Parallex Bank launches another branch in Lekki

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Parallex Bank has reiterated its commitment to serving more customers, reaching more communities and contributing to the country’s economic growth.

The Chairman of the Parallex Bank, Dr Adeola Phillips, stated this in her welcome address at the launch of the Bank’s Lekki Branch in Lagos on Wednesday.

She said that the branch opening marks an exciting new chapter for Parallex Bank as it comes a few weeks after the opening of its Marina branch, also in Lagos.

Dr. Phillips, who disclosed that Parallex Bank is set to open four new branches in strategic locations, such as Ibadan, Abuja, Warri, and Isolo, said the expansions signify the bank’s “unwavering commitment to reaching more communities, serving more customers, and contributing to the economic growth of our great nation.

She further stated as the world of banking continues to evolve rapidly, driven by technological advancements and changing customer expectations, Parallex Bank remains committed to staying at the forefront of this evolution.

According to her, the bank’s vision “remains to leverage technology to enhance efficiency, strengthen management practices, expand our product offerings, and deliver exceptional customer experiences.”

She added. “We embrace change with open arms because we know that it is through change that we can shape a brighter future for our bank and all its stakeholders.”

She stressed that the bank’s journey to becoming the preferred financial solutions provider is not just about making profit, but “it’s about creating a positive economic impact, building trust, and fostering lasting relationships with our customers and communities.”

“We are convinced that our responsibilities go beyond the balance sheet, and we are committed to making an impact in the communities we serve,” the Parallex Bank chairman said.

Expressing her gratitude to shareholders, customers, and stakeholders for their unwavering support and trust in Paralex Bank, she said their presence at the event was a testament to their commitment in shaping the bank’s future.

She also commended the bank’s employees for their dedication and commitment. 

The Parallex Bank Chairman said: “We are committed to fostering a diversity, inclusion, and growth culture, empowering you to excel in your roles and continue delivering value to all stakeholders.”

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She assured customers that the Board, management and staff of Parallex Bank will continue to work diligently to meet and exceed their expectations.

Also speaking at the event, the Managing Director of Parallex Bank, Mr. Femi Bakre, commended the board, management and staff of the bank for their support in ensuring that the financial institution became profitable in less than two years of its commencing operations.

He attributed this to the adequate investment that the bank made in technology. 

He noted that Parallex Bank was the preferred bank in the industry during the cash scarcity crisis due to the efficiency and reliability of its digital banking platforms.

He pledged that the bank will continue to introduce products and solutions that will meet the needs of all businesses, especially, SMEs and MSMEs. 

He noted that the bank has also introduced solutions for the Gen  Zs and Nigerians in the diaspora.


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