FSDH Merchant Bank Limited

Nigeria

FSDH Merchant Bank Limited (2022-04)

Capitalisation is a significant rating positive, reflecting the bank’s strong capital position, largely comprising of tier 1 capital. Notwithstanding the substantial increase in risk-weighted assets (“RwA”) expected over the next 12-18 months as the bank grows its loan book, GCR computed capital ratio is forecast to remain within the high band, at over 30% during FY21-22 (FY20: 34.0%; FY19: 35.8%). The bank’s capital adequacy ratio (“CAR”) sits well above the 10% regulatory requirement for merchant banks in Nigeria, registering at 31.0% at FY20 (FY19: 31.2%). This strong capital position provides sufficient headroom for the projected high loan book growth and cushion for potential loss absorption.

Tokens: 3 Price: USD 300.00

FSDH Merchant Bank Limited (2020-09)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Tokens: 2 USD 150.00

FSDH Merchant Bank Limited (2020-02)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Tokens:1 Price: USD 75.00

FSDH Merchant Bank Limited (2019-10)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

FSDH Merchant Bank Limited (2018-12)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

FSDH Merchant Bank Limited (2018-09)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

FSDH Merchant Bank Limited (2017-11)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

FSDH Merchant Bank Limited (2017-10)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

FSDH Merchant Bank Limited Current Ratings

Issue Name Rating Country Rating Published
-- Short Term rating: A2(NG); Outlook: Stable Nigeria 05-10-2020 0:00:00
-- Long Term Rating: A-(NG); Outlook: Stable Nigeria 05-10-2020 0:00:00
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