ProvidusBank PLC (PB), is a Nigerian financial services provider, licensed as a commercial bank, by the Central Bank of Nigeria, the central bank and national banking regulator.[3][4]
 | |
| Company type | Private company |
|---|---|
| ProvidusBank | |
| Industry | Finance |
| Genre | Banking |
| Founded | June 15, 2016 |
| Headquarters | 724 Adetokunbo Ademola Street, Victoria Island, Lagos, Lagos State , |
Area served | Nigeria |
Key people | Alhaji Hussaini Dikko Chairman Walter Akpani Managing Director and Chief Executive Officer[1][2] |
| Services | Banking |
Number of employees | 400  |
| Website | providusbank |
Location
editThe headquarters and main branch of this bank are located at 724 Adetokunbo Ademola Street, Victoria Island, Lagos, in the city of Lagos, the financial capital of Nigeria.[5] The geographical coordinates of the bank's headquarters are: 6°25'53.0"N, 3°25'50.0"E (Latitude:6.431389; Longitude:3.430556).[6]
Overview
editAs of November 2018, Providus Bank was registered as a regional commercial bank, serving clients in Lagos State and in the Nigerian Federal Capital Territory.[7] The bank aims to serve large corporations, government agencies, institutions, small and medium sized enterprises and high net worth individuals.[8]
History
editThe bank was granted a regional banking license by the Central Bank of Nigeria in June 2016.[3] In 2024, the Central Bank of Nigeria approved the merger between Unity Bank and Providus Bank, with a stipulation that the newly formed entity will receive a N700 billion loan from the CBN to support its operations.[9] The loan will be used to pay off Unity Bank’s N303.7 billion obligations, while the remaining N392.3 billion would be invested in a 20-year FGN bond and would qualify as tier-2 capital for the entity. This merger was the first merger in Nigeria since Access Bank and Diamond Back in 2019[10]
See also
edit
References
edit- ^ Providus Bank (5 November 2018). "Providus Bank: About Us: Our Team: Board of Directors". Lagos: Providus Bank Limited. Retrieved 5 November 2018.
- ^ Okanlawon, Ajani (20 April 2017). "6 things to know about Walter Akpani, MD of Providus Bank". Lagos: Qed.ng. Retrieved 5 November 2018.
- ^ a b Obinna, Chima (15 June 2016). "CBN Grants Providus Bank Commercial Banking Licence". This Day. Lagos. Retrieved 5 November 2018.
- ^ Central Bank of Nigeria (5 November 2018). "Central Bank of Nigeria: List of Supervised Commercial Banks". Abuja: Central Bank of Nigeria. Retrieved 5 November 2018.
- ^ Omidire, Dolapo (29 April 2017). "Updated – Development: Providus Commercial Bank Headquarters, Victoria Island – Lagos". Lagos: Estateintel.com. Retrieved 5 November 2018.
- ^ "Location of the headquarters of Providus Bank Limited" (Map). Google Maps. Retrieved 5 November 2018.
- ^ Providus Bank (5 November 2018). "The Branch List of Providus Bank". Lagos: Providus Bank Limited. Retrieved 5 November 2018.
- ^ City People (1 July 2019). "Meet The Big Boys And Ladies Who Run Providus Bank". City People Online. Lagos. Retrieved 2 February 2020.
- ^ Aderounmu, Zainab (13 August 2024). "10 things to know about the Providus-Unity Bank merger". Businessday NG. Retrieved 20 September 2024.
- ^ Tijani, Mayowa (16 December 2018). "EXCLUSIVE: Access Bank acquires Diamond Bank". TheCable. Retrieved 20 September 2024.
External links
edit- providusbank
.com - Providus Bank Gets Commercial Banking Licence from CBN As of 15 June 2016.