Premium Trust Bank (PTB) a new commercial bank in Nigeria, shareholders’ funds has increased to N330.5 billion (USD215.8 million) as at August 2025, from N71.3 billion (USD46.0 million) as of 31 December 2024.
This follows an additional equity injection of N178.7 billion via a rights issue and private placement to comply with the new capital requirement of N200 billion for Nigerian national banks, MoneyCentral learnt.
“Exceeding the N200 billion capital requirement is a defining moment in the Bank’s journey. This achievement coming in just three years of the bank’s existence is a reflection of our superior financial performance since inception, unwavering commitment to operational excellence, and the trust reposed in us by our shareholders, customers, and regulators. As Nigeria’s fastest-growing bank, we are uniquely positioned to not only lead the sector but to continue delivering outstanding value and growth for our stakeholders,” Dr. Emmanuel Efe Emefienim, CON, FCIB, Managing Director/Chief Executive Officer of Premium Trust Bank, said.
The bank’s operations continue to evolve, driven by its phygital banking strategy, which integrates digital solutions with an expanding physical branch network to serve a broad customer base, promote financial inclusion and deepen retail penetration.
This strategy, coupled with other initiatives, supported the increase in its customer base, deposits mobilisation capacity and operating revenue over the review period.
Furthermore, the bank’s profitability and operational efficiency metrics compare favourably with peers, recording a return on assets (ROA) and cost-to-income ratio of 9.9% and 28.3%, respectively as of 31 August 2025, compared to ROA of 3.8% and cost-to-income ratio of 41.8% respectively, as at December 2024.
However, the bank’s competitive position assessment remains constrained by its limited franchise strength and limited operational scale, as reflected by its market share of less than 1% of the Nigerian banking sector resources.
PTB’s asset quality metrics remain sound, with the non-performing loans (NPL) and credit loss ratios registering at a moderate 0.1% and 1.2% respectively as of 31 August 2025.
Foreign currency (FCY) risk is minimal, with the FCY loans representing 3.8% of the loan portfolio as of 31 August 2025.
The inherent foreign exchange risk on these loans is mitigated through natural hedges.
The bank is largely funded by borrowings, which represented 58.8% of the funding base as of 31 August 2025, up from 49.3% as at December 2024.
These borrowings comprise repurchase (repo) transactions that are fully collateralised by underlying government securities.
The bank’s funding base is further complemented by customer deposits, which registered at N427.4 billion (USD279.1 million) as of 31 August 2025, supported by a retail deposit mobilisation strategy, leveraging digital channels and partnerships.
As a result, current and savings account (CASA) deposits accounted for a considerable 92.1% of customer deposits as of 31 August 2025, which translated to a relatively low cost of funds of 3.8% as of the same date.
Premium Trust Bank is renowned for its customer-centric approach, innovative solutions, and commitment to economic empowerment.
With a rapidly growing branch network now at 26 branches across Nigeria and a strong focus on leveraging technology to drive financial inclusion, Premium Trust continues to set new benchmarks in the banking industry.
Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!
 as at August 2025, from N71.3 billion.){kind=link}