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词条 Polaris Bank Limited
释义

  1. Overview

  2. History

  3. Subsidiaries

  4. Ownership

  5. Branch network

  6. Governance

  7. See also

  8. References

  9. External links

{{Short description|Nigerian commercial bank}}{{Infobox company
|name = Polaris Bank Limited
|logo = Polaris-Bank-Limited.png
|logo_caption =
|type = Bridge Bank
|area_served =
|key_people = Muhammad K. Ahmad
Chairman
Adetokunbo Mukhail Abiru
Chief Executive Officer[1]
|industry = Financial Services
|products = Banking and Financial Services
|revenue =
|assets =
|foundation = {{Start date and age|2018|09|24}}[2]
|location = 3 Akin Adesola Street
Victoria Island, Lagos, Lagos State, Nigeria
|num_employees =
|homepage = {{URL|polarisbanklimited.com}}
|}}Polaris Bank Limited, is a commercial bank based in Nigeria. It is licensed by the Central Bank of Nigeria, the country's banking regulator.[3][4]

Overview

Polaris 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. {{asof|September 2010}}, the bank's total assets 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).[5]

History

The bank traces its origins 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 re-branded as Prudent Merchant Bank Limited. In 2006, Prudent Merchant Bank Limited merged with four other banks to form Skye Bank Plc.:[6]

  • Bond Bank Limited
  • EIB International Bank Plc.
  • Reliance Bank Limited
  • Co-operative Bank Plc.

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.[7]

In 2014, the bank acquired Mainstreet Bank Limited.

Subsidiaries

{{asof|February 2011}}, Skye Bank Plc. maintained the following subsidiaries:[8]
  1. Skye Mortgage Bankers Limited - Paid up share capital of US$6.42 million (NGN:1 billion)
  2. Skye Stockbrokers Limited - Dealing member at Nigerian Stock Exchange (NSE)
  3. Law Union and Rock Insurance Plc. - 51.95% shareholding in 2007
  4. Apex Integrated Technologies Limited - IT Solutions Company
  5. Skye Trustees Limited - Licensed by the Securities and Exchange Commission (SEC) to function as a Trustee and Funds Manager in the capital market.
  6. Skye Financial Services - Paid up capital of US$12.84 million (NGN:2 billion). Asset management, corporate finance and securities underwriting
  7. Skye Bank Sierra Leone Limited - 95% shareholding by Skye Bank Plc. 5% owned by Sierra Leonean investors. Paid up capital of US$3.1 million (SLL:13.85 billion) in 2008.
  8. Skye Bank Gambia - Paid up capital of US$3.1 million (GMD:87.8 million) in 2008.
  9. Skye Bank Guinea - Opened in April 2010.
  10. Skye Bank Resources Ltd - Opened in 2008 &91;9&93;

Ownership

The shares of stock of Skye Bank Plc. were listed on the Nigerian Stock Exchange, where they traded under the symbol: SKYEBANK.

On 21 September 2018, Godwin Emefiele, the Governor of the Central Bank of Nigeria announced in Lagos that the apex bank had revoked the operating licence of Skye Bank.[10][11][12] Emefiele also stated that the assets and liabilities of the bank would be taken over by a new entity, Polaris Bank[13] due to the inability of the Skye Bank's shareholders to adequately recapitalise the bank after the 2016 intervention.[14]

Branch network

Polaris Bank Limited 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, Lagos State, Nigeria.

Governance

Effective 2016, the Chairman of the Board is M. K. Ahmad, who chairs the sixteen (16) member Board of Directors. The Chief Executive Officer and Group Managing Director is Mr. Tokunbo Abiru.

See also

  • Economy of Nigeria
  • List of banks in Nigeria
  • List of banks in Africa

References

1. ^{{cite web| url=https://www.polarisbanklimited.com/about-skye/management-and-board/board-of-directors#adetokunbo-mukhail-abiru-fca-gmd-ceo | title=The Board of Directors of Polaris Bank Limited |date=5 November 2018 |access-date=5 November 2018 |publisher=Polaris Bank Limited |author=Polaris Bank |location=Lagos}}
2. ^{{cite web|url=https://www.vanguardngr.com/2018/09/nse-suspends-trading-on-skye-bank-shares/ |title=NSE suspends trading on Skye Bank shares |newspaper=Vanguard (Nigeria) |date=22 September 2018 |access-date=5 November 2018 |author=Vanguard Business News |location=Lagos}}
3. ^{{cite web|access-date=5 November 2018 |date=5 November 2018 |title=Central Bank of Nigeria: List of Licensed Commercial Banks |author=Central Bank of Nigeria |url=https://www.cbn.gov.ng/supervision/Inst-DM.asp|publisher=Central Bank of Nigeria |location=Abuja}}
4. ^{{cite web |title=Nigeria’s Central Bank takes over Skye Bank |newspaper=Premium Times |date=21 September 2018 | url=https://www.premiumtimesng.com/news/headlines/284921-breaking-nigerias-central-bank-takes-over-skye-bank.html | access-date=5 November 2018 |first=Bassey |last=Udo|location=Abuja}}
5. ^Unaudited Financial Report: September 2010 {{webarchive |url=https://web.archive.org/web/20110104131136/http://ww6.skyebankng.com/skye-news/326-skye-bank-plc-records-n101-billion-profit-in-9-months.html |date=January 4, 2011 }}
6. ^{{cite web|url=https://www.thisdaylive.com/index.php/2018/09/24/a-decade-after-like-lehman-brothers-like-skye-bank/ |title=A Decade after, Like Lehman Brothers, Like Skye Bank? |date=24 September 2018 |access-date=5 November 2018 |newspaper=This Day | last=Obinna |first=Chima |location=Lagos}}
7. ^{{cite web|date=27 January 2011|url=https://allafrica.com/stories/201101270508.html |access-date=5 November 2018 |title=Nigeria: Skye Bank Unveils First Mastercard Verve |newspaper=Daily Champion via AllAfrica.com |location=Lagos}}
8. ^{{cite web|url=http://www.skyebankng.com/ |title=Subsidiaries of Skye Bank Plc |publisher=Skyebankng.com |date=2011-09-16 |accessdate=2013-02-18}}
9. ^{{cite web|last=Monteiro |first=Ana |url=https://www.bloomberg.com/news/2010-04-20/nigeria-s-skye-bank-opens-guinea-unit-may-expand-to-ghana-rencap-says.html |title=Skye Bank Opens In Guinea |publisher=Bloomberg.com |date=2010-04-20 |accessdate=2013-02-18}}
10. ^{{cite news| url=https://punchng.com/cbn-revokes-skye-banks-licence-polaris-bank-takes-over/ |title=CBN revokes Skye Bank’s licence, Polaris Bank takes over |newspaper=The Punch |date=21 September 2018 |access-date=5 November 2018 |author=Nike Popoola}}
11. ^{{Cite news|url=https://www.vanguardngr.com/2018/09/breaking-cbn-revokes-skye-banks-licence/|title=Breaking: Skye Bank's operating licence revoked by CBN - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}
12. ^{{Cite news|url=http://saharareporters.com/2018/09/21/breaking-cbn-revokes-skye-bank%E2%80%99s-licence|title=BREAKING: CBN Revokes Skye Bank’s Licence {{!}} Sahara Reporters|last=siteadmin|date=2018-09-21|work=Sahara Reporters|access-date=2018-10-09}}
13. ^{{Cite news|url=https://www.thecable.ng/breaking-cbn-revokes-skye-banks-license|title=CBN revokes Skye Bank's licence, Polaris Bank to take over assets - TheCable|date=2018-09-21|work=TheCable|access-date=2018-10-09|language=en-US}}
14. ^{{Cite news|url=https://www.vanguardngr.com/2018/09/why-cbn-revoked-skye-bank-license/|title=Why CBN revoked Skye Bank licence - Vanguard News|date=2018-09-21|work=Vanguard News|access-date=2018-10-09|language=en-US}}

External links

  • {{Official website|http://polarisbanklimited.com }}

7 : Banks of Nigeria|Companies of Nigeria|Companies based in Lagos|Companies listed on the Nigerian Stock Exchange|Nigerian brands|2006 establishments in Nigeria|Victoria Island, Lagos

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