In a landmark achievement, PremiumTrust Bank has announced that it has met the Central Bank of Nigeria (CBN)’s N200 billion minimum capital requirements for National Commercial Banks, well ahead of the March 2026 deadline.
The milestone was achieved through a successful capital raise via rights issues and private placements, approved by the CBN as part of the ongoing banking sector recapitalization exercise.
The accomplishment underscores PremiumTrust Bank’s exceptional financial strength and positions the three-year-old lender as a dominant player in Nigeria’s banking industry.
Since its inception in 2022, the bank has consistently set new benchmarks in financial performance and customer satisfaction, establishing itself as one of the country’s fastest-growing financial institutions.
Commenting on the achievement, Managing Director and CEO Dr. Emmanuel Efe Emefienim described it as a watershed moment for the bank. “Exceeding the N200 billion capital requirement is a defining moment in our journey,” he said.
“Achieving this milestone in just three years reflects our superior financial performance, unwavering commitment to operational excellence, and the trust our shareholders, customers, and regulators have placed in us. As Nigeria’s fastest-growing bank, we are uniquely positioned to lead the sector and continue delivering exceptional value and growth for our stakeholders.”
Dr. Emefienim noted that the strengthened capital base now allows PremiumTrust Bank to expand operations, deepen market share, and provide innovative banking solutions to individuals, businesses, and corporate clients across Nigeria.
The bank is strategically positioned to broaden financing in critical sectors such as infrastructure and agriculture, supporting national economic development while maintaining its focus on customer-centric, technology-driven solutions.
PremiumTrust’s rapid growth is reflected in its nationwide expansion, covering all geo-political zones in just three years.
The bank’s remarkable trajectory is a testament to its clear strategic vision, strong leadership, and commitment to shaping the future of banking in Nigeria.
By leveraging innovative products, record-breaking financial performance, and exceptional service delivery, PremiumTrust continues to redefine industry standards and solidify its position as a leading force in Nigeria’s financial sector.
