Providus Bank Limited has clarified its financial standing, confirming that it has fully complied with the recapitalisation requirements set by the Central Bank of Nigeria (CBN).

In a statement released on Friday, the bank addressed recent media reports questioning the recapitalisation status of some financial institutions, stating that it was necessary to provide accurate information regarding its position.

According to the bank, under the CBN’s recapitalisation guidelines, regional commercial banks are mandated to maintain a minimum capital base of ₦50 billion.

Providus Bank stated that it achieved this requirement as far back as January 2025 and currently maintains a capital base of ₦65 billion, which exceeds the regulatory threshold.

The bank emphasised that any claims suggesting it has not met the required recapitalisation standard are inaccurate and do not reflect its current compliance status with regulatory authorities.