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IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries. [12] According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7]
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959. [2]
This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [ 1 ] List of commercial banks
Enterprise Bank was a large financial services provider in Nigeria. As of December 2012 [update] , the bank's total assets were estimated at US$1.63 billion (NGN:261.1 billion). [ 2 ] According to the bank's website, shareholders' equity was valued at approximately US$186.5 million (NGN:29.8 billion) in August 2011.
CIBN, National Judicial Institute (Nigeria) (2002). proceedings of the National Seminar on Banking and Allied Matters for Judges. CIBN. ISBN 978-34165-8-8. CIBN, Mascot Communications (2004). Nigerian banks and corporate social responsibility. The CIBN Press Limited. ISBN 978-37278-2-6. CIBN, National Judicial Institute (Nigeria) (2005).
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
This was the first time in Nigeria that a corporate organization was honored in such a way. [16] Gtbank, Maryland branch, Lagos. In 2011, the bank became the biggest bank in Nigeria by market capitalisation. [17] In 2013, the bank acquired a 70 percent shareholding in the Fina Bank Group for a cash payment of US$100 million. [18]
Wema Bank Plc is a Nigerian commercial bank.It is licensed by the Central Bank of Nigeria; the regulator of the nation's banking sector. As of 2019, Wema bank operates the largest digital banking system in Nigeria, ALAT By Wema, which is fully in use in all of the nation's thirty six states and the Federal Capital Territory