Coronation Merchant Bank Limited has announced its Audited Financial Results for the year ended 31 December 2021 and declared a PBT of N2.796 bn. Commenting on the financial results, Banjo Adegbohungbe, the Managing Director of Coronation Merchant Bank said that “The year was characterized by significant challenges including the escalating impact of cash reserve requirements, …
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Coronation Merchant Bank Records 61% Growth In Gross Earnings For 2021 FY
Coronation Merchant Bank records 15% growth in PBT for 2020 FY
… declares PBT of N5.784bn. Coronation Merchant Bank Limited has announced its Audited Financial Results for the year ended 31 December 2020 and declared a PBT of N5.784 bn. Commenting on the financial results, Banjo Adegbohungbe, the Managing Director of Coronation Merchant Bank said that “despite the challenges in our operating environment, we navigated the …
More →Coronation Merchant Bank holds virtual AGM, appoints substantive MD
Coronation Merchant Bank Limited held its 5th Annual General Meeting (AGM) on Tuesday, April 14, 2020. The meeting, which took place at the Bank’s head office, was held in strict compliance with social distancing rules and the directives of the Federal and Lagos State Governments. Only nine persons attended physically, while others participated via video …
More →Coronation Merchant Bank records 14% growth in Earnings for 2019 FY
…. declares PAT of N5.097 bn Coronation Merchant Bank Limited has announced its Audited Financial Results for the year ended 31 December 2019 and declares a PAT of N5.097 bn. Commenting on the financial results, Banjo Adegbohungbe, Ag. Managing Director of Coronation Merchant Bank said that “despite the volatility of our operating environment, we navigated …
More →Coronation Merchant Bank Group Release its 2018 Reports
Coronation Merchant Bank Group records 46% growth in Non-Interest Earnings for 2018 FY Coronation Merchant Bank Limited (‘CORONATION MB);Africa’s leading financial institution, announced its 2018 Full Year Results to stakeholders during its Annual General Meeting in which the Bank posted a Profit Before Tax of N5.3billion. Speaking at the AGM, Abu Jimoh, Group Managing Director/CEO …
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 →Coronation Merchant Bank’s maiden results reflect a legacy of excellence
LAGOS, Nigeria, March 2016 Upholding its discount house legacy, Coronation Merchant Bank (‘the Bank’) has sustained its tradition with impressive first year results. The Bank’s outcomes, which were the first in the banking industry to be announced for the 2015 fiscal year, reflect accountability, transparency and a culture of responsibility that are defining attributes of …
More →Coronation Merchant Bank issues N16.79 billion FMDQ-listed commercial paper for UACN property development company Plc (“UPDC”)
Coronation Merchant Bank (‘the Bank’), formerly Associated Discount House Limited, has completed the issuance of a N16.79bn senior unsecured FMDQ-listed commercial paper for UACN Property Development Company Plc (“UPDC”). The transaction, which was part of UPDC’s N24bn listed commercial papers programme, was oversubscribed by 67.9%, amounting to N6.79bn over the sum of N10bn initially targeted …
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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