PremiumTrust Bank has said that the financial institution was founded by its Managing Director/Chief Executive Officer, Emmanuel Emefienim alongside seasoned and well diversified entrepreneurs who have distinguished themselves in various fields and endeavors.

A statement by the bank noted that since its entrance into the Nigerian banking sector, there have been much speculations surrounding its ownership structure.

According to the statement, information on ownership and directorship of the Bank is in the public domain and available on its website.

The statement said the bank was licensed by the Central Bank of Nigeria in December 2021 to operate as a Commercial Bank in Nigeria, but officially opened for business in Port-Harcourt, Rivers State on the 19th of April 2022.

The statement partly read, “Two other branches were opened in quick succession in line with the Bank’s branch expansion strategy. Subsequently, on the 30th of May 2022, the Bank opened its 4th Branch along Mariam Babangida Way, Asaba, Delta State – The Branch was dedicated and declared open by the General Overseer of RCCG, Pastor Enoch Adeboye on the invitation of our MD/CEO, Mr. Emmanuel Emefienim and other dignitaries in attendance.

“As at date, four additional branches in Abuja, Ado-Ekiti, Warri and Redemption City (Ogun State) have been opened bringing the total number of branches to eight within nine months of operations.”

The statement said the bank has a vision to be the most preferred bank by 2027 and a leading voice in consumer banking in Africa by 2032.

It said the bank has continued to create value for its stakeholders and Nigeria as a country and prides itself on best banking practices and professionalism, as exemplified by the accolade of ‘Nigeria’s Fastest Growing Bank 2022’ — awarded by the Management of BusinessDay Banks and Other Financial Institutions Awards Committee.