Greenwich Merchant Bank Meets N50 Billion Capital Requirement Set by CBN
Greenwich Merchant Bank has achieved the N50 billion capital requirement mandated by the Central Bank of Nigeria (CBN) through a successful capital raise of N22.6 billion. This milestone significantly enhances the bank's financial strength, enabling it to underwrite larger transactions and offer competitive financial terms.
The bank's chairman, Kayode Falowo, sees this achievement as a springboard to strengthen its capacity to deliver innovative financial solutions and contribute meaningfully to Nigeria's economic growth. The bank's Managing Director and CEO, Benson Ogundeji, emphasizes that this success is not just about regulatory compliance but also a testament to the trust placed in the bank by its shareholders, clients, and partners.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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