Banks in Nigeria

Banks in Nigeria

Home
Access bank
Afribank
BankPHB
Ecobank
ETB
Diamond bank
FCMB
Fidelity bank
First bank
First Inland
GTBank
Nigeria International Bank
Stanbic-IBTC
Standard Chartered
Intercontinental bank
Oceanic bank
Skye bank
Spring bank
Sterling bank
United Bank for Africa
Union Bank
Unity bank
Wema bank
Zenith bank

 

 

Spring Bank plc now Enterprise Bank

 

Spring Bank Nigeria Ltd.
Address: Head Office: Plot 143, Ahmadu Bello Way, Victoria Island, Lagos
Phone: +234 1 4619570-3, 2623780-7; Fax: +234 1 2615138, 4619574
Website: http://www.springbankplc.com

Spring bank was formed as a result of the consolidation exercise whic led to the merger of six banks, namely;

ACB International bank plc
Citizens International Bank Plc
Fountain Trust Bank Plc
Guardian Express Bank Plc
Omega Bank Plc
Trans International Bank Plc.

The bank has emerged as a stronger, more profitable one after the merger with a lot of branch expansion and widening customer base. The shareholder's funds attained N34.5 billion, while total assets and contingents stood at over N152 billion.

Spring bank plc is one of the few 24 banks in Nigeria that met the consolidation requirments by the CBN.

In August 2011, due to a CBN audit, Spring Bank failed to scale through due to liquidity problems and was nationalized by the CBN and later transformed to Enterprise Bank. Enterprise Bank is 100% owned by AMCON, under the Federal government.

Go to Spring bank website

Ask a Question