Enba Raises $45m for First-E Dublin On-Line Bank
Gerhard Huber, Chief Executive of Dublin-based holding company Enba, said this week that the group had raised an additional $45m of private equity financing from a number of new investors including insurance group CGU, Morgan Stanley Dean Witter and Capital Z. The money would accelerate the roll-out of First-E, the group's on-line banking subsidiary, into a number of EU countries. Mr Huber said that without any advertising First-E had already attracted 2,000 customers, including some who had deposited over £100,000. Other planned or active subsidiaries include an investment bank for on-line public share offerings, and an on-line consumer credit agency. .
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