This saw the bank record impressive key ratios such as Net Interest Margin (NIM) of 82 per cent, Return on Equity (ROE) of 61 per cent, and impressive Cost of Funds (CoF) of 2%.

Speaking at its inaugural Annual General Meeting (AGM) in Lagos recently, Dr. Perez Araka, chairman, Board of Directors, PremiumTrust Bank, reassured stakeholders of robust financial performance and sustained profitability, highlighting its commitment to driving growth and delivering exceptional value.

Stating that the bank remained committed to delivering consistent growth, financial stability, and exceptional value while serving the banked, underbanked, and unbanked segments of the Nigerian population, Dr. Araka also revealed that the board, in line with its oversight responsibilities, was focused on leveraging the Bank’s strengths to ensure continued profitability and long-term success.

On his part, Emmanuel Efe Emefienim, the managing director/CEO of PremiumTrust Bank, , expressed confidence in the bank’s capability to surpass its 2023 financial performance and go on to achieve even greater success in 2024.

According to him, the bank would continue to innovate, expand its service offerings, and enhance customer experiences to drive significant growth.

“The numbers are already trending in the right direction, and when we gather here next year, the results will surpass what we recorded this year,” he said.

PremiumTrust Bank said it is committed to reshaping the financial landscape. With an impressive financial performance in 2023 and a relentless drive for innovation and speed of execution, the bank stressed it is poised to deliver even stronger financial results in the coming year, further solidifying its position as a leader in the industry.

Pastor Enoch A. Adeboye, the General Overseer of the Redeemed Christian Church of God, presided over the opening ceremony.

Mr. Emmanuel Emefienim, Managing Director/Chief Executive Officer of PremiumTrust Bank, thanked Pastor Adeboye in his opening remarks for his unwavering support since the bank’s inception.

“In nine months of existence, we have won three awards: Leadership Most Innovative Bank (2022), BAFI Nigeria’s Fastest Growing Bank (2022), and BAFI Bank of the Year (2022) (Sports Development).

We were the lead sponsor and sole banker for the 21st National Sports Festival; we co-sponsored and kitted Bayelsa Queens FC, who represented Nigeria at the CAF Women’s Champions League Competition in Morocco, where they returned with a bronze medal.

Tobi Amusan and Ese Brume, two world-class renowned athletes, were also signed on as brand ambassadors by PremiumTrust in order to encourage them, provide training funds to enable them to compete and excel in their chosen field, and do more for our country, Nigeria.

This is in addition to our three-year partnership with the Nigerian Athletics Federation. All of these factors combined to distinguish us as deserving winners of these prestigious awards.

“We want to be the number one digital bank in Nigeria by rolling out digital solutions like you have never seen in the history of banking in Nigeria.”