PremiumTrust Bank Surpasses CBN’s N200 Billion Recapitalization Requirement Ahead of Deadline

PremiumTrust Bank has announced that it has successfully met 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).

The bank achieved this milestone through a successful capital raise via Rights Issue and Private Placement offerings, securing CBN’s approval in what industry observers describe as a bold statement of financial strength and stability.

A dominant player in the making

PremiumTrust Bank, which began operations in 2022, has recorded a string of achievements that have quickly established it as Nigeria’s fastest-growing financial institution. Meeting the recapitalization threshold just three years after its launch further cements its reputation as a rising force in the Nigerian banking sector.

“This achievement not only underscores the bank’s resilience but also positions it as a dominant player in the Nigerian banking industry,” the bank said in a statement.

CEO reacts

Dr. Emmanuel Efe Emefienim, CON, FCIB, Managing Director/Chief Executive Officer of PremiumTrust Bank, described the milestone as a defining moment in the bank’s journey.

“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, reflects our superior financial performance since inception, our unwavering commitment to operational excellence, and the trust reposed in us by shareholders, customers, and regulators. As Nigeria’s fastest-growing bank, we are uniquely positioned to not only lead the sector but also to continue delivering outstanding value and growth for our stakeholders,” he said.

Strong foundation for growth

With a strengthened capital base, PremiumTrust Bank says it is now better positioned to:

• Expand operations across Nigeria,
• Deepen financing in critical sectors such as infrastructure and agriculture,
• Broaden its market share, and
• Continue driving technology-driven innovation in banking services.

The bank highlighted its consistent profit growth, exceptional customer loyalty, and commitment to innovation as the foundation for its impressive trajectory.

About PremiumTrust Bank

Founded in 2022, PremiumTrust Bank has quickly expanded across all geo-political zones of Nigeria. Known for record-breaking financial performance, innovative product offerings, and strong customer service, the bank continues to set new benchmarks in service delivery while shaping the future of Nigeria’s financial services industry.