Providus Bank Expands with New Ado Ekiti Branch Opening

Providus Bank Plc has officially opened a new branch in Ado Ekiti, which is part of its strategic expansion across Nigeria's growth markets. This move is aligned with the bank's commitment to supporting local enterprises and enhancing financial inclusion by bringing banking services closer to individuals and businesses.

Deoy Ojuroy, the Executive Director and Chief Financial Officer, emphasized that this expansion is part of a broader plan to strengthen the bank's presence nationwide over the next 12 months. The bank is also focused on maintaining a disciplined approach to capital risk management, ensuring it meets the Central Bank of Nigeria's recapitalization requirements by January 2025.

Providus Bank plans to open additional branches in strategic locations within the year, reinforcing its commitment to creating long-term value and positioning itself as a reliable partner for businesses and individuals.