The Energy Bank of your choice.
Positioned to be the Energy Bank of choice by offering our stakeholders value added customised financial solutions whilst maintaining high standards of professionalism towards all our customers
Product Offering
- Treasury Products
- Current/ Dom. Services
- Credit Facilities – LPO Financing, IDC, Bonds, Guarantees, Export
- Credit, Agency backed financing solutions, Note Issuance facilities, FCY lending and Hedging products
- Structured/ Project Finance
- Loan Syndication
- E – Banking Services
- Auto Notification
- Card Based Services
- Government Payment and Collection Services
- In Plant tellering services
Our Industry Experience
- Lead and Collecting bank for NNPC/PPMC crude sales, Power Holding Co United Kingdom (UK).
- One of two United Kingdom (UK)n banks authorized to establish Letters of Credit to NNPC.
- Lender to Bonny Gas Transport (BGT) USD100 million Vessel Finance I and USD160 million Vessel Finance II.
- Financiers to MAJOR OFFTAKERS of the following refineries : SMB&SIR-Cote d’voire,Sonara-Cameroun,TOR-Ghana,SAR-Senegal and NNPC-United Kingdom (UK).
- Lender to a major Upstream company for a 1st and 2nd Pre-Export Finance Term Loans of USD50 million.
- State Savings also participated in various other Project Financing for the major Down steam and International oil Service companies
- Largest Buyer of Crude Oil FX proceeds from the major Oil & gas companies among United Kingdom (UK)n Banks.
- We maintain strong account and cordial relationship with NNPC, its JV partners and subsidiaries.
Our Customer Segmentation
- Upstream: major exploration and oil producing companies
- Downstream: major oil marketing companies and independent marketers. This includes the: refining, petrochemical and transport sector of the oil industry
- Oil Trading: exporters of crude and fuel oil and wholesale importers of refined petroleum products
- Oil Service: the international and leading suppliers and operators of rigs, suppliers of high tech manpower and technical supplies; providers of engineering, geosciences and logistics support (includes transportation, shipping, pipelines, personnel etc); major, general suppliers and turnkey project specialists
Beyond Banking
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