Greenwich Bank Limited has officially opened its first three commercial banking branches in Lagos, Nigeria. The new branches are located in Surulere, Ikoyi, and Victoria Island. This expansion marks a significant milestone for the bank as it transitions from a merchant bank to a commercial bank with regional authorization. The bank's physical branch rollout aims to provide customers with accessible and professional banking services.
The Lagos State Government has commended Greenwich Bank for its expansion, describing it as a positive development that will support financial inclusion, wealth creation, and economic growth in the state. Lagos State Governor, Babajide Sanwo-Olu, represented by Commissioner for Finance, Abayomi Oluyomi, expressed optimism that the bank will support individuals and businesses while contributing to the growth of the Lagos economy. The governor emphasized the importance of banks like Greenwich in expanding business opportunities.
Group Chairman of Greenwich Holdings Limited, Kayode Falowo, highlighted that the bank plans to establish additional branches in other locations within the regions approved by the Central Bank of Nigeria. Falowo emphasized that the bank will bring institutional banking discipline to everyday banking needs, providing professional service and respect to all customers. The new branch network will complement the bank's digital channels, combining physical accessibility with technology-driven banking services.
Greenwich Bank Limited Chairman, Segun Olekutuyi, described the branch openings as a significant milestone and the start of a new chapter for the institution. Olekutuyi stated that the bank will seek to meet the aspirations of its stakeholders through quality services and products, integrity, speed, and value for customers. The bank aims to provide a unique banking experience that caters to a broad range of customers.
Group Managing Director of Greenwich Holdings Limited, Oyewale Ariyibi, outlined the group's strategy to strengthen its capital base, expand its retail financial services footprint, and accelerate its digital transformation agenda. Ariyibi emphasized that the expansion of Greenwich Bank is part of a broader strategy to build a stronger financial services group capable of providing complementary solutions across banking, asset management, and securities.
Managing Director of Greenwich Bank Limited, Benson Ogundeji, noted that the branch openings mark an important stage in the bank's evolution and its efforts to make its expanded capabilities more accessible to customers. Ogundeji stated that the commercial banking license provides Greenwich with an opportunity to build on its corporate and institutional banking heritage while extending its relationship-driven model to individuals, SMEs, and a wider range of businesses.
The expansion of Greenwich Bank has received commendations from various stakeholders, including Group Chairman of Nigerian Exchange Group, Umaru Kwairanga. Kwairanga noted that NGX Group is proud of Greenwich Bank's evolution and its contribution to Nigeria's financial system. The bank's unique role in deepening the financial market and supporting customers to grow has been acknowledged.
Key points
- - The bank has opened three new branches in Surulere, Ikoyi, and Victoria Island. - The expansion aims to support financial inclusion, wealth creation, and economic growth in Lagos. - The bank plans to establish additional branches in other locations within the regions approved by the Central Bank of Nigeria.
