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Bank wins multiple awards

By Waliat Musa
25 November 2021   |   3:53 am
Rand Merchant Bank Nigeria Limited (RMBN) has won the Merchant Bank of the Year award for the fourth year running, Debt Capital Markets Bank of the Year Award for the third time and Corporate Finance advisor of the year at the BusinessDay’s banks and other financial institutions awards.

Rand Merchant Bank Nigeria Limited (RMBN) has won the Merchant Bank of the Year award for the fourth year running, Debt Capital Markets Bank of the Year Award for the third time and Corporate Finance advisor of the year at the BusinessDay’s banks and other financial institutions awards.

Commenting on the awards, Chief Executive Officer (CEO) of RMBN and Regional Head, RMB West Africa, Michael Larbie, said: “We are delighted to have won these awards, which further cements our reputation as a major player in the Nigerian financial services industry and reinforces our commitment to our clients.

“It has been a challenging year with institutions and businesses adapting to the aftereffects of the pandemic and devising strategies to remain relevant and profitable. It is within this context that the bank amplified its commitment to its clients, delivering innovative solutions and supporting them through the cycle.”

Publisher and CEO, BusinessDay, Frank Aigbogun, said: “These nominations are a testament to RMB’s creative problem-solving talent, strong balance sheet, extensive global distribution network, and robust technology, which deployed synchronically, continues to deliver dividends in market leadership.”

The awards are a continuation of RMBN’s record in the industry. Last year, RMBN was awarded the Debt Deal of the Year at the 2020 African Bankers Awards for the Bank of Industry EUR1.0 billion syndicated term loan.

RMBN acted as the mandated lead arranger, book runner and joint underwriter and was instrumental in executing the transaction for BoI amid strong headwinds from the COVID-19 pandemic and oil price volatility.