Parallex Bank says it has officially transitioned from a microfinance institution to a commercial bank.
The bank unveiled its new brand entity, over the weekend at its corporate head office in Victoria Island, Lagos.
According to the bank, its transformation into a commercial bank is a first-of-its-kind achievement in the Nigerian banking space.
Adeola Phillips chairman of Parallex Bank, said the bank is delving into the commercial banking space to drive consumer-centric innovation that will propel the Nigerian banking industry to greater heights.
While emphasising that the bank’s goal is to drive convenient and efficient commerce through digital platforms.