Providus Bank Plc has expanded its national footprint with the commissioning of a new branch in Ado-Ekiti, reinforcing its growth strategy and commitment to financial inclusion.

The development was disclosed by the bank’s Group Head of Brand and Corporate Communications, Dafe Ivwurie, as the lender continues to scale operations following its early compliance with the Central Bank of Nigeria’s recapitalisation requirements.

Having met the regulatory capital threshold since January 2025, the bank said it is now focused on bringing banking services closer to individuals and businesses while supporting economic activity in key regions.

The bank described the new branch as part of a deliberate and strategic expansion plan.

Executive Director and Chief Financial Officer, Deoye Ojuroye, said the move aligns with its goal to strengthen nationwide presence over the next year.

“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’s financial position remains solid.

“We are well capitalised within our regulatory category, and that gives us the confidence to continue expanding responsibly.”

He emphasised that disciplined capital and risk management continue to underpin the bank’s expansion strategy.

The expansion comes amid broader strategic developments within the bank.