Providus Bank Plc has commissioned a new branch in Ado-Ekiti, marking another step in its steady expansion across key growth markets. Having met the Central Bank of Nigeria's (CBN) recapitalisation requirement since January 2025, Providus Bank is now focused on expanding its footprint to support local enterprise, deepen financial inclusion, and bring banking services closer to individuals and businesses, a statement by the bank said.
Strategic Expansion
Speaking at the commissioning, the Executive Director, Deoye Ojuroye, noted that the expansion was part of a broader plan to strengthen the bank's presence nationwide over the next 12 months. “Our approach is deliberate – we are growing in the right places, supporting real economic activity and building a bank that is both resilient and responsive to the needs of our customers,” Ojuroye said.
Capital and Risk Management
He added that Providus remained on a strong footing, with a disciplined approach to capital and risk management underpinning its growth. “We are well capitalised within our regulatory category and that gives us the confidence to continue expanding responsibly while supporting businesses and communities.”
Future Plans
The bank said it planned to open additional branches in strategic locations over the coming year, reinforcing its commitment to scale, accessibility and long-term value creation.
