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274:(CBN), the banking regulator in the country, found nine commercial banks under-capitalized and badly managed. Spring Bank was one of the troubled banks. The CBN intervened by injecting new capital to maintain solvency and appointing new management. On 5 August 2011 the CBN revoked the banking license of Spring Bank.
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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by taking over the assets and some of the liabilities of the now defunct Spring Bank, whose commercial banking license was revoked. EBL was issued a commercial banking license on 5 August 2011. As of
January 2012, the assets of
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At the time it was formed, Spring Bank had a capital base of approximately US$ 224 million (NGN:34.5 billion) with total assets estimated at US$ 988 million (NGN:152 billion).
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This article is about the
Nigerian bank. For the historic plantation house in Lunenburg County, Virginia, see
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ordered that the affairs of the defunct Spring Bank Plc be wound up, since its license had been revoked.
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In 2009, following an industry-wide audit of all commercial banks in the country, the
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Spring Bank was formed in
December 2005 by the merger of six (6)
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Spring Bank was a large financial services provider in
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290:. In July 2012, the Federal High Court of Nigeria, in
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468:"Nigeria: Court Winds Up Afribank, Spring Bank"
203:, the country's banking regulator at the time.
21:Spring Bank (Lunenburg Courthouse, Virginia)
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427:"NIG:SPRINGBANK - Google Finance Search"
546:Nigerian companies established in 2005
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223:, where it traded under the symbol:
415:Estimated Total Assets In June 2010
284:Asset Management Company of Nigeria
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328:Website of Central Bank of Nigeria
302:Following the intervention of the
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541:2011 disestablishments in Nigeria
466:Iriekpen, Davidson (2012-07-09).
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219:of Spring Bank was listed on the
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246:Citizens International Bank Plc.
239:financial institutions, namely:
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288:Federal Government of Nigeria
258:Trans International Bank Plc.
536:Banks disestablished in 2011
23:. For Spring Bank Farm, see
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455:History of Spring Bank Plc.
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243:ACB International Bank Plc.
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252:Guardian Express Bank Plc.
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521:Defunct banks of Nigeria
356:List of banks in Nigeria
249:Fountain Trust Bank Plc.
16:Nigerian commercial bank
361:Central Bank of Nigeria
316:Chief Executive Officer
312:Group Managing Director
304:Central Bank of Nigeria
286:(AMCON), an arm of the
280:Enterprise Bank Limited
272:Central Bank of Nigeria
266:Failure and liquidation
221:Nigerian Stock Exchange
201:Central Bank of Nigeria
133:Group Managing Director
94:Enterprise Bank Limited
308:Bernadina Sola Ayodele
187:, also referred to as
125:Bernadina Sola Ayodele
495:www.springbankplc.com
103:143 Ahmadu Bello Way
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366:Economy of Nigeria
282:are 100% owned by
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185:Spring Bank Plc.
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498:. Retrieved
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167:Credit Cards
100:Headquarters
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36:Company type
189:Spring Bank
163:Debit Cards
159:Investments
515:Categories
500:2017-08-29
477:2017-08-29
441:2017-08-29
401:2017-08-29
372:References
298:Governance
225:SPRINGBANK
121:Key people
84:Insolvency
48:SPRINGBANK
306:in 2009,
90:Successor
334:See also
237:Nigerian
207:Overview
191:, was a
177:Homepage
151:Checking
143:Products
128:Chairman
54:Industry
231:History
213:Nigeria
197:Nigeria
173:Website
155:Savings
114:Nigeria
72:Defunct
64:Founded
135:&
40:Public
292:Lagos
217:stock
147:Loans
110:Lagos
314:and
80:Fate
75:2011
67:2004
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.