PremiumTrust Bank announced that, as part of the ongoing recapitalisation exercise for the banking sector, it successfully raised capital through rights issues and private placement offerings, meeting the N200 billion minimum capital requirement for National Commercial Banks well ahead of the March 2026 deadline set by the Central Bank of Nigeria (CBN).
This accomplishment, which the CBN has approved, further solidifies the Bank’s position as the fastest-growing bank in Nigeria and highlights its extraordinary financial strength. It also establishes the Bank as a significant force in the Nigerian banking sector.
PremiumTrust’s significant milestone
Since its founding in 2022, PremiumTrust Bank has continuously broken records, establishing new customer satisfaction and financial performance standards.
This most recent milestone—exceeding the required capital threshold—demonstrates the Bank’s remarkable growth trajectory and the robustness of its business model, which has produced outstanding results year after year.
Because it has complied with the CBN’s N200 billion capital requirement, the Bank is better positioned to grow its operations, increase its market share, and continue providing innovative banking solutions that meet the various needs of individuals, companies, and corporate clients throughout Nigeria.
Thanks to its explosive growth and record-breaking financial results, the bank is now a major player in the Nigerian banking industry.
Dr. Emmanuel Efe Emefienim, Managing Director/Chief Executive Officer of Premium Trust Bank, expressed: “Exceeding the N200bn capital requirement is a defining moment in the Bank’s journey. This achievement, coming in just three years of the bank’s existence, reflects 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 lead the sector and continue delivering outstanding value and growth for our stakeholders.”
PremiumTrust Bank’s track record of exceptional performance
This most recent accomplishment builds on PremiumTrust Bank’s track record of exceptional financial performance, which includes steady profit growth and unmatched client loyalty. Thanks to a strengthened capital base, the bank is now strategically positioned to expand its reach, deepen financing in vital industries like infrastructure and agriculture, and stay at the forefront of innovation in Nigeria’s financial sector.
The Bank’s expansion is evidence of its strong leadership, clear strategic vision, and unwavering dedication to furthering Nigeria’s economic development.
Premium Trust Bank will continue anticipating and satisfying its clients’ changing needs while solidifying its position as a rising leader in the Nigerian banking sector by building on its bolstered capital base.