Providus Bank Salary Structure In Nigeria (2021)

This post contains information on Providus Bank salary structure in Nigeria this 2021, in order to enlighten our readers, most especially those who have the interest of working at this commercial bank on just how much their workers are paid as salaries every month.

Providus Bank Salary Structure In Nigeria

PROVIDUS BANK LIMITED: COMPANY OVERVIEW

Providus Bank is an innovative financial institution that offers customised business solutions and advanced products that will not only answer your business and personal needs today, but also steer you into the future. This commercial bank in Nigeria offers the following services: Business Advisory, Portfolio Management, Personalised Relationship Management, Fast-tracked Service delivery and Self-service solutions.

Providus Bank’s competitive advantage in Private, Institutional, Business and Personal Banking is driven by the philosophy to create support and value for Institutions, Agencies, SMEs and HNIs. Their business development strategy also focuses on developing expertise and collaborating to improve the non-oil (emerging) sector of the Nigerian Economy, which includes but not limited to Agriculture, Mining, Hospitality, E-commerce, and Art & Entertainment.

At Providus Bank, it is believed that the New World of Fast, Smart, Personal and Borderless banking relationship is already here, that is why they are inspired by their Future Forward Banking ethos to make life (at work and leisure) more exciting for their partners with the use of cutting-edge technology that delivers best-in-class customer satisfaction.

Providus Bank, as aforementioned, is a wholly Nigerian financial services provider that is licensed as a commercial bank by the Central Bank of Nigeria (CBN), the country’s apex bank and national banking regulator.

This commercial bank is headquartered at 724, Adetokunbo Ademola Street, Victoria Island, Lagos. As of November 2018, Providus Bank was registered as a regional commercial bank, serving clients in Lagos State and Abuja, the Federal Capital Territory.

It is believed that with the passage of time, the bank will spread its tentacles to every part of Nigeria’s six geopolitical zones in order to help it compete with already established commercial banks in the country. Serving cities like Lagos and Abuja puts it in good stead to do well in other cities across the country. That said, let us now focus our attention on how much Providus Bank pays its workers as salary per month.

PROVIDUS BANK SALARY STRUCTURE IN NIGERIA 2021: WHAT PROVIDUS BANK PAYS STAFF

The following is a compilation of the various salary structures of different hierarchy of workers at Providus Bank (Nigeria) Limited this 2021 based on our research:

SALARY STRUCTURE OF CLEANERS AND SECURITY PERSONNEL AT PROVIDUS BANK

Based on recent findings, the monthly salary of cleaners at Providus Bank currently stands in the price range between ₦30,000 – ₦40,000 while the monthly earnings of security personnel at the bank is between the pay range of ₦40,000 – ₦45,000.

FRONT DESK OFFICER SALARY STRUCTURE AT PROVIDUS BANK

Providus Bank pays their front desk officers a monthly salary in the range between ₦65,000 – ₦70,000 and this amounts to ₦780,000 – ₦840,000 every year.

CONTRACT STAFF SALARY STRUCTURE AT PROVIDUS BANK LIMITED 

Contract staff at Providus Bank Nigeria Limited are paid a monthly salary in the range between the sum of ₦60,000 – ₦80,000, and this salary is dependent on the recruiting company on behalf of the bank. Contract workers may be permanently staffed depending on their agreement with the bank via the recruiting company and when this happens, usually after a specific number of years, their basic salaries are significantly improved upon.

ACCOUNTANTS SALARY STRUCTURE AT PROVIDUS BANK

At Providus Bank Limited, accountants are paid monthly salaries in the range between ₦75,000 – ₦100,000 and this totals a yearly income between ₦900,000 – ₦1.2 million.

GRADUATE TRAINEE SALARY STRUCTURE AT PROVIDUS BANK

Graduate trainees are fresh graduates that are recently employed at Providus Bank and are trained for a period of about four months so as to get them up to speed with the banking operations of this financial institution. The salary scale of graduate trainees at Providus Bank Nigeria currently is about ₦74,000 per month for the entire duration of the four month period, after which they are absorbed into the bank at entry level with a significant increase in their salaries.

MANAGEMENT TRAINEE SALARY STRUCTURE AT PROVIDUS BANK NIGERIA

Management trainee are experienced workers that are already in the know of what the banking job entails. They are bank workers coming into Providus Bank from other banks and as such require the necessary training in order to familiarize them with the mode of operation at Providus Bank Limited. Throughout the duration of their training, management trainee at Providus Bank Nigeria Limited are placed on a monthly salary of about ₦84,000 after which they are fully absorbed into the bank and their pay is significantly upgraded.

ENTRY LEVEL SALARY STRUCTURE AT PROVIDUS BANK NIGERIA LIMITED 

Entry level workers are staff members at Providus Bank recruited as fresh graduates who have undergone the necessary graduate trainee programme and are employed on a permanent basis. On the average, the starting salary of entry level workers at Providus Bank Nigeria Limited this 2021 is about ₦130,000 per month. Other allowances and bonuses add significantly to this figure, and as they are promoted up the hierarchy, their salaries also increase further to match the status of their various offices.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and an Editor at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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