As the Nigerian financial sector moves into the critical phase of the Central Bank of Nigeria’s (CBN) recapitalization exercise, Globus Bank Limited has distinguished itself as an “early bird” achiever. The bank cemented its readiness for the March 2026 deadline well ahead of schedule. Following a year of intentional growth and expansion, the Bank is positioned not just as a participant in the new banking era, but as a trustworthy partner for Nigeria’s ambitious $1 trillion economy goal.
It is no news that in March 2024, CBN set a new ₦200 billion minimum capital threshold for national commercial banks. While several institutions are exploring complex public offers and mergers to meet up, Globus bank has already crossed the finish line. Through a series of highly successful internal capital raises, including a landmark ₦102 billion injection in 2025 via rights issues and private placements, the bank has fully secured the required capital limit.
Also, it is quite notable that this success was achieved entirely through the support of existing shareholders. This shows profound investor confidence and internal financial strength. This early compliance grants Globus bank an added advantage, allowing its leadership to focus on credit expansion and service innovation rather than the recapitalization shuffle currently distracting many of its peers.
In the same spirit of preparedness, Globus bank boasts of having maintained a 0% Non-Performing Loan (NPL) ratio for six consecutive years since its inception in 2019. This is considered the most laudable reason for the bank’s unprecedented asset quality in an industry where 3-5% NPL ratio is considered healthy. This rare feat is a direct result of the Bank’s “cautious growth” strategy.
As the Managing Director/CEO, Elias Igbinakenzua, recently noted, “We have been very deliberate in picking those we lend to. Whether it is MSMEs or corporate giants, every credit requires board-level approval.” This disciplined underwriting has insulated the Bank’s loan book from the defaults that typically weigh down mid-tier lenders. This way, Globus bank has been able to multiply its Profit Before Tax (PBT) to over ₦55 billion in the last fiscal year.
To further confirm the note of progress, Globus Bank’s 2026 roadmap is solidified by its unique “Phygital” strategy; a seamless combination of physical services and superstandard digital infrastructure. As opposed to the norm of outsourcing technological needs, the bank boasts a 50-person in-house IT team that develops its systems from the ground up ensuring uniqueness and premium delivery.
The most outstanding is the Globus Mobile ecosystem, which allows for full account opening in under two minutes. It also features industry-first capabilities like switching between personal and corporate profiles on a single interface. For 2026, the Bank is scaling its AI-driven “Collaborative Intelligence” framework, designed to empower Fintech partners through robust APIs while maintaining the highest KYC and governance standards.
While digital dominance is a cornerstone of its 2026 strategy, Globus bank remains committed to physical accessibility. With 43 fully operational branches in strategic locations, the bank is passionately pursuing its goal to be present in every state capital. The aim is to provide a substitution to traditional banking, while offering personalized, relationship-driven service that caters to the vital needs of several sectors.
It needs no further explanation that Globus Bank’s journey toward 2026 is a masterclass in strategic preparedness. By fusing a fortified capital base with a peculiar record of zero defaults and home-based technological backup, the bank has set a golden bar for the industry. As 2026 unfolds, businesses, travelers, and the digital-native youth can count on Globus Bank as a trustworthy financial partner capable of scaling the intricacies of the modern Nigerian market.
Samuel Agboola is a member of the editorial team of TheScript Newspaper.
