Heritage Banking Company Limited (HBCL), also known as Heritage Bank Plc., but often referred to as Heritage Bank, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the country’s banking regulator
Heritage Bank commenced operations in March 2013 after the core investor, IEI Plc, through IEI Investments Ltd, acquired the Societe Generale Bank of Nigeria (SGBN) license from the Central Bank of Nigeria (CBN). Having fulfilled all required criteria, the bank returned 100% of existing SGBN account holders’ money to their owners.
As of March 2013, the total asset valuation of the bank was estimated at about US$192 million (NGN:31 billion). Its shareholders’ equity is worth at least US$62 million (NGN: 10 billion), the minimum capital requirement by the Central Bank of Nigeria (CBN), for regional banks.
Within the short time of its commencement of operation under the new brand, Heritage Bank has become a force in the Nigeria banking sector with the ideals of service, performance, respect, integrity, innovation, tenacity and excellence forming core values. The bank is set out to redefine the concept of banking for the quintessential customer.
The bank’s four main divisions, namely Ivory, Manilla, Cowry and Coral Banking, which are dedicated to being not just a catalyst for growth in the Nigerian financial sector, but an ambassador for showcasing the global quality that Nigeria possesses.
Heritage Bank recently sealed an important merger deal with Enterprise Bank Limited –a development which will increase the bank’s branch network (Experience Centres) from current 15 to about 200 branches, promoting it from the regional bank to a national bank and thus position it among the top seven banks in Nigeria. This has thus projected the bank into the leadership rank of the banking industry with huge expectation of quality, fast and efficient banking services.
With our ethos of an African centered world view of wealth, as shown in the naming protocol of the bank’s divisions- Ivory, Manilla, Cowry and Coral Banking, we are dedicated to being not just a catalyst for growth in the Nigerian financial sector, but an ambassador for showcasing the global quality that Nigeria possesses.
The rate of development of this bank that started in 2013, particularly, the seamless acquisition and integration of the then then Enterprise brank makes Heritage bank a top brand to watch ,not just in the banking sector, but across the corporate Nigeria,
