Enterprise Bank Limited
{{About|the Nigerian bank|the bank in Florida, United States|Enterprise Bank|the bank in the Philippines|Enterprise Bank, Inc.}}
{{Use dmy dates|date=April 2021}}
{{Infobox company |
name = Enterprise Bank Limited|
logo = |
type = Private|
slogan = |
foundation = 2011|
location = 143 Ahmadu Bello Way
Victoria Island, Lagos, Nigeria |
key_people = Sir. Ogala Osoka MFR
Chairman
Mary Akpobome
Ag. Managing Director & CEO|
num_employees = |
assets = US$1.63+ billion (NGN:261.1 billion) (2012)|
revenue = {{Profit}}Pretax:US$70.64 million (NGN:11.3 billion) (2012)|
industry = Financial services|
products = Loans, Checking, Savings, Investments, Debit Cards, Credit Cards|
homepage = [http://web.entbankng.com/ Homepage]
|predecessor = Spring Bank}}
Enterprise Bank Limited (EBL), also known as Enterprise Bank, was a commercial bank in Nigeria. It was licensed as a commercial bank by the Central Bank of Nigeria, the country's banking regulator.{{Cite web|url=http://www.cenbank.org/Supervision/finstitutions.asp|title=Central Bank of Nigeria:: All Financial Institutions|website=www.cenbank.org|language=en|access-date=2017-08-29}}
Overview
Enterprise Bank was a large financial services provider in Nigeria. {{asof|December 2012}}, the bank's total assets were estimated at US$1.63 billion (NGN:261.1 billion).{{Cite news|url=http://allafrica.com/stories/201309180714.html?viewall=1|title=Nigeria: Journey Towards the Sale of Enterprise Bank|date=2013-09-18|work=This Day (Lagos)|access-date=2017-08-29}} According to the bank's website, shareholders' equity was valued at approximately US$186.5 million (NGN:29.8 billion) in August 2011.{{Cite web|url=http://web.entbankng.com/Enterprise/AboutUs.aspx?Value=4|title=entbankng.com|website=web.entbankng.com|access-date=2017-08-29}}
History
Enterprise Bank was established in August 2011 through the acquisition of assets and certain liabilities from the now defunct Spring Bank, which had its commercial banking license revoked. EBL obtained a commercial banking license on 5 August 2011.{{Cite news|url=http://allafrica.com/stories/201108060011.html|title=Nigeria: Afribank, Spring Bank, Bank PHB Nationalised|last=Chima|first=Obinna|date=2011-08-06|work=This Day (Lagos)|access-date=2017-08-29}}
Ownership
{{asof|September 2013}}, all the assets of Enterprise Bank Limited were 100% owned by Asset Management Company of Nigeria (AMCON), a subsidiary of the Federal Government of Nigeria. In 2015, Heritage Banking Company Limited acquired Enterprise Bank after making an investment of ₦56 billion.{{cite web |url=https://www.vanguardngr.com/2015/08/cbn-court-approve-heritage-enterprise-banks-merger/ |date=26 August 2015 |author=Babajide Komolafe |title=CBN, Court approve Heritage, Enterprise banks merger |publisher=Vanguard Media Limited, Nigeria}}
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.{{Cite news|url=http://www.vanguardngr.com/2011/08/fg-appoints-mds-for-nationalised-banks/|title=FG appoints MDs for nationalised banks – Vanguard News|date=2011-08-08|work=Vanguard News|access-date=2017-08-29|language=en-US}}
See also
References
{{reflist}}
External links
- [http://web.entbankng.com/ Website of Enterprise Bank Limited]
- [http://www.cenbank.org/ Website of Central Bank of Nigeria]
- [http://www.vanguardngr.com/2011/08/fg-appoints-mds-for-nationalised-banks/ Federal Government Appoints Leaders of Nationalised Banks]
Category:Banks established in 2011