…. 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 …
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Coronation Merchant Bank records 14% growth in Earnings for 2019 FY
IFC Partners with Coronation Merchant Bank to Boost Trade Finance in Nigeria
3 March 2020, Lagos, Nigeria IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation Merchant Bank to establish and expand correspondent banking partnerships with several international banks in IFC’s Trade Finance program, broadening …
More →Banjo Adegbohungbe appointed Acting Managing Director, Coronation Merchant Bank
Lagos, Nigeria – January 30, 2020 The Board of Directors of Coronation Merchant Bank Limited has announced the appointment of Banjo Adegbohungbe (Banjo) as the Acting Managing Director of the Bank effective February 1, 2020. This announcement follows the Central Bank of Nigeria’s approval of the appointment. Banjo is positioned to succeed the current Managing …
More →Coronation Merchant Bank Receives ISO 27001:2013 Certification For Information Security Management
…pledges even more enhanced services Coronation Merchant Bank, Nigeria’s premier investment and merchant banking brand, today was awarded the International Organization for Standardisation’s ISO 27001:2013 Certification for Information Security Management by the British Standard Institute (BSI). This ISO 27001:2013 certification signifies Coronation Merchant Bank’s adherence to the highest internationally recognised standards and stringent controls for …
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 Reveals New Corporate Identity
Coronation Merchant Bank Limited (CORONATION MB); an emerging merchant banking franchise with industry-leading financial stability indicators has today unveiled its new corporate identity.
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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