One of Nigeria’s youngest banks, Premium Trust Bank, said it has met the N200 billion minimum capital requirement for commercial banks with national reach in the country.
The bank, which was founded in 2022, achieved the feat ahead of the March 2026 deadline set by the the Central Bank of Nigeria (CBN) under Governor Yemi Cardoso.
The threshold was met by Premium Trust following a successful capital raise of rights issue and private placement offerings.
Commenting on the achievement, the chief executive of Premium Trust Bank, Mr Emmanuel Efe Emefienim, described the development as a watershed for the bank.
“Exceeding the N200 billion capital requirement is a defining moment in the bank’s journey,” he said in a statement.
“This achievement coming in just three years of the bank’s existence is a reflection of our superior financial performance since inception, unwavering commitment to operational excellence, and the trust reposed in us by our shareholders, customers, and regulators.
“As Nigeria’s fastest-growing bank, we are uniquely positioned to not only lead the sector but to continue delivering outstanding value and growth for our stakeholders,” he added.
Mr Emefienim said with this feat, the lender is better positioned to expand its operations, deepen its market share, and continue to deliver cutting-edge banking solutions that cater to the diverse needs of individuals, businesses, and corporate clients across Nigeria.
The bank noted that it is positioned to further broaden its footprint, deepen financing in critical sectors such as infrastructure and agriculture, and remain at the forefront of innovation in Nigeria’s financial sector.
The bank said its growth is a testament to its clear strategic vision, strong leadership, and unwavering commitment to advancing Nigeria’s economic development.
Building on its strengthened capital base, Premium Trust will continue to anticipate and meet the evolving needs of its customers while consolidating its position as an emerging leader in the Nigerian Banking Industry.
In just three years of operations, the bank had expanded its business across all the country’s geo-political zones, reflecting its rapid growth and commitment to accessibility.
By setting new benchmarks in service delivery and leveraging technology-driven solutions, the bank hopes to shape the future of banking in the country.