The Firm: Coronation Merchant Bank is a full service Merchant Bank formed from erstwhile Associated Discount House Ltd. The Bank commenced operations as Merchant Bank in 2015 following CBN’s approval of the conversion of the erstwhile Discount House license to a merchant banking license. Subsequently, it was issued an FX dealing license in 2015 by the CBN to enable it fulfill its operational requirements as a merchant bank. By these approvals, Coronation Merchant Bank assumes the heritage and liabilities of Associated Discount House (ADHL) and brings alive a new force in the Nigerian banking industry.
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