Polaris Bank's Board and Executive Management led by the bank's Managing Director, Mr. Adekunle Sonola; Board Chairman, Mr. Mohammed K. Ahmed paid a courtesy visit to the Governor of Lagos State, Babajide Sanwo-Olu and his deputy, Dr. Kadri Obafemi Hamzat at Lagos House, Marina on Wednesday, 16th August 2023. Photo below:
Tag: Polaris Bank
Polaris Bank Receives Recognition for Supporting Women Empowerment
The International Women Society (IWS) Skills Acquisition Centre, Lekki, Lagos has honoured Polaris Bank with the prestigious 'Providers & Enablers' Award in recognition of the Bank's remarkable commitment and significant contributions to women empowerment, particularly in the area of vocational, skills training and capacity building for women, as undertaken by the IWS. The award ceremony was held at a special graduation ceremony last Thursday, July 27, 2023, at IWS Skills Centre, Lekki, Lagos. Esteemed representatives from various organizations, community leaders, and women who have benefitted from the vocational and skills training programmes were present to celebrate the momentous occasion. The IWS Centre, renowned for its dedication to uplifting women in the community, showcased a compelling video presentation that highlighted the transformational impact of the collaboration between the Centre and Polaris Bank. Through these skill-building programmes, women from diverse backgrounds have been empowered to pursue their passions, unlock their potential, and become self-reliant contributors to society. Mr. Kehinde Akinwunmi, the Principal of the IWS Skills Acquisition Centre, Lekki delivered an impassioned speech expressing his gratitude to Polaris Bank for their unyielding support in nurturing the dreams and aspirations of countless women. He also emphasized the pivotal role played by the Bank in providing financial resources and scholarships for 21 students, enabling the Centre to expand its reach and positively impact the lives of even more women. Responding to the recognition, Polaris Bank's Head of Sustainability, Mrs. Yemi Akinrelere, who received the award on behalf of the Bank reaffirmed Polaris Bank's commitment to advancing gender equality and promoting women's empowerment in line with principle 4 of the Nigerian Sustainable Banking Principle and as a cornerstone of its Sustainability and Corporate Social Responsibility initiatives. "At Polaris Bank, we believe that empowering women is not just a moral imperative, but an essential driver of social progress and economic growth. We
Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy For Landmark 20,000 Metric Tonnes PMS Import
The Independent Petroleum Marketers Association of Nigeria (lPMAN) has commended Polaris Bank, Nigeria's leading digital commercial Bank and Emadeb Energy Services Limited, one of Nigeria's leading indigenous players in oil and gas, for their collaborative efforts and strategic partnership that resulted in the recent importation of 20,000 metric tonnes of premium motor spirit (petrol) into the country. The National Operations Controller of lPMAN, Mr. Mike Osatuyi, speaking exclusively to PLATFORMS AFRICA, described the pioneering feat by Polaris Bank and Emadeb Energy as unprecedented, noting that they have both made it possible for Nigeria to break the age-long monopoly in the downstream sector. He specifically commended Polaris Bank for fully funding the whole cargo to the tune of N13bn, thus enabling the transportation of the 20,000 metric tonnes, or 27 million litres of petrol, to the country seamlessly. He noted that the Bank's support exemplified the pivotal role played by the financial institutions to support the growth of the critical downstream sector of the economy. "The NNPC's many years of monopoly in terms of importation have been broken by Emadeb Energy Services Ltd. This is commendable, particularly for the company. Being the pioneer in a tough terrain is not easy. But of specific interest is (Polaris Bank) the Bank that financed this feat. We were there to witness the event. We saw the cargo ship as it arrived. It is a huge investment. The Bank has demonstrated strong belief in the market after deregulation. I call on others to emulate this," Osatuyi said. The IPMAN Chief added that total deregulation of the downstream sector was good for the economy and assured the association's support for the policy and financial institutions willing to collaborate with other players to ensure an uninterrupted supply of petroleum products available in the country. "We are now in a free market for
Polaris Bank Partners Eventful Limited to host 2023 Fashion Souk
...showcasing Nigeria's Vibrant Fashion Industry_ Polaris Bank, Nigeria's leading Digital Retail Bank, is partnering Eventful Limited to host the 2023 edition of The Fashion Souk scheduled to hold at Harbour Point facility on Victoria Island, Lagos from today Saturday, July 8th, and tomorrow Sunday, July 9th, 2023. The Fashion Souk is set to be an extraordinary enclosed marketplace where Small and Medium-sized Enterprises (SMEs) in Nigeria's fashion industry gather to showcase their diverse goods and services to a large audience. With its extensive collection of fashion-related SMEs, The Fashion Souk stands as the largest congregation of such businesses in Nigeria to date. The event will primarily focus on four thriving industries: manufacturers, leather, retailers, and jewelry & accessories. Over 120 SMEs in Nigeria's fashion industry, leather, and jewelry/accessories sectors, spanning across manufacturers, retailers, and dealers, will participate in The Fashion Souk. This incredible platform provides these businesses with an unparalleled opportunity to exhibit their creativity, product lines, and unique offerings to discerning audience. The Fashion Souk promises to be a remarkable event that showcases the rich diversity, talent, and innovation within Nigeria's fashion industry. Attendees can expect an immersive experience, with an array of unique products, inspiring fashion shows, insightful panel discussions, and networking opportunities with industry experts. In line with its SME focus and commitment, Polaris Bank has partnered and supported businesses in critical sectors of the Nigerian economy including health, education, manufacturing, agriculture, export and others. The Bank has advanced credits to these sectors for acquisition of medical equipment, machines, distribution and logistics of medical products; laboratory equipment, stationaries, furniture, classrooms, school bus; working capital for businesses, expansion, etc. Polaris Bank was adjudged Digital Bank of the Year in 2021 and 2022 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards. It also emerged as the best MSME Bank because of its ability to use
Post No Debit: “Dead” Customer Recants, Thanks Polaris Bank For Protecting His Funds
A Polaris Bank customer Mr Anthony Olasele on Thursday, June 23, writing on his Twitter handle has, applauded the Bank for protecting his account. Mr. Olasele, with Twitter handle @avogroovy, had on his last thread on May 16 alleged that Polaris Bank was "trying to steal millions from my account," while calling out the Bank to provide a copy of the court order from Abuja saying "I am dead and a hold (PND) should be placed on my account so I can go to the same court and show proof of life or lift the inactive status on my account." The tweet caused an uproar on social media, leading many commentators on his thread to question the integrity of the Bank. However, our social media tracker shows that the matter has now been resolved, with Anthony writing on Twitter to thank Polaris Bank, saying, "I am delighted to announce that the PND placed on @PolarisBankLtd account has been lifted and issues resolved amicably and I have access to my funds." "Kudos to the @PolarisBankLtd team that worked assiduously on resolving this matter especially the Customer Care & Legal team that handled communication professionally and with urgency - you guys are champs and a shining light within your organization." He stated that the matter has since been handed over to the police with a proper investigation underway, saying, "The matter is now in the hands of @PoliceNG and a suspect has been arrested last time I checked." Meanwhile, Polaris Bank has responded to Anthony's tweet via her official Twitter handle @PolarisBankLtd "Thank you, @avogroovy, for your generous words. We sincerely value your feedback. As a responsible financial institution, we remain committed to safeguarding our customers' rights at all times. Our actions were solely aimed at ensuring the security of your funds, as this is the utmost priority
2023 World Environment Day: Polaris Bank restates commitment to environmental sustainability in Nigeria
Polaris Bank, Nigeria's leading digital financial institution, has restated its commitment to environmental sustainability in the country. The Bank's commitment is coming on the heels of the 2023 World Environment Day observed yearly on June 5. The annual event is led by the United Nations Environment Programme (UNEP) which is observed globally to encourage awareness and action for the protection of the environment. This year marks the 50th anniversary of the event. The theme of the 2023 World Environment Day is "Solutions to plastic pollution" with the hashtag #BeatPlasticPollution. Plastic pollution is a major environmental problem. Every year, millions of tons of plastic waste end up in our oceans, landfills, and waterways. This plastic can harm wildlife, pollute our air and water, and contribute to climate change. Specifically, and in line with the theme of the 2023 World Environment Day, Polaris Bank has taken proactive measures to address challenges of waste management and plastic pollution while supporting the United Nations' Sustainable Development Goals (SDGs), Nigerian Sustainable Banking Principles (NSBPs) and United Nations Environment Programme Finance Initiative (UNEP FI’s) Principles of Responsible Banking Polaris Bank as part of its environmental sustainability focus has invested in waste management, plastic collection, renewable energy adoption, education, inclusivity, and carbon reduction. By implementing sustainable practices and guidelines, the Bank contributes to individuals' needs and societal goals while ensuring a responsible and environmentally conscious business strategy. "In managing the environmental impact of its activities, Polaris Bank has made significant efforts to reduce carbon emissions and dependence on fossil fuels. Through the use of solar energy to power security lights, some ATMs and business locations, as well as implementing automated systems and digital alternatives to paper output, the Bank actively mitigates waste generation and reduces its carbon footprint. "To further minimize its carbon footprint, Polaris Bank has streamlined its vehicle fleet, while
Customers Laud Polaris Bank Exclusive Banking Product – Naijanewsdirect
... Commend Partnerships and bundled investment initiatives Nigeria's leading Retail Bank, Polaris Bank has announced the launch of its exclusive banking product aimed at serving its High Net-worth Individuals (HNIs) seeking innovative investment options in challenging economic times. The unveiling which took place in Ikoyi, Lagos, on Tuesday was attended by esteemed guests, industry experts, and corporate customers from across the country. The exclusive banking proposition, designed to guide HNIs towards high-yield investment opportunities, received an overwhelmingly positive response from customers present at the launch with most of them offering their testimonials, and endorsements, to the value offered by the products. A customer and Founding Partner of a Lagos-based Law Firm at the event Mrs. Damilola Adegbenro, noted, "Polaris Bank has provided me with personalized guidance and access to exclusive investment options, helping me navigate the complex financial landscape. I highly recommend the bank's exclusive banking proposition." Another customer, Alhaji Dahiru Mustapha, a large-scale farmer, praised the bank's commitment to customer satisfaction and its holistic approach to banking. "What sets Polaris Bank apart is their attention to detail and the bank's understanding of the diverse needs of HNIs. Not only has the bank guided me towards high-yield investment options, but its partnerships with leading brands in complementary services have also helped me to enjoy exclusive lifestyle privileges. At the launch, experts from Partner brands across sectors discussed robust and available wealth management windows for HNIs and guests, providing attendees with valuable insights and expert advice. Some of the partners include MIXTA Africa represented by Andrea Cameron-Cole who spoke about the immense real estate investment vehicles available in Nigeria and across Africa; Toyin Deinde, Chief Operating Officer (COO) of Tangerine Africa spoke about available world-class health insurance HNIs could subscribe and benefit from being Polaris Bank's Exclusive Banking customers. A representative of VTA Global Services introduced to the guests
Children’s Day: Polaris Bank Urges Parents To Teach Their Kid’s Savings Culture
As the world commemorates 2023 children’s’ day celebration, Polaris Bank has urged parents to imbibe in their kids, the art of saving by opening Polaris Rainbow Account. To encourage savings amongst kiddies, Polaris Bank offers its customers a specialized savings account, Polaris Rainbow Account, for kids between zero and 12 years. The account is part of a range of products designed by the Bank to ensure that, from infancy to adolescent, and to adulthood, there is a financial solution for everyone”. Polaris Rainbow Account, managed by parents or guardians, provides an opportunity for children to gain financial literacy from an early age. It also offers competitive interest rates on savings, as well as access to e-channel platforms. Polaris Rainbow Account provides automatic migration to the Polaris Young Achievers account (a specialized savings account designed for teenagers), once a child clocks 13. Commenting on the value of Polaris Rainbow Account, the Bank's Group Head, Brand Management & Corporate Communication, Nduneche Ezurike said, “We are extremely passionate about children and believe in the importance of savings in creating a successful future and helping them achieve their hopes and dreams. Our Polaris Rainbow Account has been created to support parents in establishing a solid foundation for their children.” Customers and prospects can sign up to the product at any Polaris Bank branch, nationwide. It is also available for activation through SurePadi agents in their respective neighbourhoods or online, through the Bank’s account opening portal at https://accounts.polarisbanklimited.com/opening/. For additional information on Polaris Bank’s products and services, please contact Polaris Bank’s 24/7 Multilingual Yes Centre on 0700-POLARIS(0700-767-2747) or via email at yescenter@polarisbanklimited.com Polaris Bank is re-defining banking products that meet the needs of individuals and businesses. The Bank was adjudged Digital Bank of the Year 2021 and 2022.
Polaris Bank Excites Affluent Customers With New Product – Naijanewsdirect
…Offers Free VISA Signature Card Polaris Select Plus Account is offering its current and prospective customers a range of exclusive lifestyle and banking benefits, especially for those who value comfort and luxury. One of the product's key benefits is the free VISA Signature Card, which provides premium travel and lifestyle and a wide range of exclusive rewards and benefits. With a VISA Signature Card, one can enjoy a world of luxury and comfort whether shopping, dining, or traveling. Other benefits include; complimentary travel insurance of up to $750,000, 24/7 concierge service, exclusive access to events and experiences, and free visits to over 1,300 local and international airport lounges globally. The account also offers business and personal loans at competitive interest rates and flexible repayment terms. Customers can receive free advisory services on expanding their global footprint and gaining access to new trade and investment opportunities. They also receive a dedicated relationship manager who provides expedited and personalized services, discounts on annual medical exams abroad, and access to mortgage loans. For further information and to open a Polaris Select Plus account, please visit https://www.polarisbanklimited.com/polaris-select-plus/; call your Polaris Bank relationship manager or visit the Polaris Bank branch closest to you. Polaris Bank is a leading bank in digital innovation and is adjudged Nigeria’s Digital Bank of the Year in 2021 and 2022.
5,000 Corps Members Set to Graduate From Polaris Bank DigiCorper Training Programme
...Beneficiaries Express Gratitude Fresh graduates serving under the National Youth Service Scheme ( NYSC) across 12 States have commended Polaris Bank for enhancing their digital literacy skills and preparing them for the emerging opportunities in Nigeria's digital economy. Polaris Bank, in partnership with the NYSC and Nerdz Factory, had in November 2022 commenced a high-impact capacity-building workshop on digital skills targeted at 5,000 National Youth Service Corps members across 12 states in Nigeria. The 6-month training program aims to equip fresh graduates with the necessary skills to thrive. Providing a progress report on the initiative, Polaris Bank's Group Head, Strategic Brand Management, Nduneche Ezurike said that the programme aims to equip young Nigerians with relevant work-ready digital skills on innovation, creativity and digital skills, as well as develop their business acumen. He further noted that "the Bank understands the importance of digital literacy in today's job market. That's why we are committed to helping fresh graduates improve their skills through our training program. We believe that by doing so, we are helping them succeed in their careers and contributing to the growth and development of the national economy as a whole." Commending the programme, Halimah Usman noted: "I am grateful to the Bank for providing me with the opportunity to improve my digital skills through their training programme. The skills I have acquired will help me secure a job in the digital marketing industry, and I am confident that with these skills, I will be able to succeed in my career." Eze Obioma, another Corps member participating in the training, said: "The Bank's training programme is a step in the right direction, and it is hoped that other organizations will follow suit in helping fresh graduates develop the digital skills they need to succeed in their careers". Another participant, Ajayi Adeyemi, added, "The trainers were very supportive, and