Heritage Bank Nigeria

Overview

Heritage Bank Nigeria is Nigerian commercial bank + CBN Central Bank of Nigeria seizure + liquidation Jun 3 2024 post-financial distress + operations suspended + legacy commercial bank [1, ng-cro].

History

2012 — Heritage Bank founded via Society General Bank of Nigeria SGBN acquisition by IEI Investments Limited.

Sep 3 2014 — Heritage Bank acquires Enterprise Bank Limited.

Jun 3 2024 — CBN Central Bank of Nigeria seizes + liquidates Heritage Bank post-financial distress + NDIC Nigeria Deposit Insurance Corporation deposit insurance payout to Heritage Bank Nigerian depositors distinctive Nigerian banking liquidation.

Ownership & operator

Operating entity: Heritage Bank Plc (Nigerian commercial bank; liquidation underway).

Major shareholders: IEI Investments Limited + Nigerian retail + institutional investors (Jun 3 2024 CBN liquidation).

Regulators: CBN Central Bank of Nigeria + NDIC Nigeria Deposit Insurance Corporation.

Technical integration

Heritage Bank Nigerian mobile banking app (operations suspended post-Jun 3 2024 CBN seizure + liquidation) + hbng.com online (legacy); NG IBAN + NIBSS Instant Payments + NQR Nigeria (legacy).

Implementations & partners

Major Nigerian banking + payments competitors: [[zenith-bank]] (Zenith Bank; NGX: ZENITHBANK) + [[first-bank-nigeria]] (First Bank of Nigeria FBN; NGX: FBNH) + [[gtbank]] (Guaranty Trust Bank GTBank; NGX: GTCO) + [[access-bank]] (Access Bank; NGX: ACCESSCORP) + [[uba]] (UBA United Bank for Africa; NGX: UBA) + [[union-bank-nigeria]] (Union Bank of Nigeria UBN; NGX: UBN) + [[fidelity-bank-nigeria]] (Fidelity Bank Nigeria; NGX: FIDELITYBK) + [[wema-bank]] (Wema Bank; NGX: WEMABANK) + [[sterling-bank-nigeria]] (Sterling Bank; NGX: STERLINGNG) + [[fcmb-nigeria]] (First City Monument Bank FCMB; NGX: FCMB) + [[ecobank]] (Ecobank Transnational Inc; ETI) + [[stanbic-ibtc]] (Stanbic IBTC; NGX: STANBIC) + [[polaris-bank]] (Polaris Bank Plc) + [[jaiz-bank]] (Jaiz Bank; NGX: JAIZBANK; Nigerian Islamic bank) + [[standard-chartered-nigeria]] (Standard Chartered Nigeria) + [[citi-nigeria-bank]] (Citibank Nigeria; Citigroup US subsidiary).

Regulators: CBN Central Bank of Nigeria + NDIC Nigeria Deposit Insurance Corporation.

Status

Liquidated, Nigerian commercial bank + CBN Central Bank of Nigeria seizure + liquidation Jun 3 2024 post-financial distress + operations suspended + legacy commercial bank [1, 2].

Sources

• 1 Heritage Bank — official
• 2 Heritage Bank — Wikipedia
• ng-cro In-corpus: reports/countries/NG-nigeria.md

Source

Biography extracted from heritage-bank-nigeria.md. See matrix.md for standards-support matrix if present.