Parallex Bank challenges Access, GTB, Zenith, UBA others for customers, opens new branch

Parallex Bank, the latest commercial bank in Nigeria has unveiled a new branch in Lagos and has promised 12 more before the end of the year.

Speaking at the official launch, Olufemi Baker, managing director at Parallex Bank, promised to introduce disruptive technology and innovative products into the Nigerian banking space.

He also said there will be deployment of solution-driven banking applications and first-class service to give it a competitive edge, Punch reports.

His words: ‘Our first task is to understand every customer’s business, needs and history and come up with the best available offerings that are unique and unmatchable in the industry, using technology and talent, which has enabled us not only to compete but to be nothing than the best in the industry."

Parallex Bank customers

Bakare also revealed that the bank has over 100,000 customers, and products will be introduced to attract more.

He also revealed a plan to open five new branches in strategic locations, which are Lekki, Ibadan, Abuja, Warri, and Isolo.

Also, speaking the Chairman of Parallex Bank, Dr Adeola Adejoke Phillips, stated that the bank is not only expanding branches but also deepening its innovation and impacting businesses.

She stated that the bank is dedicated to leading in innovation, efficiency, corporate governance, fostering a culture of growth, providing business support, and striving to surpass stakeholders' expectations.

Phillips, who is also a pastor, also emphasized that through the Marina branch, traders, importers, exporters, corporate entities, and business proprietors in the vicinity will experience top-tier banking services and solution-oriented offerings provided by the bank.