Polaris Bank has been recognized as the “Best Bank for MSMEs” for the third consecutive year at the Banks and Other Financial Institutions Awards (BAFI). This accolade underscores the bank’s commitment to supporting micro, small, and medium enterprises (MSMEs) through considerate lending practices and a focus on fostering growth within the real sector. The award is a testament to Polaris Bank’s leadership in providing essential banking services tailored to the needs of small businesses.
The BAFI Awards, a prestigious recognition in the financial industry, highlighted Polaris Bank’s outstanding contributions to the MSME ecosystem, making it the only bank to achieve such consecutive honors. The awards are voted by experts and analysts who acknowledge Polaris Bank’s significant role in driving innovation and economic development through its support for small businesses.
In response to the award, Polaris Bank’s Managing Director/CEO, Kayode Lawal, emphasized critically the importance of MSMEs in economic growth and employment. He noted that the bank has disbursed over N60 billion to MSMEs within the first eight months of the year, reaffirming its dedication to impact lending and the continued prioritization of small businesses, entrepreneurship, and sustainability.
