Insured Institutions

Insured institutions
(Risk Coverage Guarantee Policyholders)

Banks

S/N

Name

Status

Costs of coverage

Risk Coverage Program

Client's Deposits are insured to

 

1

Salaam Chartered Bank Ltd

Active

1.9%

D

$200,000

2

Stantic Bank Ltd

Active

1.0%

G

$25,000

3

MEFB Bank Ltd

Active

1.9%

D

$200,000

4

Diamond Private Bank Ltd

Active

1.5%

E

$100,000

5

Exim Trust Bank Ltd

Active

1.9%

D

$200,000

6

International Bank of Commerce Ltd

Active

1.9%

D

$200,000

7

International Microfinance Bank Ltd

Active

1.9%

D

$200,000

8

CRD Bank Ltd

Active

1.9%

D

$200,000

9

Bank of Zanzibar Ltd

Active

1.3%

F

$50,000

10

Abak Commercial Bank Ltd

Active

1.9%

D

$200,000

11

Kenya Royal Bank Ltd

Active

1.3%

F

$50,000

12

International Commercial Bank Ltd

Active

1.5%

E

$100,000

13

First African Bank Ltd

Active

1.9%

D

$200,000

14

BTT African Banking Corporation  

Active

1.9%

D

$200,000

15

United Trust Bank of Africa

Active

1.9%

D

$200,000

16

European Standard Bank

Active

2.5%

C

$2,000,000

17

Savings and Finance I Bank

Active

1.9%

D

$200,000

18

Alzania Bancorp

Active

1.0%

G

$25,000

19

Bank of Bagoda Ltd

Active

1.9%

D

$200,000

20

Abacus Commercial Bank Ltd

Active

1.3%

F

$50,000

21

ABX Merchant Bank Ltd

Active

1.9%

D

$200,000

22

Allied Bank of Bermuda Plc

Active

1.9%

D

$200,000

23

Allstates Trust Bank Plc

Active

1.9%

D

$200,000

24

Alpha Merchant Bank Plc

Active

1.0%

G

$25,000

25

Amicable Bank of Nigeria Plc.

Active

1.9%

D

$200,000

26

Assurance Bank of Nigeria Plc

Active

1.3%

F

$50,000

27

Century Merchant Bank Ltd.

Active

1.9%

D

$200,000

28

City Express Bank Plc

Active

1.3%

F

$50,000

29

Commerce Bank Plc

Active

1.9%

D

$200,000

30

Commercial Trust Bank Ltd

Active

1.9%

D

$200,000

31

Continental Merchant Bank Plc

Active

1.9%

D

$200,000

32

Coop. & Commerce Bank Plc

Active

1.9%

D

$200,000

33

Credite Bank Nig. Ltd

Active

1.9%

D

$200,000

34

Crown Merchant Bank Ltd.

Active

1.9%

D

$200,000

35

Financial Merchant Bank Ltd.

Active

1.9%

D

$200,000

36

Great Merchant Bank Ltd.

Active

1.9%

D

$200,000

37

Group Merchant Bank Ltd.

Active

1.9%

D

$200,000

38

Hallmark Bank Plc

Active

1.0%

G

$25,000

39

Highland Bank of Nig Plc

Active

1.0%

G

$25,000

40

ICON Ltd. (Merchant Bankers)

Active

1.9%

D

$200,000

41

Ivory Merchant Bank Ltd.

Active

1.9%

D

$200,000

42

Kapital Merchant Bank Ltd.

Active

1.9%

D

$200,000

43

Lead Bank Plc

Active

1.0%

G

$25,000

44

Lobi Bank of Nig. Ltd.

Active

1.9%

D

$200,000

45

Mercantile Bank of Nig. Plc.

Active

1.5%

E

$100,000

46

Merchant Bank of Africa Ltd.

Active

1.9%

D

$200,000

47

Metropolitan Bank Ltd.

Active

1.0%

G

$25,000

48

Nigeria Merchant Bank Ltd.

Active

1.9%

D

$200,000

49

North-South Bank Nig. Plc.

Active

1.9%

D

$200,000

50

Pan African Bank Ltd.

Active

1.0%

G

$25,000

51

Pinacle Commercial Bank Ltd.

Active

1.9%

D

$200,000

52

Premier Commercial Bank Ltd

Active

1.9%

D

$200,000

53

Prime Merchant Bank Ltd.

Active

1.5%,

E

$100,000

54

Progress Bank Ltd.

Active

1.9%

D

$200,000

55

Republic Bank Ltd

Active

1.5%,

E

$100,000

56

Rims Merchant Bank Ltd.

Active

1.0%

G

$25,000

57

Royal Merchant Bank Ltd.

Active

1.9%

D

$200,000

58

Trade Bank Plc

Active

1.3%

F

$50,000

59

United Commercial Bank Ltd.

Active

1.9%

D

$200,000

60

Victory Merchant Bank Ltd.

Active

1.0%

G

$25,000

61

QB Union Bank ltd

Active

1.9%

D

$200,000

Finance Houses

S/N

Name

Status

Costs of coverage

Risk Coverage Program

Client's Deposits are insured to

 

1

AFLABC

Active

1.3%

F

$50,000

2

LCSZ (Under curatorship)

Active

1.0%

G

$25,000

3

SAGIB (Under Liquidation)

?

1.0%

G

$25,000

4

FinTrust

Active

1.5%

E

$100,000

5

BFZDS

Active

1.9%

D

$200,000

Discount Houses

S/N

Name

Status

Costs of coverage

Risk Coverage Program

Client's Deposits are insured to

 

1

ABCL

Active

1.5%

E

$100,000

2

DZC

Active

1.3%

F

$50,000

3

Highvelds

Active

1.5%

E

$100,000

4

IDHS

Active

1.5%

E

$100,000

5

NDHS

Active

1.9%

D

$200,000

6

Premier Area

Active

1.5%

E

$100,000

7

Tetrade-Pointe

Active

1.5%

E

$100,000

Building Societies

S/N

Name

Status

Costs of coverage

Risk Coverage Program

Client's Deposits are insured to

 

1

Beverly Star

Active

1.9%

D

$200,000

2

CABLER

Active

1.9%

D

$200,000

3

Intermarket Way

Active

1.9%

D

$200,000

4

FBA Building Society

Active

1.3%

F

$50,000

Credit Unions

S/N

Name

Status

Costs of coverage

Risk Coverage Program

Client's Deposits are insured to

 

1

Team Grand Co-Op CU

Active

1.9%

D

$200,000

2

Family One CU

Active

1.9%

D

$200,000

3

AT Credit Union Plus

Active

1.9%

D

$200,000

4

United Bay CU

Active

1.5%

E

$100,000

5

Sunrise Educational CU Inc

Active

1.9%

D

$200,000

6

First Catholic CU

Active

1.9%

D

$200,000

7

Community Center CU

Active

1.9%

D

$200,000

8

Sun Star CU

Active

1.9%

D

$200,000

9

Financial CU

Active

1.9%

D

$200,000

10

Consumers Financial Credit Union

Active

1.9%

D

$200,000

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