JUST IN: Governor Speaks as New Bank Launches New Branch to Compete With GTB, Access, Zenith, Others

Governor Speaks as New Bank Launches New Branch to Compete With GTB, Access, Zenith, Others

Governor Speaks as New Launches New Branch to Compete With GTB, Access, Zenith, Others

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Parallex Bank has announced it has launched its new branch in , the capital of Akwa Ibom StateThe bank was initially started in 2008 as a microfinance bank but became a commercial bank in 2021The state governor assured that development is in line with the drive to offer financial services to its residents at reasonable interest rates

Henzodaily.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

Parallex Bank has formally launched its in Akwa Ibom State's capital, Uyo.

Parallex Bank became a commercial bank in January 2021.
Credit: The Trusted Advisor
Source: Getty Images

This development represents a big step toward the bank's expansion goals, enabling it to provide its services to more consumers in the southern area, according to a BusinessDay report.

Governor Eno speaks

Governor of the state of Akwa Ibom, Umo Eno, hailed Parallex Bank for its quick expansion after receiving a full commercial bank license from the Central Bank of .

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To encourage and assist entrepreneurship in the state, the governor, at the official opening of the Parallex Bank Uyo Branch, charged the bank's management with developing financial services that will supplement the administration's ARISE Agenda.

He gave the bank assurances about the state 's commitment to offering financial services to its residents at reasonable interest rates to promote the expansion of small and medium-sized businesses in the state.

He said:

“We welcome you very warmly to Akwa Ibom State and assure you that we will do our best to support you. We just hope that your coming will increase the tempo of financial services in our state, and we hope to with you in a way that will benefit both the state and the citizenry.”

The governor praised the bank's Board of Directors composition of respectable Christian leaders and tasked them with upholding the bank's reputation for integrity.

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More about Parallex Bank

Initially established in 2008 as a microfinance bank, Parallex Bank became a commercial bank in January 2021 after achieving remarkable success in that capacity via diligence, ingenuity, and a dedication to quality.

On Friday, January 14, 2022, the bank opened its headquarters in Victoria Island, . Since then, it has opened 12 branches around the nation.

14-month-old bank opens two branches

Henzodaily.ng reported that Signature Bank has launched two new branches in the country. The new divisions are located in Umuahia and Aba, both in Abia state.

A statement from the bank on Wednesday confirmed the development, according to a Punch report.

Signature Bank launched its operations in the Nigerian banking sector on Monday, November 21, 2022.

Source: Henzodaily.ng

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