Enterprise Bank Limited – Reviews and Ratings

4

Full Review

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.

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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked. Enterprise Bank Limited (EBL) received a license to operate as a commercial bank from the Central Bank of Nigeria (CBN) on August 5, 2011.

The bank has a capital base of N29.8 billion and an asset base of about N280 billion. This immediately gives the new bank a strong competitive edge among the various strong banks in the country.

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.

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). The bank’s shareholders’ equity was valued at about US$186.5 million (NGN 29.8 billion) in August 2011

With a vision to be the preferred bank for value creation and a mission to delight stakeholders through a highly motivated workforce using innovative solutions, EBL looks set for solid growth and eventual emergence as one of the most efficient banks in Nigeria.

The core values of Enterprise Bank is explained by a “new” SPIRIT

S – Service Excellence

P – Professionalism

I – Innovation

R – Respect for Individual

I – Integrity

T – Teamwork

Quick Review

Type:                    Private

Industry:             Financial Services

Founded:            2011

Headquarters:  143 Ahmadu Bello Way, Victoria Island, Lagos, Nigeria

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)

Website:              http://web.entbankng.com/

Contacts:             0700entbank, 0700 368 2265

Email                    enquiries@entbankng.com, customerservice@entbankng.com

 

Here’s another review from Shoparazza

Categories: Bank Reviews