Greenwich Merchant Bank Limited has received an upgraded credit rating of ‘A-’ with an outlook from rating agency Agusto & Co., signalling financial strength, risk management and a path for long-term growth.

This marks an upgrade from its previous “BBB+” rating in 2024 and reflects the bank’s operational performance and sustained profitability.

In a statement, the bank’s Head of Corporate Communications, Ozena Utulu, said the new rating affirms Greenwich Merchant Bank’s resilience and strong capacity for sustained value delivery.

“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,” Utulu said.

She added 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.