Greenwich Merchant Bank has attained a major growth milestone by successfully meeting the Central Bank of Nigeria’s (CBN) N50 billion minimum capital requirement for banks of its level.
The apex bank, in a letter dated September 22, 2025, confirmed its approval of Greenwich’s N22.6 billion fresh capital raised through a Rights Issue and Private Placement, which brought the bank’s total capital above the new threshold and strengthened its standing as one of Nigeria’s most progressive financial institutions.
The fresh injection of capital significantly enhances Greenwich’s financial capacity, positioning it to underwrite larger transactions, offer more competitive financing and expand its product portfolio. The move also bolsters investor confidence, ensuring sustainable growth and improved returns.
Speaking on the achievement, the Chairman of Greenwich Group, Mr. Kayode Falowo, described the development as “a significant milestone in our growth journey and a strong testament to the resilience and commitment of everyone across the organisation.”
He added: “It positions us strategically for the next phase of our expansion and service delivery. We thank our shareholders for their trust and applaud the Board and Management for their dedication in achieving this. Greenwich remains committed to driving even greater achievements in the future.”
In his remarks, the Managing Director and Chief Executive Officer, Mr. Benson Ogundeji, emphasised that the milestone reflects confidence in the bank’s strategic vision and operational excellence.
“Our successful capital raise is not just a regulatory compliance milestone; it is proof of the confidence our shareholders place in our vision and the trust our clients and partners have built with us over the years,” Ogundeji said.
He added: “We see this as a springboard to strengthen our capacity to deliver innovative financial solutions while contributing meaningfully to Nigeria’s economic growth and stability.”
The bank’s capitalisation success comes at a pivotal time as Nigerian banks intensify efforts to meet the CBN’s recapitalisation directive aimed at boosting sector stability and deepening resilience.
For Greenwich, it underscores a solid foundation to sustain growth, navigate evolving market dynamics, and deliver long-term value to clients and investors.
According to the bank, the additional capital will be deployed strategically to accelerate digital transformation, broaden product offerings, and enhance its market presence. Plans are already underway to roll out innovative financial products tailored to emerging client needs, including digital investment platforms, SME-focused credit facilities, sustainable finance solutions, and enhanced wealth management services.
Greenwich also intends to explore strategic partnerships that will unlock new opportunities in Nigeria’s fast-evolving financial landscape.
Greenwich Merchant Bank (formerly Greenwich Trust Limited) is a leading Nigerian financial institution delivering bespoke financial and investment solutions to corporate, institutional, and high-net-worth clients. Established in 1992 and converted to a Merchant Bank in 2020, the bank offers integrated services across Corporate Banking, Private Banking, Investment Banking, Treasury, Asset Management, and Securities.
Licensed by the Central Bank of Nigeria, Greenwich combines deep market insight, advanced technology, and robust governance to deliver strategic, efficient, and enduring financial solutions that drive sustainable growth.
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