FSDH Merchant Bank

Name

FSDH Merchant Bank

Legal name

FSDH Merchant Bank Limited

Website

https://fsdhmerchantbank.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Merchant Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199)

akta.pro primary industry

Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)

Keywords

• Merchant banking services
• Corporate banking
• Trade finance
• Treasury management
• Wealth management

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Corporate Banking Services: Revenue from structured financing, term loans, working capital solutions, and credit facilities extended to corporate clients. Includes interest income and fees for tailored financing arrangements.
2. Trade Finance: Fees and interest income from Letters of Credit, guarantees, trade loans, and transaction guarantee services supporting cross-border trade for SMEs and corporates.
3. Treasury and Global Markets: Revenue from foreign exchange services, fixed income investments (treasury bills, Eurobonds, fixed deposits), and liquidity management solutions for clients.
4. Global Custody Services: Fees for premium investor services including asset management, custody solutions for asset managers, institutional investors, banks, insurance companies, brokers, private equity firms, NGOs, and HNIs.
5. Business Banking: Transaction fees, loan interest, and service charges from SME banking services including current accounts, overdraft facilities, and business loans.
6. Prestige Banking: Fees from personalized investment solutions, wealth management, and advisory services for high net worth individuals, including Eurobonds, treasury bills, and fixed deposits.
7. Financial Advisory: Advisory fees from capital raising activities, including acting as Financial Adviser to the Federal Government on Eurobond issuances and other strategic financing transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels9 records

Core offering

FSDH Merchant Bank is a Nigerian merchant bank that provides corporate banking, business banking, treasury and global markets, global custody, trade finance, and health sector finance to businesses, alongside prestige (wealth) banking for individuals. It delivers these services through dedicated relationship managers, branch operations, and ISO-certified digital channels including Corporate Internet Banking, Retail Internet Banking, mobile banking, and an API Sandbox.

Product overview

FSDH Merchant Bank operates as a foremost merchant bank in Nigeria offering a comprehensive suite of financial services across business segments. The portfolio includes Business Banking (for SMEs with digital banking and trade finance), Corporate Banking (tailored financing for large organizations across sectors like oil & gas, agriculture, healthcare), Global Custody (institutional asset management), Health Sector Finance, Prestige Banking (wealth management with Eurobonds, treasury bills, fixed deposits), Treasury and Global Markets (FX services), and digital platforms including LC Draft for trade finance, API Sandbox for developer integration, and E-Channels for mobile/electronic banking. The bank also supports women entrepreneurs through the Women in Business Initiative (WIBI) and Female Founders Growth Programme, and offers pension services through Pal Pension subsidiary.

Differentiator

Problem solved

Functional benefit

Brands

• WIBI (Women in Business Initiative): An annual summit and initiative by FSDH Merchant Bank focused on supporting and empowering women entrepreneurs and business owners in Nigeria.
• Female Founders Growth Programme

Products and services

• Business Banking Banking services tailored to Nigerian SMEs and growing businesses, providing transactional accounts, working capital support, and digital cash management through dedicated relationship managers and the Business Banking portal.
• Corporate Banking Banking services for large Nigerian corporates, multinational subsidiaries, and institutions, including multi-currency accounts, cash management, and corporate financing, delivered through Corporate Internet Banking (CIB) and dedicated relationship teams.
• Treasury and Global Markets Treasury, FX, fixed income, and global markets services for corporate and institutional clients, providing liquidity management, hedging, and investment solutions.
• Global Custody Custody services for securities, foreign assets, and institutional portfolios, providing safekeeping, settlement, and asset servicing for institutional and corporate clients.
• Trade Finance (LC Draft) Trade finance services, including Letters of Credit (LCs) managed through the LC Draft platform, supporting import, export, and large-value trade transactions for corporate clients.
• Health Sector Finance Sector-specific finance and banking services tailored to healthcare providers, hospitals, diagnostics, and health-focused businesses, addressing capital, equipment, and operational banking needs.
• Prestige Banking
• Female Founders Growth Programme A dedicated programme supporting female founders and women-led early-stage businesses with banking services, advisory, and capacity building to help grow their enterprises.

Quantifiable outcome

• Catalyzed over $200 million in trade finance transactions through $20 million AfDB facility
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Coronation Merchant Bank: Coronation Merchant Bank is a Nigerian merchant bank offering corporate banking, trade finance, treasury, and asset management services. It is the most direct comparable to FSDH, competing for the same corporate and institutional clients in Nigeria.
• FBNQuest Merchant Bank: FBNQuest Merchant Bank is the merchant banking arm of FBN Holdings in Nigeria, providing corporate banking, investment banking, and treasury services. It directly competes with FSDH in Nigeria's merchant banking segment.

Broad incumbents

• Rand Merchant Bank: Rand Merchant Bank is a major South African merchant bank offering corporate banking, trade finance, and advisory services across Africa. Comparable to FSDH for its full merchant banking platform and African footprint, but operates at significantly larger scale.
• Ecobank Transnational Incorporated: Ecobank is a pan-African banking group with extensive presence in Nigeria. While a universal bank, it competes with FSDH in corporate banking, trade finance, and treasury services across West Africa.
• Guaranty Trust Bank (GTBank): Guaranty Trust Bank is a leading Nigerian commercial bank serving SMEs and corporates with trade finance, digital banking, and treasury services. While broader than FSDH, it competes for many of the same Nigerian SME and corporate clients.
• Access Bank Plc: Access Bank is one of Nigeria's largest banks with corporate, SME, and trade finance offerings. Its scale and African expansion make it a key competitor for FSDH's mid-market and SME segments.
• United Bank for Africa (UBA): UBA is a pan-African banking group with strong corporate, trade finance, and digital banking offerings across Nigeria. It is a broad incumbent competitor for FSDH in Nigerian corporate and SME banking.
• Standard Bank Group: Standard Bank is Africa's largest banking group by assets, offering corporate, investment, and trade finance across the continent. It serves as a benchmark for scaled merchant and corporate banking in Africa.

Others

• Africa Finance Corporation: Africa Finance Corporation is a pan-African multilateral development finance institution investing in infrastructure and trade across Africa. While not a direct competitor, AFC is a comparable institutional player connecting African trade flows and capital, often partnering with banks like FSDH.

Regional players

• First Bank of Nigeria Limited: First Bank of Nigeria is Nigeria's oldest and one of its largest banks, offering corporate, SME, and trade finance services. It is a comparable incumbent in the Nigerian banking market where FSDH operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/fsdhbank
• YouTubeyoutube.com/@FSDH
• Facebookfacebook.com/FSDHMerchantBank
• LinkedInlinkedin.com/company/first-securities-discount-house-fsdh-/mycompany/?viewAsMember=true
• Instagraminstagram.com/fsdhbank

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FSDH Merchant Bank