ProvidusBank Plc has commissioned a new branch in Ado-Ekiti, advancing its expansion strategy across Nigeria's high-growth markets while leveraging its compliance with the Central Bank of Nigeria's (CBN) recapitalisation directive since January 2025.
The move aims to enhance financial inclusion, support local enterprises, and deliver banking services closer to communities and businesses.
At the event, Executive Director/Chief Financial Officer, Deoye Ojuroye, described the rollout as part of a 12-month plan to bolster the bank's nationwide presence.
"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 customer needs," Ojuroye said.
He emphasised the bank's robust capital and risk management, stating: "We are well capitalised within our regulatory category, giving us confidence to expand responsibly while aiding businesses and communities."
ProvidusBank plans further branches in strategic locations over the next year, underscoring its focus on scalability, accessibility, and sustainable growth as a trusted partner for individuals and enterprises.
