How Quest Merchant Bank Achieved the N50bn Milestone

How Quest Merchant Bank Achieved the N50bn Milestone

Quest Merchant Bank Limited has officially announced that it has met the N50 bn minimum capital requirement mandated by the Central Bank of Nigeria for merchant banks.

This regulatory milestone marks a significant achievement in the bank’s post-divestment evolution and reinforces its capacity to play a pivotal role in Nigeria’s ongoing economic transformation.

The recapitalisation directive, initiated by the CBN, aims to enhance the resilience, stability, and lending capacity of the Nigerian financial system.

By surpassing this threshold, Quest Merchant Bank has solidified its position as a robust financial partner capable of supporting large-scale infrastructure, energy, manufacturing, and corporate growth initiatives nationwide.

In a statement on Sunday, the Acting Managing Director and Chief Executive Officer of Quest Merchant Bank, Afolabi Olorode, described the achievement as a defining moment in the bank’s history, noting that the successful recapitalisation is a testament to the strength of the bank’s new ownership structure and strategic vision.

“This milestone marks a significant step forward for Quest Merchant Bank. Meeting the N50 bn capital requirement underscores investors’ confidence in our strategy and reflects the strength of our governance and franchise,” Olorode stated.

How Quest Merchant Bank Achieved the N50bn Milestone

With an enhanced capital base, the bank is now equipped to execute its next phase of growth, which includes underwriting larger transactions and expanding its advisory, capital markets, and structured financing capabilities.

Olorode emphasised that the bank’s focus remains steadfast on supporting the broader Nigerian economy while delivering sustainable value to its clients, saying, “With this strengthened capital position, we are equipped to play an even greater role in financing key sectors of the Nigerian economy, enabling private enterprise, and supporting sustainable economic expansion.

“Our focus remains clear. We will continue to help our clients succeed while serving as a trusted long-term partner in delivering sustainable growth,” he added.

This accomplishment reflects investors’ continued confidence in the bank’s long-term strategy, strong governance, and sustainable growth outlook under its new ownership.

As Quest Merchant Bank moves forward, it remains committed to responsible growth, innovation, and the provision of strategic financial solutions that empower businesses and institutions nationwide.