Coronation Merchant Bank

Coronation Merchant Bank is a Nigeria investment bank and financial services company headquartered in Lagos, Nigeria. It offers services in Corporate Banking, Investment Banking, Private Banking-Wealth Management, International Trade and Global Markets/Treasury.
The bank is one of the leading investment banks in Nigeria. World Finance and Global Banking & Finance Awards all named Coronation Merchant Bank “Best Investment Bank, Nigeria” in 2019.
In January 2020, the bank appointed Banjo Adegbohungbe as the Acting Managing Director following the retirement of Abu Jimoh. In April 2020, the bank held its 5th Annual General Meeting (AGM) and he was confirmed as the substantive Managing Director/CEO following the Central Bank of Nigeria (CBN) approval.
== History ==
In 1993. Associated Discount House Limited (ADHL) now Coronation Merchant Bank was founded. ADHL was licensed by the Central Bank of Nigeria to provide liquidity for sovereign debts notes and money market instruments.
In 2011, a new leadership was formed at ADHL, marking a new era for the emergence of Coronation Merchant Bank. The company has maintained a continuous growth across all metrics, turning challenges in the financial industry into opportunities.
ADHL began the transition into a merchant bank & Coronation Merchant Bank. A merchant bank license was obtained in 2013 and an FX dealing license in 2015.
== Current Operation ==
The company includes 4 business units, as follows:
=== Corporate Banking ===
The Bank offers global expertise in providing solutions that meet the banking needs of businesses, manage risks efficiently and finance their plans for growth.
=== Investment Banking ===
The Investment Banking division of the Bank offers a suite of efficient and high impact financial support solutions covering raising equity, debt or structured capital for businesses.
=== Treasury & Global Markets ===
The Bank is a primary dealer/market maker in the fixed income and currencies market and also, a dealing member of the Financial Markets Dealers Quotation (FMDQ), Securities Exchange and Financial Markets Dealership Association (FMDA). 
=== International Trade ===
Coronation Merchant Bank offer export/import financing and various types of structured finance to businesses.
== Finances ==
N'm 	N'm 	N'm 	N'm
Year	Gross earnings	PBT 	Total assets
2015	11,238 	2,330	78,801
2016	14,792 	5,198	107,048
2017	24,749 	4,933	137,673
2018	27,957 	5,196	222,779
2019	31,129 	5,024	253,350
*CAGR - Compounded Annual Growth Rate: 2015 Base Year
== Corporate Governance ==
Name 	Designation
Mr. Babatunde Folawiyo 	Chairman
Mr. Babatunde Dabiri 	Non-Executive Director /Independent
Mrs. Suzanne Iroche 	Non-Executive Director /Independent
Ms. Olubunmi Fayokun 	Non-Executive Director /Independent
Mr. Larry Ettah 	Non-Executive Director
Ms. Evelyn Oputu 	Non-Executive Director
Mr. Adamu Atta 	Non-Executive Director
Mr. Idaere Ogan 	Non-Executive Director
Mr. Abubakar Jimoh 	Executive Director
Mr. Adebanjo Adegbohungbe	MD/CEO
* As of June, 2020
== Awards and recognition ==
* In 2018, Coronation Merchant Bank was named the Best Investment Bank, Nigeria by Global Business Outlook, World Finance and International Finance Awards
* Businessday (BAFI Awards) named Coronation Merchant Bank the "Investment Bank of the Year" in 2018 and 2019
* World Finance and Global Banking & Finance Awards named Coronation Merchant Bank “Best Investment Bank, Nigeria” in 2019
* In July, 2020, World Finance named Coronation Merchant Bank as the winner for “Best Investment Bank, Nigeria". 
== References ==
== External Links ==
* Official website
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Category:Investment banks
Category:Investment banking
Category:Nigerian investment banks
Category:Financial services companies
Category:Financial services companies of Nigeria
Category:Companies based in Lagos