Polaris Bank has been recognised as the “Digital Bank of the Year” for the fourth consecutive year at the prestigious Banks and Other Financial Institutions (BAFI) Awards.
This recognition solidifies the bank’s dominance in the digital financial space, driven by its innovative digital banking platform, VULTe.
In addition to its digital banking accolade, Polaris Bank was also awarded “Best Bank for MSMEs of the Year” for the third consecutive year. This award underscores the bank’s commitment to supporting small businesses and the real sector through competitive lending and comprehensive support.
Managing Director/Chief Executive Officer of Polaris Bank, Mr. Kayode Lawal, expressed his delight at the awards. “The continuous recognition of VULTe as the best digital bank highlights its user-friendly and multi-functional strengths,” he said. Lawal noted that Polaris Bank has experienced significant growth in digital transactions and lending, with digital lending surpassing N10 billion in the first eight months of the year.
Lawal attributed the bank’s success to its prioritisation of user experience, convenience, and safety through sustained investments in cutting-edge technologies. “We are honoured to receive this prestigious award, recognizing our commitment to the digital banking ecosystem,” he said.
The BAFI Awards are renowned for their empirical and data-driven selection process, making Polaris Bank’s consecutive wins a testament to its leadership in digital banking and support for the real sector. According to Lawal, the bank is committed to maintaining its cutting-edge position and driving sustainable growth across the financial services industry.
“We understand that this consecutive vote of confidence in our capability is a responsibility, and we are doing everything to remain at the forefront of technology and services,” Lawal concluded.
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