Skye Bank

Skye Bank Plc., commonly known as Skye Bank, is a commercial bank based in Nigeria. It has it’s headquarters in Nigeria and maintains subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola and Equatorial Guinea.

It is one of the twenty-six commercial banks licensed by the Central Bank of Nigeria, the country’s banking regulator.

Skye Bank has total assets of USD3.9+ billion as at 2010.

Also See: Skye Bank Customers funds are safe and Bank is Healthy and Strong- CBN

Skye Bank originated from Prudent Bank Plc, EIB International Bank Plc, Bond Bank Limited, Reliance Bank Limited, and Co-operative Bank Plc through a merger of the five banks in 2006.

Skye Bank Plc was the first in Nigeria to introduce a Naira-denominated MasterCard debit Card, called “MasterCard Verve”, the first of it’s kind in Nigeria in 2011.

The bank offers internet banking and mobile banking services.

Also See: Skye Bank Chairman Named as One of Bank Debtors

The headquarters of Skye Bank in Nigeria is in Lagos, No. 3 Akin Adesola Street, Victoria Island, Lagos. It’s telephone number is +234-01-2627760-9, Fax: 234-01-2627598, e-mail: info@skyebankng.com, website: www.skyebankng.com

Skye Bank current Chief Executive Officer is Tokunbo Abiru while the Chairman, Board of Directors is Mr. M.K. Ahmad.

Skye Bank Subsidiaries

As of February 2011, Skye Bank Plc. maintains the following subsidiaries:

Skye Mortgage Bankers Limited - Paid up share capital of US$6.42 million (NGN:1 billion)
Skye Stockbrokers Limited - Dealing member at Nigerian Stock Exchange (NSE)
Law Union and Rock Insurance Plc. - 51.95% shareholding in 2007
Apex Integrated Technologies Limited - IT Solutions Company
Skye Trustees Limited - Licensed by the Securities and Exchange Commission (SEC) to function as a Trustee and Funds Manager in the capital market.
Skye Financial Services - Paid up capital of US$12.84 million (NGN:2 billion). Asset management, corporate finance and securities underwriting
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.
Skye Bank Gambia - Paid up capital of US$3.1 million (GMD:87.8 million) in 2008.
Skye Bank Guinea - Opened in April 2010.

Category: Top Organizations in Nigeria

Skye Bank

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