Providus Bank Limited has met and surpassed the capital requirement for a regional commercial bank set by the Central Bank of Nigeria (CBN) with a N65 billion capital base.
The bank disclosed this in a response to Nairametrics’ inquiry on its recapitalization status, noting that it had met its capital requirement since January 2025.
This is contrary to a recent media report suggesting the bank might not meet the applicable recapitalisation threshold.
Under the CBN recapitalisation framework, regional commercial banks are required to maintain a minimum capital base of N50 billion.
The bank disclosed this in a response to Nairametrics’ inquiry on its recapitalization status, noting that it had met its capital requirement since January 2025.
This is contrary to a recent media report suggesting the bank might not meet the applicable recapitalisation threshold.
Under the CBN recapitalisation framework, regional commercial banks are required to maintain a minimum capital base of N50 billion.