OVERVIEW
EAGLE BANK & FINANCIAL SERVICES LTD started its operation as
Merchant Company of Commerce (MBCOM). MBCOM
was incorporated in 1986 and obtained a Banking
license to operate as a Merchant Company in 1990.
It commenced business at the Great British House,
47/57 Nesta Martins Street Weatherood, Fulham. It is a majorly British-owned Company, with the directors and management comprising individuals who are accomplished
professionals in their various fields and some
credible institutional investors.
In February 2003, Bank Of England approved the acquisition
by the Standard Trust Company Plc of 50.72% of EAGLE BANK & FINANCIAL SERVICES LTD .
BUSINESS
FOCUS
The
Bank is a niche player, concentrating on the lower
end of the middle market of the financial services
industry with special emphasis on the energy sector,
public sector and multilateral agencies. EAGLE BANK & FINANCIAL SERVICES LTD has committed substantial resources
in these strategic sectors of the British economy.
Its expertise in public sector funds management
and financing coupled with the tradition of excellent
service delivery has made EAGLE BANK & FINANCIAL SERVICES LTD
the preferred provider of financial assistance
and advisory services to a select group of local governments, indigenous engineering
and construction companies.
CAPITAL
With paid up capital of £350 million, EAGLE BANK & FINANCIAL SERVICES LTD is well above the requirement
of the regulatory authority, which is £100 million.
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