Greenwich Merchant Bank Limited has been upgraded to an ‘A-’ credit rating with a stable outlook from rating agency Agusto & Co., reflecting its strong financial position, effective risk management, and promising long-term growth prospects.
This marks an upgrade from its previous “BBB+” rating in 2024 and reflects the bank’s operational performance and sustained profitability.
According to a statement made by Ozena Utulu, the bank’s Head of Corporate Communications, the new rating affirms Greenwich Merchant Bank’s resilience and strong capacity for sustained value delivery.
Utulu said, “This upgrade to an A- rating by Agusto & Co. underscores the bank’s fundamentals, risk management, and strong commitment to its transformation into a diversified financial services group.”
In addition, she said that the bank continues to serve a high-value clientele across strategic sectors, including manufacturing, agriculture, healthcare, fast-moving consumer goods, construction, telecoms, oil and gas, and financial services.
In March 2025, the Central Bank of Nigeria granted regulatory approval for the establishment of Greenwich Holdings Limited as a non-operating financial holding company. This approval allows the group to consolidate its subsidiaries, Greenwich Merchant Bank, Greenwich Asset Management Limited, and Greenwich Securities Limited, under a unified governance structure, aligned with long-term strategic objectives.
Formerly known as Greenwich Trust Limited, the bank has over three decades of experience and is registered with the Securities and Exchange Commission.
Greenwich remains committed to delivering tailored, high-impact financial solutions to both public and private sector clients while maintaining its reputation for innovation and excellence.
