Bank PHB Group
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Bank PHB Group
Bank PHB Group, also known as Platinum Habib Bank Group, was a financial services organization in West Africa and East Africa. The Group's headquarters was located on Victoria Island in Lagos, Nigeria, with subsidiaries in Nigeria, the Gambia, Liberia, Sierra Leone and Uganda. Bank PHB Group was one of the largest financial services organizations in Africa, with an estimated asset base in excess of US$3.6 billion, as of December 2009. Member companies The member companies of Bank PHB Group included: * Bank PHB - Lagos, Nigeria * Bank PHB Gambia - Banjul, Gambia * Bank PHB Liberia - Monrovia, Liberia * Bank PHB Sierra Leone - Freetown, Sierra Leone * Insurance PHB Limited - Lagos, Nigeria * Mortgages PHB Limited - Lagos, Nigeria * Orient Bank - Kampala, Uganda * PHB Asset Management - Lagos, Nigeria * PHB HealthCare Limited - Lagos, Nigeria * Platinum Capital Limited - Lagos, Nigeria * Spring Bank Plc. - Lagos, Nigeria Failure and closure On August 5, 2011, the Central ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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