As of January 2011[update], the bank maintained about one hundred (100) retail branches in various urban centers in the country.
In 2009, in an audit by the Central Bank of Nigeria, ETB was found to be under-capitalized and unsatisfactorily managed.
Subsequent to those discoveries, CBN directed ETB to reduce company staff numbers to maintain profitability.
[3] ETB was also added to a list of nine (9) Nigerian commercial banks that required the injection of new capital by the Asset Management Company of Nigeria (AMCON), a federal government agency.
[7] However, due to the intervention of the CBN and AMCON in 2009, a significant percentage of shareholding in ETB is owned by the Federal Government of Nigeria.