We are bringing Greenwich closer to customers during the time that maintaining the standard, professionalism and tie-driven facility for which we are recognized,” Ogundeji said.
The bank plans to support businesses seeking to establish, increase and scale their operations through means of financing and other financial solutions, whilst leveraging its encounter in corporate and institutional support to enter in larger commercial opportunities.
Building towards nationwide expansion
Category Chairman of Greenwich Holdings Unchanging, Kayode Falowo, said the transfer into commercial banking was a natural progression subsequent to extra than three decades of operations across stockbroking, investment banking, issuing house services and other areas of financial services.
- “Commercial banking was the natural measure for us to adhere to once all that we have done,” Falowo said at the Ikoyi commissioning.
He said the modern licence significantly broadens what Greenwich can present its customers.
- “At present, we will do everything that any other bank in Nigeria will do,” Falowo said.
Falowo added that Greenwich would combine its tangible network including technology as it works towards a broader nationwide footprint.
- “I promise you and assure you that in a highly few years, we will be coming again to celebrate a much bigger enterprise, which will be the statewide bank that is extend all over Nigeria,” he said.
The Ikoyi location is moreover expected to house Greenwich Holding Direction and Greenwich Securities, providing customers including admission to banking, investment and wealth-oversight services from the same location.
NGX chairman backs commercial banking expansion
Chairman of Nigerian Swap Category, Umaru Kwairanga, who spoke at the commissioning, said Greenwich’s prolonged past in Nigeria’s investment offer could provide a principle for its expansion into commercial banking.
He traced the institution’s roots to Greenwich Trust Restricted and said the collection had expanded from its one-of-a-type broker-dealer, issuing house and financial helpful operations into banking, resource regulation, trusteeship and registrar services.
He said Greenwich had built a niche in the investment address over the years and expressed confidence that its expansion would go beyond its up-to-date district mandate.
Kwairanga too pointed to a possible upcoming listing of the bank on the Nigerian Exchange as the institution grows.
- “Using the territorial licence and, before extended, the nationwide licence, you can rest assured that it is merely a material of time in advance of we have Greenwich Bank quoted on the Nigerian Address,” he said.
Collection targets stronger finance base, electronic expansion
Staff Managing Administrator of Greenwich Holdings Restricted, Oyewale Ariyibi, said the crew would persist to fund its assets base, lengthen its retail financial-services footprint and accelerate its web-based transformation agenda.
- “The commercial banking licence granted Greenwich Bank forms portion of a broader technique to develop a stronger financial services category qualified of providing complementary solutions across banking, advantage administration, securities and associated financial services,” Ariyibi said.
The commercial banking expansion follows earlier moves by Greenwich to strengthen its assets place ahead of its transition.
- The group had previously said resources strengthening, subsidiary expansion and electronic transformation would continue key priorities as it grows its financial-services businesses.
On Greenwich
Greenwich Holdings comprises Greenwich Bank Limited, Greenwich Investment Markets Limited, Greenwich Resource Command Lesser and Greenwich Securities Restricted, although its broader financial-services ecosystem moreover includes Greenwich Registrars and Figures Solutions Restricted and Greenwich Trustees Restricted.
The collection traces its roots to Greenwich Trust Established, which was incorporated in 1992 and commenced operations in June 1994 as a Securities and Exchange Commission-regulated financial adviser and issuing house.
It subsequently converted into Greenwich Merchant Bank in 2020 once obtaining a merchant banking licence from the CBN, prior to beginning its up-to-date transition into nearby commercial banking.
Greenwich Bank Slender has commenced operations as a area commercial bank, commissioning three branches in Ikoyi, Victoria Island and Surulere, Lagos, on Friday, October 2, 2026, as it begins a modern phase of expansion beyond merchant banking.
The bank is additionally scheduled to commission branches in Akure on October 8 and Ado-Ekiti on October 9, bringing the opening phase of its commercial banking network to five locations.
The expansion follows regulatory approval granted in August 2026 for Greenwich to operate as a area commercial bank, widening its mandate beyond timeless merchant banking to hold individuals, small and medium-sized enterprises, commercial organisations and society-sector institutions.
The recent branches sign the beginning of Greenwich Bank’s planned concrete expansion into locations before the complete of regions approved by the Primary Bank of Nigeria (CBN), during the time that complementing the bank’s growing computerized banking channels.
At the commissioning of the Ikoyi branch on October 2, Chairman of Greenwich Bank Tight, Segun Oloketuyi, described the transition as a modern chapter in the institution’s additional than three-decade chronology.
- “Our commitment is to develop a bank that understands that banking is in the finish concerning persons, their aspirations, their businesses, their families and their prospective,” Oloketuyi said.
He said Greenwich intends to differentiate itself across facility standard, integrity and the value it creates for customers as it expands into retail and commercial banking.
Oloketuyi furthermore charged employees of the novel branch to create it familiar for exceptional solution, professionalism and functioning excellence.
The bank said the expansion represents further than an develop in its genuine-world presence, describing it as element of a broader tactic to produce its services additional obtainable to households, entrepreneurs, businesses and institutions.
The Bank would leverage its strengthened money base, swap expertise, technology and collaboration-driven method to present inventive banking solutions whereas creating lengthy-term value for customers, shareholders and other stakeholders.
Managing Supervisor and Principal Executive Officer of Greenwich Bank, Benson Ogundeji, said the branch openings represent an important stage in the bank’s evolution and efforts to take its expanded capabilities closer to customers.
- “The opening of these branches is an key element of that voyage.
Source: Greenwich Bank goes commercial, opens five branches in Lagos, Akure, Ado-Ekiti
