Globus Bank has crossed the ₦200bn capitalisation line almost a year before the Central Bank of Nigeria’s 2026 deadline, proving critics wrong and strengthening investor confidence.
Building Through Crisis
Chief Executive Officer Elias Igbinakenzua frames the achievement as the product of resilience and foresight.
“Forward ever, backward never,” he insists, recalling how advisers urged the bank to settle for a regional licence instead of aiming higher.
Globus began in November 2019, just before COVID-19 disrupted global markets.
Rather than falter, the bank accelerated its digital plans, solved customer pain points, and earned loyalty by standing firm during uncertainty.
Innovating With A “Phygital” Model
From inception, Globus positioned itself differently.
It reached over 80% of Nigeria’s top corporates while expanding to 43 branches nationwide.
At the same time, it pushed digital boundaries—pioneering mobile banking without data and integrating AI into its app.
By combining 20% physical presence with 80% digital delivery, the bank created what it calls a “phygital” model that balances reach with innovation.
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Driving Inclusion, Delivering Results
Globus also advanced financial inclusion.
Its mobile app opens accounts in under four minutes, while youth customers access soft loans and MSMEs gain training in governance and record keeping.
These deliberate efforts expanded its customer base and built trust.
That focus produced strong numbers.
In 2024, revenue doubled to ₦142bn, profit before tax climbed to ₦55.8bn, and assets rose to ₦1.6trn.
Augusto & Co. upgraded Globus to “A”, while GCR raised it to “BBB”, recognising its discipline.
As Igbinakenzua notes, the story remains in its early chapters.
Yet each chapter shows how Globus Bank keeps reshaping Nigeria’s financial landscape with purpose and clarity.
