History of Heritage Bank



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History of Heritage Bank

Heritage Bank Plc. is a financial services institution commonly referred to as Heritage Bank. It is one of the commercial banks licensed by the Central Bank of Nigeria, the country’s banking regulator, and has a national operating license, providing retail, corporate, online/internet banking, investment banking and wealth management services. I’m here. Headquarters are located at 292B Ahosé Adeogan Street, Victoria Island, Lagos State, Nigeria.

In 2012, the core investor, his IEI Plc, through IEI Investments Limited, obtained a Societe His General Bank of Nigeria license from the Central Bank of Nigeria. After all the necessary criteria were met, the bank returned to the owner his 100% of the existing Société Générale account holder’s funds. Heritage Bank Plc is a leading financial services provider in Nigeria. It is now licensed as a national bank, providing banking and financial services throughout the country, including the South, West, Southeast and North. As of December 2015, the bank’s total assets were estimated at over $1.7 billion (NGN:

483.4 billion). Shareholders’ equity of at least $88 million (NGN:

25 billion), the minimum capital requirement for national banks of the Central Bank of Nigeria.

Learn more about Heritage Bank

As a 100% Nigerian bank with roots in Nigeria, we are committed to growing our community. We are Nigerians so we know how to raise Nigerians. We have made great strides in this direction as we continue to evolve to match the way people bank and transfer money. Our great inspiration is the success of our customers. Big or small. Our motto of creating, preserving and transmitting wealth means that our work is not finished until each and every one of our clients has passed their rich legacy to the next generation.

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The bank’s history dates back to the late 1970s when it was founded by the late Dr. Olusola Saraki is incorporated as the Societe Generale Bank (Nigeria). In January 2006, the central bank closed Societe Generale for failing to meet his new US$155 million minimum capital requirement (NGN:

25 billion) for the National Bank. Societe Generale has successfully challenged the closure in court. In December 2012, the central bank re-granted Societe Generale’s banking license as a regional bank. After obtaining a banking license, the bank was renamed Heritage Banking Company Limited by new owners and opened under the new name on March 4, 2013. In October 2014, Heritage Banking Company Ltd successfully completed the requirements of the Asset Management Corporation of Nigeria (AMCON) and the Central Bank of Nigeria to own 100% of the shares of Enterprise Bank Ltd.

 

On January 27, 2015, AMCON formally transferred its ownership of Enterprise Bank Ltd to Heritage Bank Plc. [citation needed]

Headquartered in Lagos, Nigeria, Heritage Bank Plc has 127 branches and 202 automated banking centers with over 350 ATMs in all federal states and the Federal Capital Territory.

Jani Ibrahim FNSE, FAEng., OON, mni is a Non-Executive Director and Acting Chairman of the 7-member Board of Directors. Managing Director and Chief Executive Officer is Ifiesima Sekibo

In October 2014, Heritage Bank acquired 100% ownership of Enterprise Bank Limited. Enterprise Bank Limited is a nationalized financial services company with over 160 branches and $1.6 billion in assets. Heritage paid AMCON her $340 million (NGN:

$56.1 billion) in cash. Heritage Investment Services Limited, the investment arm of Heritage Banking Company Limited, was the winner of 24 Nigerian and international companies that applied to acquire Enterprise Bank.

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You can access the official website here

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