Skye Bank Plc. – Reviews and Ratings


Full Review

Skye Bank Plc., is also known as Skye Bank, it is a commercial bank based in Nigeria. Skye Bank Plc. is one of the twenty-six commercial banks licensed by the Central Bank of Nigeria.

Skye Bank is a large financial services provider in West Africa and Central Africa. With headquarters in Nigeria, the bank maintains subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola and Equatorial Guinea.

Skye bank’s total assets as of September 2010, were valued in excess of US$3.9 billion (NGN 611.5 billion), with shareholders’ equity of approximately US$ 630 million (NGN 98.4 billion).

The origins of Skye Bank date back to 1989 when Prudent Bank Plc., was incorporated as a limited liability company. In 1990, the bank was issued a license as merchant bank. That same year, it rebranded as Prudent Merchant Bank Limited. In 2006, Prudent Merchant Bank Limited merged with four other banks to form Skye Bank Plc., EIB International Bank Plc., Bond Bank Limited, Reliance Bank Limited and Co-operative Bank Plc. With a cumulative wealth of experience that spans over 50 years, Skye Bank is historically one of the oldest banks in Nigeria and West Africa.

In January 2011, the bank introduced a Naira-denominated MasterCard debit card, called “MasterCard Verve”, the first of its kind in Nigeria. The bank also offers Internet banking and mobile banking.

Skye Bank Plc. maintains an interlinked branch network of over two hundred and sixty (260) branches in all parts of Nigeria. The bank maintains her headquarters at 3 Akin Adesola Street, Victoria Island, Lagos, Nigeria.

Quick Review

Founded:            2006

Headquarters:  3 Akin Adesola Street Victoria Island, Lagos, Nigeria

Products:            Banking and Financial Services

Total assets:      US$3.9+ billion (2010)



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Categories: Bank Reviews