Polaris Bank has named a new board and management a day after the Central Bank of Nigeria announced the sale of the lender to Strategic Capital Investment Limited. The new board will be led by the existing chairman M K Ahmad, who will be joined on the board by six non-executive directors and three executive
Polaris Bank has commenced a nationwide savings campaign tagged: Polaris ‘Save & Win’ Promo to give away millions of Naira in cash rewards to its loyal and prospective customers who would partake and emerge winners in the promo. Four millionaires will emerge alongside 4,379 Nigerians who will be rewarded with other cash gifts from N100,000
Polaris Bank has introduced a cashflow lending product for small and medium scale enterprises (SMEs) tagged: ‘Polaris Business Loan.’ The facility offers both existing and new SME customers of the bank the opportunity to access quick loans for stock replacement, equipment finance, working capital and business expansion to sustain and scale up in the business.
Polaris Bank said it has continued to receive plaudits from its customers since it commenced payment of US dollars to beneficiaries of money transfer in line with Central Bank of Nigeria’s (CBN) recent payout policy directive. The bank noted, shortly after it sent out notices to customers that beneficiaries of money transfer who received their
Polaris Bank has commenced payment of US dollars to all beneficiaries of money transfer across all its branches in Nigeria. According to a notice from the bank to its customers, beneficiaries of money transfer can now receive their remittance in US dollars in cash or directly into a domiciliary account in the bank. The service
Polaris Bank Limited has announced the appointment of Mr. Segun Opeke as an Executive Director of the bank. The appointment was made by the bank’s Board of Directors and the Asset Management Corporation of Nigeria (AMCON). The development comes on the heels of the recent appointment of Mr. Innocent C. Ike as the Acting Managing
Polaris Bank has pledged that its Polaris Pearl account will equip women entrepreneurs with the requisite knowledge, skills, and support to run their businesses profitably. The bank announced that following from its interaction with women across the country, it has discovered that most of them are unable to access finance to either stabilise or scale
Polaris Bank has launched the ‘Polaris Target Savings Account,’ to help Nigerians imbibe healthy savings culture as a means to building a strong financial base. The bank in a statement released at the weekend quoting its Group Head, Products & Market Development, Mrs. Adebimpe Ihekuna, to have said: “The savings culture is gradually going into
Polaris Bank has reaffirmed its commitment to the promotion of small and medium scale enterprises (SMEs), especially those operating in the beauty and wellness industry in Nigeria. This was revealed by Polaris Bank Managing Director/CEO, Mr. Tokunbo Abiru while disclosing plans by the bank to support this year’s Beauty Souk – the niche fair for
Polaris Bank, a customer-centric and future determining bank positioned to deliver innovative solutions has unveiled its agency banking solution to serve as a vehicle to reach the unbanked and underbanked, as well as to deepen financial inclusion across Nigeria. According to a statement, the Polaris agency banking solution known as ‘SurePadi,’ was designed to provide
