After a damaging recession in 2016, Nigeria’s investment banks have bounced back with renewed vigour, as new regulations and technology continue to create fresh opportunities. The Nigerian banking sector has emerged from its recession with new characteristics. First, let us look at commercial banks specifically: their business models are traditional and require a lot of …
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How Coronation Merchant Bank is contributing to Nigeria’s investment banking renaissance
Coronation Merchant Bank to deepen Nigeria’s capital market, boost infrastructure
Coronation Merchant Bank Posts N5.3bn Profit
Coronation Merchant Bank Limited said it sustained its tradition of impressive performance with strong financial results for the year ended 2016. The Group’s 2016 results showed that its profit before tax (PBT) rose to N5.3 billion, representing an increase of 128 per cent over last 2015 performance of N2.3 billion. The bank’s net interest income …
More →Coronation Merchant Bank group releases H1 2016 results
Coronation Merchant Bank Group has sustained its impressive record with strong half-year (H1) performance in 2016. The Group’s results reflect transparency and excellence, which are the defining attributes of the Coronation Merchant Bank brand. H1 2016 financial results showed a 108% growth in Profit Before Tax (PBT) to N2.74bn from N1.32bn in H1 2015. Profit After Tax (PAT) …
More →Agusto & Co. upgrades Coronation Merchant Bank’s credit rating to “A”
Coronation Merchant Bank (‘the Bank’), formerly Associated Discount House Limited, announced today that Agusto & Co., Nigeria’s foremost rating agency, has upgraded its corporate rating. The rating agency raised Coronation Merchant Bank’s credit rating from an “A-“ to an “A” and cited stable outlook. This serves as a testament to the Bank’s “strong capitalisation, good …
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