Greenwich Merchant Bank Hits N50bn Capitalization Milestone in Nigeria

Greenwich Merchant Bank has successfully met the N50 billion capital requirement mandated by the Central Bank of Nigeria, with CBN's approval of the bank's N22.6 billion fresh capital raise through rights issue and private placement. The bank's Chairman, Kayode Falowo, highlighted this achievement as a significant milestone in their growth journey, demonstrating resilience and commitment.

Managing Director and CEO, Benson Ogundeji, emphasized that the capital raise not only ensures regulatory compliance but also reflects shareholders' confidence in the bank's vision and trust. This milestone is seen as a springboard for Greenwich to enhance its capacity in delivering innovative financial solutions and contributing meaningfully to Nigeria's economic growth.