Greenwich Hold Sees 71.3% Profit Surge, Expands Banking

Greenwich Hold announced a remarkable 71.3% surge in net profit for the 2025 financial year, amounting to N19.29 billion, compared to N8.11 billion in the previous period. The company’s gross earnings rose by 131.9% to N64.23 billion.

During its annual general meeting in Lagos, Chairman Kayode Falowo attributed this growth to strict risk management and improved corporate governance. The total assets of the group increased by 69% to N309.12 billion, with customer deposits climbing by 80.5% to N173.84 billion.

Greenwich Merchant Bank achieved a zero non-performing loan ratio, indicating a high-quality loan portfolio. The bank has received approval in principle from the Central Bank of Nigeria to finalize its commercial banking license.

Managing Director Samson Ariyibi emphasized the group’s commitment to strengthening its capital base and expanding its retail financial services, with plans for a capital raise to meet regulatory requirements by 2027.