Energy Bank

Energy Bank, STP
Private
Industry Financial services
Predecessor Oceanic Bank STP
Founded 2011 (2011)
Headquarters Sao Tome, Sao Tome
Number of locations
 2
Key people
 Jimoh Ibrahim (Chairman),[1]
Products Loans, Transaction accounts, Savings, Investments, Debit cards
Owner Global Fleet Group (88%)
Number of employees
 35
Website www.energybanksaotome.com

Energy Bank Sao Tome e Principe, also referred to as Energy Bank STP, but commonly known as Energy Bank, is a commercial bank in Sao Tome. It is one of the eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country's banking regulator.[2]

As of February 2011, Energy Bank is a small financial services provider in Sao Tome. The banks total assets are estimated at about US$10 million. The shareholders' equity is estimated at about US$6.8 million.[3]

History

Energy Bank Sao Tome & Principe (STP), commenced operation as Oceanic Bank (STP) on 14 July 2008. Its second branch, in the proximity of the main market was opened on 11 May 2010. A one hundred percent acquisition of the Bank was done by Global Fleet (United Kingdom), under the leadership of Dr. Jimoh Ibrahim, OFR - Chairman, which transaction transferred ownership and control of Oceanic Bank in June, 2011.

Ownership

The shares of stock of Energy Bank is privately owned. The major shareholders in the bank are (a) the Global Fleet UK, (b) the Nicon Insurance, STP, the two principal shareholders are linked to Jimoh Ibrahim, the Nigerian industrialist and entrepreneur who serves as the bank's Chairman. The shareholding in the bank's stock is depicted in the table below:[4]

Energy Bank Stock Ownership
RankName of OwnerPercentage Ownership
1Global Fleet, UK United Kingdom88
2Nicon Insurance, STP of Sao Tome e Principe,10
3Others2
Total100.00%

See also

References

  1. ↑ Jimoh Ibrahim Is Chairman of Energy Bank
  2. ↑ List of Licensed Commercial Banks In Sao Tome
  3. ↑ Energy Bank's Paid-up Capital In 2011
  4. ↑ Shareholding In Energy Bank Limited
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