PremiumTrust Bank has successfully met the N200 billion minimum capital requirement for National Commercial Banks well ahead of the March 2026 recapitalization deadline mandated by the Central Bank of Nigeria (CBN).
This milestone, announced on Monday, was made possible through the bank’s successful capital raise via Rights Issue and Private Placement offerings, underscoring the bank’s proactive approach in the ongoing bank recapitalization exercise.
The CBN had approved PremiumTrust’s capital raise, signaling confidence in the bank’s exceptional financial strength.
By meeting and surpassing the CBN’s capital requirement, PremiumTrust is well-positioned to expand its operations, deepen its market share, and continue to deliver innovative banking solutions tailored to individuals, businesses, and corporate clients across Nigeria.
Dr. Emmanuel Efe Emefienim, CON, FCIB, Managing Director/CEO, said
“Exceeding the N200 billion capital requirement is a defining moment in the Bank’s journey. 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.”
