Ownership
In April 2009, Bank PHB Group, then a Nigerian financial services conglomerate, acquired 80% shareholding in Orient Bank for a reported sum of US$63.3 million. That shareholding is now owned by Keystone Bank Limited, the financial institution, owned by the Federal Government of Nigeria, which took over the assets of Bank PHB, when its banking license was revoked by the Central Bank of Nigeria in August 2011.
The other shareholders in Orient Bank include members of the family that founded the bank in 1993, who today, jointly control 17% of shareholding in the bank. The shareholding in Orient Bank is depicted in the table below:
| Orient Bank Stock Ownership | |||||||||||||||||||||
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