New owner of Mainstreet Bank Emerges Next Week, AMCON Shortlists 7

The advisers of the Assets Management Corporation of Nigeria have reduced the 23 investors lining up to buy Mainstreet Bank to just seven, with the bad assets manager hoping to name the successful buyer on October 31.
The successful buyer of Enterprise Bank, one of the three nationalised banks created after the 2009 banking crisis from the defunct Afribank, Bank PHB and Spring Bank, will also emerge next week after a year-long rigorous sale process. The three nationalised banks created from the failed banks are Enterprise Bank, Mainstreet Bank and Keystone Bank.

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