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    Wednesday, December 20, 2023

    Parallex Bank Gets Annual Recognition

    A commercial bank, Parallex Bank Limited, has emerged as ‘Reputable Bank of the Year’ at the 2023 Reputable Banks & Fintech Awards held at Westminster Bridge, London, United Kingdom.

     According to a statement issued on Monday, the Chief Executive Officer of the bank, Dr Olufemi Bakre, received the award on behalf of the organisation.

    Speaking on the award, Bakre said that the award and others before it underscored Parallex Bank’s impact on the Nigerian banking sector. He said, “The bank’s commitment to its founding values has earned recognition from esteemed organizations through a series of prestigious awards.”

    Bakre reiterated the bank’s unwavering commitment to its ‘limitless banking’ mantra, ensuring that every Nigerian experience banking differently.

    He stated that the substantial investment in banking technology enhances customer experiences with seamless transactions on the bank’s platforms.

    The Global Reputation Forum acknowledged Parallex Bank’s distinguished performance in corporate governance as the basis for the accolade. The Chief Executive Officer of Reputation Poll International, Tonye Indaminabo, stated that Parallex Bank holds a unique position as the first and currently the sole financial institution to transition from a microfinance bank to a commercial bank in Nigeria.

    The annual Reputable Banks and Fintech Awards and Conference is designed to recognise the growth and transformative reforms within Africa’s banking and financial sector.

    According to Indaminabo,  the selection process was meticulously based on polls conducted among the public and customers, honouring and celebrating banks and fintech institutions that play pivotal roles in propelling Africa’s rapidly evolving financial landscape forward.

    ‘’This latest accolade not only solidifies Parallex Bank’s reputation as an industry pathfinder but also serves as a testament to its ongoing commitment to shaping the future of banking in Nigeria and beyond, the bank affirmed,’’ he said.

    Recently, Parallex Bank won the Agency Bank of the Year at the Businessday’s Banks and Other Financial Institutions Awards.

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