By Peace Udugba
Providus Bank Plc has commissioned a new branch in Ado-Ekiti, Ekiti State, as part of its ongoing expansion strategy across key growth markets in Nigeria.
The move follows the bank’s compliance with the recapitalisation requirement set by the Central Bank of Nigeria in January 2025, positioning it to deepen financial inclusion and support local enterprises.
Speaking at the commissioning, the bank’s Executive Director and Chief Financial Officer, Deoye Ojuroye, said the expansion forms part of a broader plan to strengthen the institution’s presence nationwide within 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,” he said.
Ojuroye added that the bank remains financially strong, driven by a disciplined approach to capital and risk management.
“We are well capitalised within our regulatory category, and that gives us the confidence to continue expanding responsibly while supporting businesses and communities,” he noted.
The bank disclosed plans to open additional branches in strategic locations across the country over the coming year, reinforcing its commitment to accessibility, scale and long-term value creation.
Providus Bank said it would continue to position itself as a reliable partner to individuals and businesses, combining financial strength with a focus on sustainable growth and customer satisfaction.
