Parallex Bank Crowned Reputable Bank of the Year
Sahara Weekly Reports That Parallex Bank Limited, a rapidly emerging commercial bank in Nigeria, has received esteemed recognition as the Reputable Bank of the Year at the 2023 Reputable Banks & Fintech Awards (RBFA), presented by the Global Reputation Forum in the United Kingdom. Dr. Olufemi Bakre, the Chief Executive Officer of Parallex Bank, proudly represented the organization at the awards ceremony held at Westminster Bridge, London, where the bank stood out among a select group of the most reputable banks and fintech institutions across Africa.
The Global Reputation Forum acknowledged Parallex Bank’s distinguished performance in corporate governance as the basis for this prestigious accolade. Tonye Indaminabo, the Chief Executive Officer of Reputation Poll International, highlighted that Parallex Bank holds a unique position as the first and currently the sole financial institution to transition from a microfinance bank to a commercial bank in Nigeria.
The annual Reputable Banks and Fintech Awards and Conference, orchestrated by Reputation Poll International, a globally acclaimed reputation-management firm, is strategically designed to recognize the exponential growth, accelerated progress, and transformative reforms within Africa’s banking and financial sector. The selection process is meticulously based on polls conducted among the public and customers, honoring and celebrating banks and fintech institutions that play pivotal roles in propelling Africa’s rapidly evolving financial landscape forward.
Parallex Bank, a recipient of multiple awards, has consistently demonstrated excellence in banking practices, securing various accolades both locally and internationally over the past two years. Dr. Olufemi Bakre, the Managing Director of Parallex Bank, expressed his satisfaction with the awards, emphasizing that they underscore Parallex Bank’s substantial impact on the Nigerian banking sector. He highlighted that the bank’s commitment to its founding values has earned recognition from esteemed organizations through a series of prestigious awards.
Bakre reiterated the bank’s unwavering commitment to its “limitless banking” mantra, ensuring that every Nigerian experiences banking differently. He emphasized the substantial investment in banking technology, enhancing customer experiences with seamless transactions on the bank’s platforms. Parallex Bank’s dedication to innovation and customer satisfaction recently earned it the esteemed title of Agency Bank of the Year at the Businessday’s Banks and Other Financial Institutions (BAFI) Awards.
This latest accolade not only solidifies Parallex Bank’s reputation as an industry pathfinder but also serves as a testament to its ongoing commitment to shaping the future of banking in Nigeria and beyond.
