Quest Merchant Bank Limited has officially fulfilled the ₦50 billion minimum capital requirement mandated by the Central Bank of Nigeria (CBN) for merchant lenders.
In a statement released on Thursday, the bank noted that this achievement significantly strengthens its capital base and enhances its capacity to drive Nigeria’s economic transformation.
This milestone is viewed as a testament to investor confidence in the bank’s long-term strategy, governance, and sustainable growth outlook following its recent ownership transition.
With this considerably enhanced financial standing, Quest Merchant Bank is now strategically positioned to underwrite larger transactions and expand its advisory, capital markets, and structured financing capabilities.
The CBN’s recapitalization directive aims to reinforce the resilience and lending capacity of the national financial system, and by meeting this benchmark, Quest solidifies its role as a trusted partner in infrastructure, energy, and manufacturing.
Afolabi Olorode, the Acting Managing Director and CEO, described the accomplishment as a defining moment in the bank’s journey.
He emphasized that the strengthened capital position equips the institution to play a greater role in financing private enterprises and supporting sustainable economic expansion.
Moving forward, the bank remains committed to providing innovative financial solutions that empower businesses and institutions throughout Nigeria.