| Enterprise Bank Limited | |
| Type: | Private |
| Foundation: | 2011 |
| Key People: | Sir. Ogala Osoka MFR Chairman Mary Akpobome Ag. Managing Director & CEO |
| Assets: | US$1.63+ billion (NGN:261.1 billion) (2012) |
| Revenue: | Pretax:US$70.64 million (NGN:11.3 billion) (2012) |
| Industry: | Financial services |
| Products: | Loans, Checking, Savings, Investments, Debit Cards, Credit Cards |
| Homepage: | 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.[1]
Enterprise Bank was a large financial services provider in Nigeria., the bank's total assets were estimated at US$1.63 billion (NGN:261.1 billion).[2] According to the bank's website, shareholders' equity was valued at approximately US$186.5 million (NGN:29.8 billion) in August 2011.[3]
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.[4]
, 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.[5]
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]