| Type | Public: NSE: SKYBANK |
|---|---|
| Industry | Financial Services |
| Founded | 2006 |
| Headquarters | 3 Akin Adesola Street Victoria Island, Lagos, Nigeria |
| Key people | Mrs. Morenikeji Onasanya Chairman Kehinde Durosinmi-Etti Chief Executive Officer |
| Products | Banking and Financial Services |
| Total assets | US$3.9+ billion (2010) |
| Website | Homepage |
Skye Bank Plc., commonly known as Skye Bank, is a commercial bank based in Nigeria. It is one of the twenty-six (26) commercial banks licensed by the Central Bank of Nigeria, the country's banking regulator.[1]
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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. As of September 2010[update], 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).[2]
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., namely:
In January 2011, the bank introduced a Niara-denominated MasterCard debit card, called "MasterCard Verve.", the first of its kind in Nigeria. The bank also offers Internet banking and mobile banking.[3]
As of February 2011[update], Skye Bank Plc. maintains the following subsidiaries:[4]
The shares of stock of Skye Bank Plc. are listed on the Nigerian Stock Exchange, where they trade under the symbol: SKYBANK. The detailed shareholding in the bank is not publicly available at the moment.
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.
Effective July 2009, the Chairman of the Board is Mrs. Moronkeji Onasanya, who chairs the sixteen (16) member Board of Directors. The Chief Executive Officer and Group Managing Director is Kehinde Durosinmi-Etti.