Polaris Bank launches new digital bank in line with acceleration of e-payment services

NIGERIA – Polaris Bank Limited, a commercial bank based in Nigeria, has disclosed in a statement the launch of a new digital bank. The bank said this was necessary with the rising opportunities in the e-payment systems accelerated by the COVID-19. “Feelers indicate that the bank’s new digital bank, which has for some time been in test mode among its staff and customers, is set to grow its market share, targeting a new generation of digital natives and immigrants who are socially and financially aware of innovations in self-service and…

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Innocent Ike succeeds Abiru as Polaris Bank MD

NIGERIA – Polaris Bank, one of Nigeria’s universal commercial banks has appointed Mr. Innocent Ike as the Bank Managing Director/Chief Executive Officer effective September this year. The Bank said that Mr. Ike’s appointment was approved by the bank’s board, the Asset Management Corporation of Nigeria, and the bank’s shareholders. The Bank through its secretary further revealed that Mr Innocent Ike will assume the role on acting capacity, succeeding Mr Tokunbo Abiru who will be proceeding to retirement. Mr Tokunbo Abiru, will be proceeding on his retirement, having successfully completed his…

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Tokumbu Abiru bows out of Polaris Bank after a successful 4-year stint as MD

NIGERIA – The Managing Director/Chief Executive Officer, Polaris Bank Limited, Mr Tokunbo Abiru, retiring from his role after 4 successful years at the Bank. In statement, Polaris Bank said that Tokumbu Abiru is bound to retire end of AUugust this year after successfully completing his second two-year tenure at the helm of the bank. “It gives me great pleasure to say that with the support of the board, executive management and all of you, we have delivered on the mandate given to us by the Central Bank of Nigeria upon…

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Polaris Bank commits to climate action and sustainable banking

NIGERIA – Polaris Bank, a leading Nigerian bank, has announced that it has joined the United Nations and other leading banks across the world in championing for climate friendly and sustainable banking. The bank in September this year agreed to become a founding signatory of the UNEP FI Principles for Responsible Banking as part of its commitment to climate action and sustainability. The launch and signing ceremony of the UNEP FI Principles for Responsible Banking took place in September this year at the United Nations headquarters in New York, United…

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