PremiumTrust Bank has announced that it has met the Central Bank of Nigeria’s (CBN) N200 billion minimum capital requirement for national commercial banks, nearly a year ahead of the March 2026 deadline.
The achievement, approved by the apex bank, followed a successful rights issue and private placement offering as part of the ongoing banking sector recapitalisation exercise.
Managing Director/Chief Executive, Dr. Emmanuel Efe Emefienim, described the development as a “defining moment” in the bank’s three-year history, noting that it reflects strong financial performance, operational excellence, and the confidence of shareholders and customers.
“With this milestone, PremiumTrust Bank is better positioned to expand its operations, deepen market share, and deliver innovative banking solutions across Nigeria,” Emefienim said in a statement.
Since commencing operations in 2022, the bank has expanded into all six geo-political zones, recording steady profit growth and customer acquisition. PremiumTrust said the strengthened capital base will enable it to support key sectors such as infrastructure and agriculture while consolidating its position as one of Nigeria’s fastest-growing banks.
