Energy Bank Sao Tome and Principe

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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]

Energy Bank, STP
Company typePrivate
IndustryFinancial services
PredecessorOceanic Bank STP
Founded2011 (2011)
HeadquartersSao Tome, Sao Tome
Number of locations
3
Key people
Jimoh Ibrahim (Chairman),[1]
ProductsLoans, Transaction accounts, Savings, Investments, Debit cards
OwnerGlobal Fleet Group (88%)
Number of employees
35
Websitewww.energybanksaotome.com

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

History

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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

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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, 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
Rank Name of Owner Percentage Ownership
1 Global Fleet, UK United Kingdom 88
2 Nicon Seguros, Sao Tome e Principe, 10
3 Others 2
Total 100.00%

See also

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References

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