Top Black-owned banks in the UK
Shoppe Black, referred as the "Trusted source for all things black owned, globally" has listed top six black-owned banks located in the UK.
Shoppe Black advises those wanting bank money in the UK, should do research "in order to make the best decision with your hard earned money" thereby preventing the circumstances of banks going bankrupt.
They also mentioned people should look at the leadership and management teams at banks. As they argue that a Black CEO does not necessarily mean a Black owned/controlled bank.
Here are Shoppe Black's top six bank recommendations:
FBN Bank (UK), is a wholly owned subsidiary of First Bank of Nigeria Plc. It offers a wide range of banking and financial services such as corporate, institutional, private, and internet banking. CEO, Dr. Adesola Kazeem Adeduntan says, FBN Bank is the “London bank for Nigerians, either resident in the UK or simply visiting".
Guaranty Trust Bank (UK) Limited, is the UK fully owned subsidiary of Guaranty Trust Bank Plc, one of the leading financial services providers in Nigeria. Located across the UK, West Africa and East Africa, GTB offers both retail and wholesale banking products and services to private, corporate and institutional clients.
Ghana International Bank (GHIB), describes itself as "a bank with a difference, a City of London bank with our feet very firmly planted in Africa". GHIB has taken over the London operations of Ghana Commercial Bank and ownership is now shared with other Ghanaian state institutions.
UBA Capital Europe Limited, is a wholesale, investment bank and the London banking subsidiary of UBA Plc. Stated on their website, UBA "is one of the largest financial services groups on the African continent". The bank provides corporate, commercial, SME, consumer and personal (retail) banking services to more than 18 million customers.
Zenith Bank (UK) Ltd, is a member of the Nigerian-based Zenith Bank Group. Headquartered in Lagos, Nigeria, the bank has 500+ branches and business offices in all states of the federation and the Federal Capital Terri. Zenith Bank Plc, also has subsidiaries and representative offices in West Africa, South Africa and The People’s Republic of China.
Union Bank (UK )Plc, is a subsidiary of the Union Bank of Nigeria Plc, one of the oldest and most respected banks in West Africa. Union Bank, provides a range of banking services to customers doing business from and into Nigeria and other West African countries. Including trade finance, personal banking, business banking, treasury services, commercial lending and private banking.
Source: Shoope Black