MEDIA RELEASE

3 DECEMBER 2020

RMB NIGERIA WINS MERCHANT BANK OF THE YEAR AWARD FOR THIRD CONSECUTIVE YEAR  

Rand Merchant Bank Nigeria Limited (RMBN) has won the Business Day Merchant Bank of the Year award for the third year in a row and Debt Arranger of the Year award for the second consecutive year at the Banks & Other Financial Institutions Awards.

Reflecting on the awards, Michael Larbie, RMBN CEO & Regional Head RMB West Africa commented, “We are extremely proud to be a significant player in the Nigerian financial industry. The awards are a testament to the hard thinking and innovative solutions we deliver to our clients”.

During the year, RMBN was also awarded the Debt Deal of the Year at the 2020 African Bankers Awards for the Bank of Industry (“BOI”) EUR 1.0 billion syndicated term loan. RMBN acted as Mandated Lead Arranger, Bookrunner and Joint Underwriter and was instrumental in executing this transaction for BOI amidst strong headwinds from the COVID-19 pandemic and oil price volatility. In addition, RMBN was also awarded M & A Deal of the Year by the Association of Issuing Houses of Nigeria for its role in executing the merger between the Cement Company of Northern Nigeria PLC & Obu Cement Company PLC.

RMBN has over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, execution of key merger and acquisition mandates, to the provision of innovative and bespoke funding solutions to support transactions across a range of sectors. “Over the past seven years, the Bank has developed a core client base of strong indigenous corporates, multinationals, financial sponsors and institutions. Leveraging on its strong focus on client centricity, solutionist thinking and the adoption of a through the cycle approach, the Bank has positioned itself as a strategic partner to its clients as they grow their businesses and navigate economic uncertainties says Larbie. 

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About RMB

As part of the corporate & investment banking division of the FirstRand Group, the largest listed financial services group (by market capitalisation) in Africa, RMB’s business strategy leverages a market leading origination franchise to deliver an integrated value proposition to corporate and institutional clients across Africa. RMB has representative offices and subsidiaries in 10 other African countries, the UK, India, and China. RMB’s deal footprints spans several African jurisdictions and ranges from the funding of key infrastructure and resource finance projects to mergers and acquisitions, ICT projects, mining, oil & gas, telecoms and renewable energy developments.

RMB is a leading African Corporate and Investment Bank.

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