Globus Bank has successfully raised ₦200 billion in paid-up capital, meeting the Central Bank of Nigeria’s recapitalisation requirement ahead of the Q1 2026 deadline.

The Managing Director and Chief Executive Officer, Elias Igbinakenzua, confirmed this milestone in an exclusive interview with BusinessDay.

The bank began with ₦45.8 billion before the CBN’s recapitalisation announcement. In 2024, it raised an additional ₦53 billion, bringing its capital to ₦98.5 billion. This year, it secured another ₦102 billion, completing the ₦200 billion requirement.

Igbinakenzua stated, “Subject to CBN’s capital verification, we have completed our capital raise exercise and have crossed the CBN requirement of N200bn for a bank with national authorisation, ahead of Q1, 2026 deadline.”

He emphasized that the achievement reflects deliberate planning, consistent performance, and sustained investor confidence.

The MD/CEO also addressed the bank’s growth, noting that its total assets increased to ₦1.6 trillion in 2024, with gross revenue rising to ₦142 billion and Profit Before Tax reaching ₦55.78 billion. Globus Bank maintains zero non-performing loans after six years of operation.

Igbinakenzua praised the CBN’s monetary policies under the current governor, acknowledging their role in stabilizing the economy while highlighting the challenges of a 50% Cash Reserve Ratio on banks’ lending capacities.

The bank remains focused on expanding within Nigeria, with 43 branches currently operational and plans to open more before year-end.