Polaris Bank has once again emerged as the leading digital retail commercial bank in Nigeria, winning the coveted awards for “Digital Bank of the Year” and “Best Bank for MSMEs of the Year” at the Banks and Other Financial Institutions Awards (BAFI Awards).
According to records, this marks the fourth consecutive year that Polaris Bank’s digital banking platform, VULTe, has been adjudged the best, and the third consecutive year as the best bank for MSMEs.
The BAFI Awards Selection and Review Committee recognized Polaris Bank’s outstanding performance in key metrics, including strength of strategy, accelerated user engagement, and platform functionality and security.
While commenting on the award, Mr. Kayode Lawal, the Managing Director/CEO of Polaris Bank, said, “The continuing recognition of VULTe as best digital bank emphasizes the user-friendly and multi-functional strengths of the digital platform.
We understand clearly that this consecutive vote of confidence on our capability is a responsibility, and we are doing everything to remain on the cutting-edge of technology and services.”
Lawal highlighted the bank’s strategic initiatives, which have resulted in significant market gain in digital transactions and lending, with digital lending totaling over N10 billion in the first eight months of the year.
“We are honored to receive this prestigious award, recognizing our commitment to the digital banking ecosystem.
We are sure ongoing strategic initiatives will not only sustain our leadership in digital banking and supports for real sector, but also deliver sustainable growth that will firmly entrench our digital leadership across the financial services industry,” Lawal added.
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