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LAGOS  – Greenwich Merchant Bank has announced that it has successfully surpassed the N50 billion capitalisation threshold mandated by the Central Bank of Nigeria (CBN), reaffirming its financial strength and long-term growth ambitions. 

The bank disclosed that the CBN, in a letter dated September 22, 2025, confirmed approval of its N22.6 billion fresh capital raised through a Rights Issue and Private Placement. With this development, Greenwich’s approved capital now exceeds the N50 billion regulatory benchmark, positioning it among the most robust and forward-looking financial institutions in Nigeria. 

According to the bank, the new capitalisation milestone enhances its capacity to underwrite larger transactions, offer more competitive financing terms, and improve overall service delivery. It also places the institution on a stronger footing to deliver bespoke banking and investment solutions to its expanding client base. 

Speaking on the achievement, Mr. Kayode Falowo, Chairman of Greenwich Group, described the milestone as a testament to the resilience and commitment of the bank’s stakeholders.

“This is a significant milestone in our growth journey and a strong testament to the resilience and commitment of everyone across the organisation,” Falowo said. “It positions us strategically for the next phase of our expansion and service delivery. We thank our shareholders for their trust and applaud the outstanding contributions of our Board and Management.”