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Tag: Afolabi Olorode

  • Quest Merchant Bank Reports Strong FY2025 Performance at 11th AGM

    Quest Merchant Bank Reports Strong FY2025 Performance at 11th AGM

    Quest Merchant Bank Limited successfully held its 11th Annual General Meeting (AGM), during which shareholders approved the Bank’s Audited Financial Statements for the year ended December 31, 2025, and commended the institution on its strong financial performance, successful recapitalisation, and long-term strategic direction.

    The recent AGM follows the successful acquisition of the Bank by Everquest Acquisition LLP a special purpose vehicle led by Custodian Investments Plc, as well as the attainment of the Central Bank of Nigeria’s ₦50 billion minimum capital requirement ahead of the regulatory deadline.

    Quest Merchant Bank delivered a strong financial performance for the 2025 financial year, with gross earnings increasing by 29% year-on-year to ₦81.5 billion, driven by growth in net interest income and stronger asset yields. Profit before tax expanded by 23%, while operating efficiency improved significantly, with the Bank’s cost-to-income ratio improving by 2.3 percentage points.

    The Bank also maintained strong liquidity and asset quality indicators while further strengthening its governance, risk management, and compliance frameworks in response to evolving regulatory expectations and market dynamics.

    The Ag. Managing Director/CEO, Afolabi Olorode, stated that the Bank’s performance reflects a deliberate strategy anchored on operational excellence, client-centricity, innovation, and disciplined execution.

    “Our strategic focus remains clear: to build a leading merchant bank anchored on strong capital, innovation, execution excellence, and deep client relationships. With our enhanced capital base and the launch of our 2026–2030 strategic plan, Quest Merchant Bank is exceptionally well-positioned to support critical sectors of the economy while delivering superior value to shareholders and stakeholders alike,” he said.

    He added that the Bank would continue to deepen its capabilities across corporate and investment banking, wealth management, and global markets, while accelerating investments in technology, talent development, and operational resilience.

    Shareholders at the AGM also approved key resolutions, including the payment of dividend, election of directors, and amendments to the Bank’s Memorandum and Articles of Association.

    In line with its commitment to inclusive development and sustainable impact, the Bank expanded its corporate social responsibility initiatives during the year through financial literacy programmes, youth empowerment initiatives, healthcare interventions, and inclusive education partnerships.

    Looking ahead, Quest Merchant Bank reaffirmed its commitment to strategic expansion, innovation, and sustainable finance while continuing to support Nigeria’s economic transformation agenda through strategic financial intermediation and advisory services.

  • Quest Merchant Bank Strengthens Market Position as GCR Revises Outlook to Stable.

    Quest Merchant Bank Strengthens Market Position as GCR Revises Outlook to Stable.

    Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the Bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to Stable from Rating Watch Negative.  

    The ratings action marks a significant milestone for Quest Merchant Bank following a transformative period for the institution, reflecting renewed confidence in the Bank’s financial strength, market positioning, liquidity profile and future growth trajectory.

    According to GCR, the revised Stable Outlook is anchored on Quest Merchant Bank’s sound risk profile, improved capitalization and strong liquidity, alongside the successful transition of the Bank’s ownership structure following its acquisition by EverQuest LLP after the divestment by FBN Holdings.

    The rating agency also highlighted the Bank’s strong presence within Nigeria’s merchant banking sector, where Quest Merchant Bank accounted for c.30% of the sub-sector’s total assets as of 31 December 2025, reinforcing its position as one of the country’s leading merchant banking institutions.

    Further strengthening the Bank’s outlook was the successful completion of its ₦42.9 billion capital raise in March 2026 in line with the Central Bank of Nigeria’s revised minimum capital requirements. GCR noted that the capital injection is expected to further enhance the Bank’s capital adequacy position and support the next phase of business growth.

    Quest Merchant Bank’s asset quality and liquidity profile also remained key strengths underpinning the ratings affirmation. The Bank maintained a NPL ratio of 3.2%, significantly below the broader banking industry average, while continuing to sustain strong liquidity metrics and resilient earnings performance.

    GCR additionally recognised the strategic value of the Bank’s relationship with Custodian Investment Plc, noting the potential for expanded business opportunities, operational synergies and stronger profitability over time.

    Commenting on the development, Afolabi Olorode, Ag. Managing Director/CEO, Quest Merchant Bank Limited, said:

    “This outlook revision is a strong signal of confidence in the future of Quest Merchant Bank and the progress we have made in strengthening our organization over the last year.

    “Beyond the ratings action itself, this recognition reflects the resilience of our business, the quality of our balance sheet, and the confidence our clients, partners and stakeholders continue to place in the Bank.

    “We have emerged from a defining transition period stronger, well-capitalized and better positioned to capture the opportunities ahead. We remain committed to delivering innovative solutions, creating long-term value and supporting economic growth across the sectors we serve.”

    The Stable Outlook reflects GCR’s expectation that Quest Merchant Bank will continue to maintain sound asset quality, stable funding and strong liquidity metrics over the next 12 to 18 months, further reinforcing confidence in the Bank’s long-term strategic direction and operating fundamentals.

  • Quest Merchant Bank appoints Ayo Lewis as Executive Director, Risk Management & ECO

    Quest Merchant Bank appoints Ayo Lewis as Executive Director, Risk Management & ECO

    Quest Merchant Bank has announced the appointment of Mr. Andrew Olufunmilayo Lewis (Ayo Lewis) as Executive Director, Risk Management and Executive Compliance Officer (ECO), following regulatory approval by the Central Bank of Nigeria (CBN).

    The appointment reinforces the Bank’s strategic commitment to strong governance, disciplined risk management, and institutional resilience as it advances its long‑term growth and transformation agenda.

    Ayo Lewis brings over 33 years of deep, cross‑functional experience in the financial services industry, spanning enterprise risk management, regulatory compliance, and banking operations. He joins Quest Merchant Bank from Sterling Financial Holdings Company, where he served as Group Chief Risk Officer, providing strategic leadership in the design and implementation of integrated risk management frameworks and the optimisation of enterprise‑wide risk portfolios across multiple subsidiaries.

    Earlier in his career, Ayo spent more than two decades in market‑facing roles across consumer, commercial, and corporate banking. This blend of frontline banking experience and senior risk leadership equips him with a balanced, market‑informed perspective on risk, performance management, and value creation—an asset that will be critical as the Bank continues to scale responsibly.

    In his capacity as Executive Director, Risk Management & ECO, Ayo Lewis will drive operational efficiency and reinforce a risk culture aligned with sustainable growth and regulatory excellence.

    Commenting on the appointment, Afolabi Olorode, Ag. Managing Director/CEO, Quest Merchant Bank, said:

    “Ayo’s appointment reflects our deliberate and disciplined approach to building a strong, forward‑looking institution anchored on robust governance and sound risk practices. His depth of experience and proven leadership will be instrumental as we continue to execute our strategy and deliver long‑term value to our clients and stakeholders.”

    Ayo Lewis holds a degree in Actuarial Science from the University of Lagos and has completed executive education programmes at leading global institutions, including Stanford University, The Wharton School, London School of Management and Leadership, and Lagos Business School.

  • Quest Merchant Bank Limited Unveils New Brand Identity, Signalling Next Phase of Strategic Growth

    Quest Merchant Bank Limited Unveils New Brand Identity, Signalling Next Phase of Strategic Growth

    Quest Merchant Bank Limited has unveiled its new brand identity, marking a significant step in the Bank’s ongoing evolution following its recent name change.

    The refreshed identity reflects the Bank’s strategic direction as it deepens its role as a trusted partner to institutions and investors, providing insight-driven financial solutions and a disciplined approach to supporting long-term value creation.

    With a strong legacy of execution and a deep understanding of key sectors, the Bank continues to differentiate itself through measured decision-making, strong risk management, and the ability to navigate increasingly complex market environments. The new identity brings these qualities into sharper focus, while signalling a renewed emphasis on growth, innovation, and relevance in a changing financial landscape.

    Quest Merchant Bank remains focused on supporting clients throughout their growth journey, helping unlock opportunities, structure transactions effectively, and provide the clarity needed to make confident financial decisions in dynamic conditions.

    Afolabi Olorode

    Commenting on the development, the Ag. Managing Director/CEO, Afolabi Olorode, stated, “Our new brand identity represents an important step in our journey as Quest Merchant Bank. It reflects both who we are and where we are headed, an institution grounded in experience yet firmly focused on the future. As we continue to evolve, our priority remains to provide our clients with the clarity, confidence, and strategic support they need to achieve their long-term objectives.”

    The refreshed identity will be progressively reflected across the Bank’s touchpoints, aligning its visual presence with its strategic ambition and ongoing investments in innovation, digital transformation, and service delivery.

    Quest Merchant Bank remains focused on reinforcing its position as a leading merchant bank, trusted by institutions and investors to unlock value and deliver sustainable financial outcomes.

  • Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative

    Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative

    Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE (Broadband Infrastructure Development for Digital Economy), a flagship national broadband initiative led by Honourable Minister, Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE), Dr. ‘Bosun Tijani.

    Project BRIDGE is a strategic digital infrastructure initiative designed to significantly expand Nigeria’s fibre-optic infrastructure and accelerate broadband penetration across the country. The project will deploy approximately 90,000 kilometres of open access fibre-optic cable, strengthen nationwide connectivity and enable inclusive digital and economic growth.

    As Transaction Advisor, Quest Merchant Bank will support FMCIDE and the Project BRIDGE Project Implementation Unit in structuring and implementing the project’s financial and commercial framework. The mandate includes developing bankable investment structures, supporting investor engagement, and designing the public–private partnership framework required to facilitate successful project execution and long-term sustainability.

    Commenting on the appointment, Afolabi Olorode, Ag. Managing Director/CEO Quest Merchant Bank, said, “Project BRIDGE represents a critical step in strengthening Nigeria’s digital backbone and unlocking the immense opportunities within the country’s digital economy. We are honoured to partner with the Federal Ministry of Communications, Innovation and Digital Economy under the leadership of Honourable Minister, Dr. ‘Bosun Tijani on this important initiative and look forward to applying our transaction advisory and infrastructure finance expertise to help deliver a robust and investable framework that will attract private capital and support long-term national development.”

    Also speaking on the appointment, Yetunde Falore, Head of Investment Banking, Quest Merchant Bank, said, “Nigeria’s digital economy is entering a defining phase, and infrastructure initiatives such as Project BRIDGE will play a central role in expanding connectivity, deepening digital inclusion, and supporting sustainable economic growth. We align with the criticality of this project and are proud to bring in our expertise to help drive a timely, efficient and successful project delivery in our role as Transaction Advisor.

    Project BRIDGE aligns strongly with His Excellency, President Bola Ahmed Tinubu’s Renewed Hope national transformation agenda, which prioritises the expansion of digital infrastructure, technology-driven productivity, and increased private-sector engagement in delivering critical national assets. By accelerating broadband penetration and strengthening the country’s digital backbone, the initiative is expected to unlock significant opportunities across key sectors—including education, healthcare, agriculture, commerce, and the wider innovation ecosystem.

    Under this appointment, Quest Merchant Bank will be supporting the Honourable Minister and the Project Implementation Team in structuring and delivering a financially robust Special Purpose Vehicle (SPV) by shortlisting qualified Private Sector participants to partner with the Nigerian Government (backed by World Bank, Africa Development Bank and European Bank for Reconstruction & Development) to deliver a world class private sector led, wholesale open Access Fibre Company. The project targets SPV set up and project break-ground by Q3 2026.

  • Quest Merchant Bank Achieves CBN Regulatory Recapitalisation Milestone, Reinforces Capacity to Drive Nigeria’s Economic Growth

    Quest Merchant Bank Achieves CBN Regulatory Recapitalisation Milestone, Reinforces Capacity to Drive Nigeria’s Economic Growth

    Quest Merchant Bank Limited has successfully met the ₦50 billion minimum capital requirement mandated for merchant banks by the Central Bank of Nigeria (CBN) strengthening the Bank’s capital base and reinforcing its capacity to support

    Nigeria’s economic transformation.

    This milestone reflects investors’ continued confidence in the Bank’s long-term strategy, strong governance, and sustainable growth outlook. It also marks an important step in the Bank’s post-divestment evolution under its new ownership, positioning Quest Merchant Bank with the balance-sheet strength needed to execute its next phase of growth.

    With a significantly enhanced capital base, Quest Merchant Bank is now better positioned to underwrite larger transactions and expand its advisory, capital markets, and structured financing capabilities across priority sectors of the Nigerian economy.

    The CBN’s recapitalisation directive, which sets ₦50 billion as the minimum capital threshold for merchant banks, is designed to reinforce the resilience, stability, and lending capacity of Nigeria’s financial system. By meeting this benchmark, Quest Merchant Bank reinforces its standing as a trusted financial partner in infrastructure, energy, manufacturing, and

    corporate growth initiatives nationwide.

    Afolabi Olorode, Acting Managing Director and Chief Executive Officer of Quest Merchant Bank, described the achievement as a defining moment in the Bank’s evolution:

    “This milestone marks a significant step forward for Quest Merchant Bank. Meeting the ₦50 billion capital requirement underscores investors’ confidence in our strategy and reflects the strength of our governance and franchise.

    With this strengthened capital position, we are equipped to play an even greater role in financing key sectors of the Nigerian economy, enabling private enterprise, and supporting sustainable economic expansion.

    Our focus remains clear. We will continue to continue to help our clients succeed, while serving as a trusted long-term partner in delivering sustainable growth.”

    Quest Merchant Bank remains committed to responsible growth, innovation, and delivering strategic financial solutions that empower businesses and institutions across Nigeria.

  • FBNQuest Merchant Bank Limited Completes Name change to Quest Merchant Bank Limited

    FBNQuest Merchant Bank Limited Completes Name change to Quest Merchant Bank Limited

    FBNQuest Merchant Bank Limited has completed a change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals.

    The name change does not affect the Bank’s legal or going-concern status, management, or the nature of its business. Quest Merchant Bank Limited remains a duly licensed merchant bank, regulated by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), and continues to deliver its full suite of merchant banking, advisory, and capital markets services to clients.

    Commenting on the development, the Ag. Managing Director/CEO, Afolabi Olorode, stated, “This name change represents a pivotal milestone in the rich history of the Bank and a deliberate strategic repositioning that reflects our resilience, strong track record, and long-term growth ambitions. While our name has evolved, our commitment to our clients, stakeholders, and regulators remains unwavering.”

    As part of the transition, the Bank is updating its branding, communications, and digital platforms to reflect the new name. During this period, some legacy references may remain visible across select touchpoints as updates are progressively completed.

    All existing contracts, client relationships, and obligations of the Bank remain valid, binding, and fully enforceable following the name change. 

  • FBNQuest Merchant Bank Confirms New Ownership Structure, Sets Stage for Future Growth

    FBNQuest Merchant Bank Confirms New Ownership Structure, Sets Stage for Future Growth

    FBNQuest Merchant Bank has confirmed the successful completion of its ownership transition, following its divestment from First HoldCo Plc and acquisition by EverQuest Acquisition LLP, a new investor consortium led by Custodian Investment Plc.

    The Acting Managing Director, Afolabi Olorode, stated, “This marks a defining milestone in the Bank’s journey, one that reflects our consistent performance, institutional strength, and long-term potential. As we move forward under new ownership, our focus remains unchanged: delivering exceptional value to stakeholders, deepening market leadership, and building a sustainable institution for the future. We are grateful to all who have been part of this journey and remain focused on creating long-term value for our clients and stakeholders. The Bank remains fully operational, and all client relationships, services, and leadership structures continue uninterrupted.

    We thank our stakeholders for their continued trust and look forward to the next chapter of growth.

  • FBNQuest Merchant Bank Champions Financial Literacy at Kings’ College Lagos

    FBNQuest Merchant Bank Champions Financial Literacy at Kings’ College Lagos

    FBNQuest Merchant Bank Limited, a leading provider of integrated financial and wealth solutions, reaffirmed its commitment to shaping a financially empowered generation by extending its financial literacy campaign to Kings’ College Lagos on November 19, 2025. This initiative, held in commemoration of World Savings Day 2025, equipped students with practical knowledge on financial independence and long-term wealth creation.

    The programme, championed by the Central Bank of Nigeria (CBN) as part of its national financial enlightenment mandate, underscores the critical role of financial institutions in fostering a culture of savings and prudent financial habits among young Nigerians.

    Speaking on the theme “Beyond Savings – Building Financial Resilience,” Afolabi Olorode, Acting Managing Director and Chief Executive Officer of FBNQuest Merchant Bank Limited, emphasized that financial literacy is fundamental to sustainable economic empowerment and urged students to embrace disciplined financial habits early. He reaffirmed that FBNQuest remains committed to supporting initiatives that build a financially astute generation capable of driving Nigeria’s economic growth.

    He added that the bank’s participation in World Savings Day aligns with its broader Corporate Responsibility & Sustainability (CR&S) agenda, which prioritizes financial inclusion, literacy, and empowerment across all demographics.

    The interactive session saw students actively engage with questions on budgeting, managing allowances, and making informed financial decisions—demonstrating the growing interest in financial education among young Nigerians.

    Expressing appreciation, Mr. Magaji Zachariah, Principal of Kings’ College Lagos, remarked, “We are delighted to host FBNQuest Merchant Bank for this impactful initiative. Practical financial education is as critical as academic excellence, and today’s session will undoubtedly equip our students to become responsible, financially disciplined adults.”

  • FBNQuest Merchant Bank Limited Named MSME Trade Finance & Non-Oil Export Merchant Bank of the Year

    FBNQuest Merchant Bank Limited Named MSME Trade Finance & Non-Oil Export Merchant Bank of the Year

    FBNQuest Merchant Bank Limited, a leading provider of investment and wealth management solutions in Nigeria, is proud to announce its recognition as the MSME Trade Finance & Non-Oil Export Merchant Bank of the Year at the MSME Finance CEO Forum & Awards 2025, held on Saturday, 1st November at the Civic Centre, Victoria Island, Lagos.

    This award underscores FBNQuest’s strategic commitment to advancing Nigeria’s economic diversification agenda by empowering Medium, Small, and Micro Enterprises (MSMEs) and driving growth in the non-oil export sector. Through tailored financial solutions and deep market expertise, the bank continues to play a pivotal role in unlocking value across key segments of the economy.

    Afolabi Olorode, Acting Managing Director and Chief Executive Officer, expressed his appreciation for the honour, stating:

    “We are honoured to be recognized as the MSME Trade Finance and Non-Oil Export Merchant Bank of the Year. This award is a testament to our team’s dedication to delivering innovative trade finance solutions and strategic advisory that enable MSMEs to thrive and compete globally. It also reflects our unwavering support for Nigeria’s non-oil export sector, which is critical to building a resilient and inclusive economy.”He added:

    “At FBNQuest, we believe that MSMEs are the backbone of economic transformation. Our focus remains on providing bespoke financial products, and strategic partnerships that accelerate growth, create jobs, and foster innovation. This recognition strengthens our resolve to continue championing sustainable finance and inclusive development.”

    As the bank looks ahead, it remains committed to deepening its engagement with MSMEs, expanding access to trade finance, and supporting Nigeria’s transition to a more diversified and export-driven economy.

    FBNQuest Merchant Bank extends its gratitude to all stakeholders for their continued trust and collaboration and reaffirms its dedication to delivering impactful financial solutions that shape the future of commerce in Nigeria and beyond.

  • FBNQuest Merchant Bank Named ‘Strategic Growth Champion of the Year’ at the 2025 BAFI Awards

    FBNQuest Merchant Bank Named ‘Strategic Growth Champion of the Year’ at the 2025 BAFI Awards

    FBNQuest Merchant Bank, a premier investment and wealth management institution, has been honoured with the prestigious title of ‘Strategic Growth Champion of the Year’ at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

    This recognition affirms the bank’s leadership in shaping Nigeria’s economic trajectory through strategic advisory, innovative capital solutions, and landmark transactions that continue to redefine key economic sectors.

    Celebrating Excellence in Financial Strategy and Impact

    Renowned for its rigorous, data-driven selection process, the BAFI Awards spotlight institutions that exemplify financial strength, strategic foresight, and a measurable contribution to national development. FBNQuest Merchant Bank’s win underscores its role as a catalyst for sustainable growth and transformation within Nigeria’s financial landscape.

    “We are proud to be recognised as a Strategic Growth Champion,” said Afolabi Olorode, Acting Managing Director/CEO of FBNQuest Merchant Bank. “This award reflects our unwavering commitment to delivering value-driven solutions, empowering our clients, and contributing meaningfully to Nigeria’s economic advancement.”

    Key Drivers of Strategic Growth

    FBNQuest Merchant Bank’s performance stood out across several dimensions:

    • Financial Excellence: Sustained profitability, robust capital adequacy, and superior returns to shareholders, underpinned by disciplined risk management and governance.
    • Transformative Transactions: Execution of high-impact deals across capital markets and project finance—mobilising billions of naira into infrastructure, energy, telecoms, and manufacturing.
    • Innovation Leadership: Development of bespoke structured finance and wealth management products, leveraging technology to anticipate client needs and set new industry standards.

    Advancing Nigeria’s Development Agenda

    Beyond commercial success, FBNQuest Merchant Bank remains deeply committed to national progress. The bank continues to mobilise capital for critical infrastructure, support government diversification efforts, and champion investments that foster job creation and inclusive growth.

    Looking Ahead: Financing the Future

    “This recognition is a springboard for our next phase of strategic evolution,” added Olorode. “We are deepening our sector expertise, expanding digital capabilities, and reinforcing our leadership in sustainable finance—particularly in renewable energy and infrastructure.”

  • FBNQuest Merchant Bank Achieves “Great Place to Work” Certification

    FBNQuest Merchant Bank Achieves “Great Place to Work” Certification

    …Strengthening Its Role as a Strategic Workforce Leader

    FBNQuest Merchant Bank Limited proudly announces its certification as a Great Place to Work®, a global recognition that affirms its commitment to cultivating Nigeria’s most innovative and high-performing workforce. This milestone underscores the Bank’s dedication to employee engagement, organisational culture, and leadership effectiveness—reinforcing human capital as a core strategic differentiator in an increasingly competitive financial services landscape.

    The certification followed a rigorous evaluation of employee feedback, workplace culture, and leadership practices, validating FBNQuest’s deliberate people-centred strategies designed to capture growth opportunities amid regulatory advances, fintech disruption, and digital transformation.

    “Our recognition as a Great Place to Work reinforces a key tenet of our strategy: that sustainable competitive advantage in modern investment banking is built on exceptional human capital,” said Afolabi Olorode, Ag. Managing Director, FBNQuest Merchant Bank.

    “In a market defined by technological acceleration, evolving client expectations, and regulation, our people-first approach is not optional, it is a strategic necessity. When we empower our people through targeted development and engagement, we expand our capacity to innovate, strengthen agility, and deliver superior financial solutions. This recognition confirms that investing in talent is the most effective pathway to sustainable growth and resilience.”

    This certification reflects FBNQuest’s rigorous focus on key areas critical to its strategic objectives:

    – Leadership Excellence: Cultivating a high-trust management culture that enables swift decision-making and strategic agility.

    – Talent Development: Accelerating capabilities aligned with market trends, including digital banking and compliance.

    – Operational Flexibility: Supporting productivity through adaptive work arrangements, ensuring client responsiveness.

    – Inclusive Innovation: Fostering diversity of thought that fuels creative solutions and market insights.

    – Talent Attraction & Retention: Implementing a comprehensive rewards strategy to draw top-tier industry talent.

    In a financial sector undergoing unprecedented transformation, FBNQuest Merchant Bank’s deliberate focus on people not only strengthens its competitive edge but also enhances its Environmental, Social, and Governance (ESG) profile. This positions the Bank as a trusted partner for global investors and strategic alliances, while reinforcing its role as a key driver of Nigeria’s economic transformation.

    A Future-Ready Workforce for a Changing Market. This certification reflects more than an accolade, it signals the Bank’s commitment to building a motivated, engaged, and future-ready workforce. By aligning people strategies with business objectives, the Bank continues to deliver on its mandate of innovation, resilience, and sustainable growth, setting a benchmark for excellence in Nigeria’s financial services industry.

  • FBNQuest Enhances its Corporate Internet Banking Platform

    FBNQuest Enhances its Corporate Internet Banking Platform

    FBNQuest Merchant Bank, the investment banking and asset management business of FBN Holdings Plc, has announced the launch of a new Corporate Internet Banking (CIB) platform, which offers an upgraded user interface with enhanced convenience for transactions.

    The CIB platform is a payment processing solution for Corporate Banking clients that provides online real-time account access for balance and transaction monitoring, investing, fund transfers, bulk payments such as salaries or payments to third parties, and other self-service requests, conveniently and securely.

    An innovative internet banking application built on cutting-edge technology, the CIB platform offers an improved banking experience for Corporates, with personalised service capabilities such as the ability to customise preferred levels of authorisation based on business needs.

    FBNQuest’s relaunch of the platform is in line with the group’s objective to offer a range of digital and online solutions that deliver an excellent customer experience. Commenting on the platform, Afolabi Olorode, Head Coverage and Corporate Banking for FBNQuest Merchant Bank stated: “In these uncertain times when we need to be more present and relevant in the lives of our customers, we are committed to ensuring our clients have easy access to their funds to sustain and grow their businesses.

    “We recognise the accelerated evolution of digital financial services, and we are committed to providing superior solutions to meet the changing needs of our partners while providing access to the broader, diverse offerings of our group”.

    FBNQuest also offers a Trade Information System (TIS), which is a front-end platform for Corporate Banking clients that allows users apply for and manage Global Trade Finance Service-related transactions such as Offshore Guarantees, Letters of Credit, Payment for International Services (remittances) and Bills for Collections.