The Coral Banking Group is powered by professional relationship managers trained to provide innovative solutions tailored to meet the needs of government –Ministries Department & Agencies across all tiers of government.
The group operates on high ethical standards in line with the core values of the bank and its competitive edge is fostered by a deep understanding of public sector business and value added services.
The Coral Banking Group services include;
In line with our drive to continuously enhance customer experience, the bank has recently been enlisted as a revenue collecting bank for the following payments.
All payments listed above can be made at our experience centre strategically located across the state.
In the early colonial times, Africans preferred being paid with cowry shells over gold coins – a shock to many Europeans. Learning of this preference, Europeans injected a large number of cowry shells into the market, depreciating the shells’ value and leading to many modern-day bans on the use of cowries as currency.
Governed from the fourteenth century by an all-powerful divine Oba, Oba Ewuare – the first to wear the red coral ceremonial regalia. He is credited in oral tradition as the man who ‘brought’ coral to Benin when he stole the gem from the “goddess of the sea” (Olokun) at Ughoton (Gwatto) – a village closely inter-woven with Benin myths and history.
Our Private Banking group is called Ivory Banking. Ivory has always been a subject of fascination. Its beauty and usefulness have been recognized for 30,000 years and more.
The name manila is said to derive from the Spanish word for a bracelet – manella, the Portuguese for hand ring, or after the Latin Manus (hand) or from manila, plural of monile (necklace). They are usually horseshoe – shaped with terminations that face each other and are roughly lozenge –shaped. The most popular African name for manila, okpoho, comes from the Igbo language.