Providus Bank Plc is a Nigerian financial institution, licensed by the Central Bank of Nigeria since November 2018 as a regional commercial bank to provide banking services to its numerous customers in Lagos and the Federal Capital Territory, Abuja.
The bank has its headquarters located at 724 Adetokunbo Ademola Street, Victoria Island, Lagos, the financial capital of Nigeria. The bank currently has a customer base of about 2 million and over 1000 staff strength spread across Lagos and Federal Capital Territory with the primary objectives to serve corporate bodies, government agencies, institutions, small and medium sized and high profiles individuals.
Providus bank has Alhaji Hussaini Dikko as its Chairman and Walter Akpani as its managing Director and Chief Executive, among others.
In this article, we shall take a look at the bank brief history, its salary structures for its staff, ranging from Bank interns, entry level, graduate trainees to the senior management positions, their employment opportunities and of course factors that determine the Bank Salary Structures for their numerous staff payrolls in Nigeria.
Providus bank has done excellently well within its short time of its existence in the financial market by providing banking operations with highly innovative services, ranging from business advisory, portfolio management, personalized relationship management, fast tracked service delivery and self service solutions.
It also has a primary aim to promote values for institutions, agencies, SMEs and HNIs. To this end, the bank focuses on developing expertise as well as partnering with the non-oil sectors of the Nigerian economy like Agriculture, Mining, E-Commerce, Hospitality, Arts and Entertainment.
Providus bank currently maintains a pace and responding to the dynamic needs of its customers, investors, employees, host communities and other stakeholders in line with the contemporary global financial services.
The bank is also known for its revolutionary efforts by providing customers quick access to loan with their first of its kind digital lending product, quick credit which gives the individuals and small businesses instant, real-time access to loans anytime, anywhere.
Generally speaking, a banker is a person who provides financial banking services in a bank.
Basically, there are two types of bank staff namely – a Contract Staff banker and Core Staff banker who is permanent or a regular banker.
- Contract staff:These are staff who are not permanent with the bank. They can only be permanent or absorbed fully into a particular bank after they have fulfilled certain terms of Contract.
- Core staff:On the other hand, core staff are those that are employed by the bank. They are permanent and earn even higher than the contract staff. Their contract with the bank can only be cut short where cases of fraud or financial mismanagement have been discovered.
Below are Providus Bank Salary Structure for its Staff 2023.
Contract Staff: With Providus bank earn between N60,000 to 70,000 and a yearly sum of about N780,000 – N840,000. After years of meritorious services with the bank, the salary could be significantly increased and the staff absorbed fully into the bank.
Front Desk Staff: Are staff with Providus bank that are well paid. They earn between N65,000 – N70,000 and a yearly sum of about N780,000 – N840,000.
Graduate Trainees: are fresh graduates from Nigerian Universities who undergo the compulsory 4-5 months training with Providus bank to handle other sensitive positions as they grow higher. They earn about N74,000 monthly after which they are absorbed into the banking operations as entry level with significant salary increase.
Entry Level Staff: forms workers who have received training and absorbed fully as permanent staff in the bank. They earn about N130,000 monthly, excluding bonuses and allowances attached. As they progress, they are promoted in line with their status of various offices.
Assistant Banking Officers: occupy higher positions with multiple functions in the bank. They earn about N250,000 totally a yearly sum of N3 million.
Banking Officers: are saddled with weight of responsibilities. They earn about N350,000 per month, totalling N4.2 million yearly.
Senior Banking Officers: These categories of staff with Providus bank earn about N500,000 monthly which amounts to about N6 million yearly, excluding watering bonuses and allowances attached.
Assistant Managers: Have higher responsibilities than senior banking officers in Providus bank. They earn as much as N650,000 monthly and a yearly sum of N7.8 million.
Deputy Managers: These categories of staff in Providus have weight of responsibilities in the bank with a monthly take home of about N800,000 and yearly earnings of N9.6 million.
Branch Managers in Providus bank are the highest management employees or staff charged with the responsibilities of running the day to day particular branch of the bank. They earn as much as N1.3 million which amounts to about N15.6 million yearly.
In summary, Providus bank has within its short time in the industry made the list of fast growing regional commercial banks in Nigeria with efficient, reliable and good banking operations where its staff are handsomely paid and jobs secured.
No doubt, job seekers in the categories of graduate trainees and those who have the intention to move from other sister banks in Nigeria to Providus bank will find the information provided here very useful.