Greenwich Holdings shareholders commend strong 2025 performance and holding company transition

Shareholders of Greenwich Holdings Limited have commended the board and management for the company’s robust financial performance in 2025 and its successful transition into a financial holding company. At the company’s maiden Annual General Meeting in Lagos, shareholders approved all presented resolutions, including a proposal to increase share capital, subject to regulatory approval, and the re-election of all directors.

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the company’s strong financial performance in 2025 and successful transition into a financial holding company.

During the 2025 financial year, Greenwich Holdings achieved a 131.9 percent increase in gross earnings, reaching N64.23 billion. Profit before tax rose by 71 percent to N19.29 billion, and profit after tax grew 71.3 percent to N13.89 billion. Total assets saw a 69 percent increase, climbing to N309.12 billion, while shareholders’ funds grew 67 percent to N76.71 billion. Customer deposits also climbed significantly, up 80.5 percent to N173.84 billion.

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the holding company structure as a strategic platform aimed at strengthening governance, improving capital deployment, and enhancing long-term shareholder value.

Chairman of the group, Kayode Falowo, highlighted the company's strong cost discipline despite inflationary pressures and continued investments in technology and branch expansion. He noted that the bank recorded zero non-performing loans during the period. Falowo described the holding company structure as a strategic platform designed to enhance governance, improve capital deployment, and boost long-term shareholder value. The group has received Approval-In-Principle for the conversion of Greenwich Merchant Bank to a commercial bank with regional authorization, awaiting the final license.

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the group had received Approval-In-Principle for the conversion of Greenwich Merchant Bank to a commercial bank with regional authorisation, awaiting the final licence.

Group Managing Director Samson Ariyibi outlined the group's restructuring, which led to the establishment of the holding company with subsidiaries: Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, Greenwich Securities Limited, and Greenwich Capital Markets Limited. He also addressed the need to raise additional capital to recapitalize affected subsidiaries ahead of the Securities and Exchange Commission's 2027 deadline for revised minimum capital requirements for capital market operators. The group remains focused on strengthening its capital base, expanding its financial services footprint, and advancing its digital transformation agenda.

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the group had undertaken a restructuring that led to the formal establishment of the holding company with the following subsidiaries: Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, Greenwich Securities Limited, and Greenwich Capital Markets Limited.