Key Milestones

1989 Prudent Bank was established and incorporated
1990 Prudent Bank was issued a merchant banking license
2000 Commenced commercial banking
2001 Adopted the Universal Banking model
2005 Listed on the Nigerian Stock Exchange
2006 Skye Bank emerged following the merger of Prudent Bank, EIB International
Bank, Reliance Bank, Bond Bank and Cooperative Bank
2007 Best Bank in e-banking - Nigeria Telecoms Awards

- Shored up capital base to NGN 95 billion from NGN 29 billion through a public offer
- Established first overseas subsidiary, Skye Bank Sierra Leone
- Introduced Naira Credit Card
- Started the issuance of MasterCard

2009 Commenced banking operations in The Gambia

- Commenced banking operations in Guinea

- Raised NGN 11.4 billion in special equity placement on NSE

2011 - Adopted International Financial Reporting Standards (IFRS)
- Commenced the issuance of Visa Cards
2012 - Divested from all non-core banking subsidiaries
- Adjudged the Best Card Activation Bank by Card Expo and Best Card Issuing Efficiency Bank by ACI Payments
- Named the Best Card Activation Bank and Best Co-brand strategy in the Industry by Interswitch
- Won Pioneer and Most Established Maritime Bank by Nigerian Chamber of Shipping
2013 - Designated a Systematically Important Bank (SIB) by the CBN
- Adjudged the Best Card Activation Bank by Intermac Consulting
- Named Best Bank in Manufacturing Support by Business day
2014 - Appointed New GMD / CEO & DMD
- Upgraded the Bank’s software – ‘Flexcube’ from version 6.2 to version 12.0
- Acquired Mainstreet Bank Limited – increased the number of business offices to 416
- Fully automated loan creation, scoring and rating system
- Awarded The Best Bank in Risk Management by Conrad Clark Nigeria Limited
- Introduced Instant PIN generation for Debit Cards
2015 - Concluded the integration of Mainstreet Bank Limited
- Unveiled a Retail Transformation Project named ‘Retail Transformation Agenda (R-Tag)
- Attained 3 ISO /IEC 20000-1:2011, ISO 22301:2012 and ISO/IEC 27001:2013 certifications from British Standard Institution
- Developed Kegow Virtual Prepaid Card

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