Quest Merchant Bank delivered a strong financial performance for the 2025 financial year, with gross earnings increasing by 29 per cent year-on-year to N81.5bn, driven by growth in net interest income and stronger asset yields. Profit before tax expanded by 23 per cent, while operating efficiency improved significantly, with the bank’s cost-to-income ratio improving by 2.3 per cent.
The shareholders approved the bank’s audited financial statements for the year ended December 31, 2025, commending the institution for its strong financial performance, successful recapitalisation, and long-term strategic direction.
The approvals were given during the bank’s 11th Annual General Meeting held recently.
The AGM followed 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 N50bn minimum capital requirement ahead of the regulatory deadline.
The bank also maintained strong liquidity and asset
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