Greenwich Merchant Bank achieves N50bn capital requirement by CBN

Greenwich Merchant Bank has successfully met the N50billion capital requirement as mandated by the Central Bank of Nigeria (CBN).

By virtue of a letter dated September 22, 2025, CBN confirmed its approval of Greenwich’s N22.6billion fresh capital raised via Rights Issue and Private Placement.

With this, the bank’s approved capital now exceeds the N50billion regulatory requirement thus cementing its position as one of Nigeria’s most forward-looking banks.

This milestone significantly enhances Greenwich’s financial strength, enabling the Bank to underwrite larger transactions, offer more competitive financing terms, and improve overall service delivery.

In the years ahead, customers will benefit from increased access to bespoke banking and financing solutions, while investors can expect improved returns driven by expanded deal flow, enhanced market positioning, and long-term value creation.

Greenwich said it will deploy the enhanced capital strategically to drive technological innovation, broaden product offerings, and enhance its brand positioning.

Speaking on the achievement, Kayode Falowo, Chairman of Greenwich Group, said: “This is a significant milestone in our growth journey and a strong testament to the resilience and commitment of everyone across the organization. It positions us strategically for the next phase of our expansion and service delivery”.

He said “We would like to thank our shareholders for their trust in us and applaud the outstanding contributions of our Board and Management in attaining this milestone. We are committed to driving even greater achievements in the future.”

Also commenting on the development, Benson Ogundeji, Managing Director/CEO of Greenwich Merchant Bank, noted: “Our successful capital raise is not just a regulatory compliance milestone; it is a proof of the confidence our shareholders place in our vision and the trust our clients and partners have built with us over the years. At Greenwich, we see this achievement as a springboard for strengthening our capacity to deliver innovative financial solutions while contributing meaningfully to Nigeria’s economic growth and stability.”

This milestone comes at a critical time for the Nigerian financial system as banks across the country step up capitalisation efforts to enhance stability, protect stakeholders, and deepen the resilience of the sector. Greenwich’s achievement reinforces its position as a trusted financial partner capable of supporting clients through evolving market dynamics and creating long-term value for stakeholders.

Plans are underway to launch a suite of innovative financial products tailored to evolving client needs, including digital investment platforms, SME-focused lending solutions, sustainable finance instruments, enhanced wealth management services, and strategic partnerships that would unlock new growth frontiers.