Providus Bank 2023/

Providus Bank, the future forward bank is a commercial bank licensed by the Central Bank of Nigeria (CBN) and headquartered in Lagos, Nigeria. It has branches in all the 36 states of Nigeria and the Federal Capital Territory.

The bank offers a wide range of products and services, including savings accounts, current accounts, investment products, loans, and cards. It also offers digital banking services through its mobile app and internet banking platform.

ProvidusBank competitive advantage in Private, Institutional, Business and Personal Banking is driven by the philosophy to create support and value for Institutions, Agencies, SMEs and HNIs. Its business development strategy also focuses on developing expertise and collaborating to improve the non-oil (emerging) sector of the Nigerian Economy, which includes but not limited to Agriculture, Mining, Hospitality, E-commerce, and Art & Entertainment.

In 2023, Providus Bank announced the closure of its virtual accounts following the directive from the Central Bank of Nigeria. Virtual accounts are bank accounts that are created online and do not have a physical location. The Central Bank of Nigeria issued the directive to close virtual accounts in order to prevent the use of these accounts for fraudulent activities.

Despite the closure of its virtual accounts, Providus Bank remains a leading player in the Nigerian banking sector. The bank has a strong financial position and a commitment to providing excellent customer service.

Providus Bank is committed to corporate social responsibility and has a number of initiatives to support the communities in which it operates. These initiatives include providing financial education, supporting small businesses, and donating to charities.