Energy Bank Sao Tome e Principe, also referred to as Energy Bank STP, but commonly known as Energy Bank, is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Sao Tome SAO or Sao may refer to: Places * Sao civilisation, in Middle Africa from 6th century BC to 16th century AD * Sao, a town in Boussé Department, Burkina Faso * Serb Autonomous Regions (''Srpska autonomna oblast'', SAO), during the breakup of ...

. It is one of the eight commercial banks licensed by the Central Bank of São Tomé and Príncipe, the country's banking regulator. , Energy Bank is a small financial services provider in

. The bank's total assets are estimated at US$10 million. The shareholders' equity is estimated at US$6.8 million.

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 are 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 Jimoh Ibrahim (born 24 February 1967) is a Nigerian lawyer, politician, businessman and philanthropist who is the senator representing Ondo South Senatorial District since 2023. He is the chairman and chief executive officer of Global Fleet Gr ...

, the Nigerian

industrialist A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...

and

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

who serves as the bank's

Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

. The shareholding in the bank's stock is depicted in the table below:

References

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External links

Website of Energy Bank Sao Tome

Website of Bank of Ghana

Website of Energy Bank Ghana Limited
Banks of São Tomé and Príncipe Banks established in 2011

History

Ownership

See also

References

External links