank, Bank PHB, Spring Bank]

| predecessor = Platinum Bank Plc
Habib Nigeria Bank Plc

}}

Bank PHB, formerly known as Platinum Habib Bank, was a commercial bank in Nigeria. The bank was the fifth largest financial services provider in Nigeria.

[http://www.newvision.co.ug/D/8/220/679502/Orient_Bank Bank PHB is 5th Largest Bank in Nigeria]{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }} The bank's assets were valued in excess of US$6 billion.[http://www.bankphb.com/live/uploads/forms/2008_financials_summary.pdf Bank PHB Financials 2008]{{Dead link|date=December 2018 |bot=InternetArchiveBot |fix-attempted=yes }}

Key Officers

Francis Atuche- CEO /MD of Bank PHB{{Cite web|last=|first=|date=15 November 2016|title=Biographical Legacy and Research Foundation: Nigeria|url=https://blerf.org/index.php/biography/atuche-francis/|access-date=|website=}}

Bank PHB Group

Bank PHB was a member of the Bank PHB Group, headquartered in Lagos, Nigeria, with subsidiaries in the Gambia, Liberia, Nigeria, Sierra Leone and Uganda.

History

Bank PHB was formed in 2005 by the merger between Platinum Bank Plc and Habib Nigeria Bank Plc. Since its inception, the bank pursued a strategy of expansion by the acquisition and creation of subsidiaries within and without its home country of Nigeria. (See Bank PHB Group).

Failure and closure

On August 5, 2011, the Central Bank of Nigeria revoked the operating licence of BankPHB along with that of Afribank and Spring Bank as they had not shown capacity and ability to recapitalize before the September 30, 2011 recapitalization deadline.{{Cite web|url = http://nigeriavillagesquare.com/forum/main-square/64717-cbn-revokes-licenses-3-banks-afribank-spring-bankphb.html|title = CBN revokes the licenses of 3 banks [Afribank, Spring, BankPHB]|date = August 5, 2011|accessdate = August 28, 2014|website = Village Square|publisher = |last = Stanley|first = Oronsaye|archive-date = September 3, 2014|archive-url = https://web.archive.org/web/20140903131035/http://nigeriavillagesquare.com/forum/main-square/64717-cbn-revokes-licenses-3-banks-afribank-spring-bankphb.html|url-status = dead}}

Keystone Bank Limited{{Cite web|url = http://www.keystonebankng.com/aboutusde.php?p=59&mode=content|title = About Keystone Bank Limited|date = |accessdate = August 29, 2014|website = Keystone Bank|publisher = |last = |first = }}

was created on August 5, 2011, by taking over all the assets (including subsidiaries) and liabilities of the now defunct BankPHB, whose commercial banking license had been revoked on the same day.

References

External links

[https://web.archive.org/web/20090721161700/http://bankphb.com/ Bank PHB Homepage]
[https://web.archive.org/web/20160305181740/http://www.google.com/finance?q=NIG:PLATINUM Google Finance listing for Bank PHB]

Category:Companies listed on the Nigerian Stock Exchange

Category:Defunct companies based in Lagos

Category:Defunct banks of Nigeria

Category:Banks established in 2005

Category:2011 disestablishments in Nigeria

Category:Banks disestablished in 2011

Category:Nigerian companies established in 2005