" ITREALMS: Parallex Bank debuts, promises limitless possibilities – ITREALMS


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Friday, January 14, 2022

Parallex Bank debuts, promises limitless possibilities – ITREALMS

ITREALMS ... making leadership SENSE with digital news!

History was made with the official launch of the Parallex Bank on Friday with a promise of limitless possibilities, reports 

The chairman, Parallex Bank, Dr. Adeola Phillips said at the unveiling in Victoria Island, Lagos, they are here to make a unique statement about what innovation could do in an industry that is constantly reinventing.
She also said that the bank will operate broadly with a competitive mindset, to disrupt the market and delight customers with very attractive offers.

“The goal is to empower the banking public and to drive convenient and efficient commerce through the bank digital platforms,” she said, stressing that Parallex mobile app, for instance, offers customers the freedom to do much more.

“The app will eliminate inconveniencies and hardships often faced by customers while carrying out transactions,” the chairman said.

Corroborating the Chairman’s claims, the Managing Director of Parallex Bank, Mr. Olufemi Bakre, popularly known as Mayor, said the bank’s promise to its customers is to be an enabler of limitless banking. He established that Parallex Bank is the first bank in Nigeria to migrate from a microfinance bank to a commercial bank. He is convinced that Parallex Bank limited will achieve more as the bank partners with customers to explore more business opportunities.

Mr Olufemi said the vision of Parallex Bank is to be the preferred financial solution provider redefining customer experience through innovation. He assured customers of excellent banking products and services stating that the bank offerings are designed to address the yearnings of Nigerians. With a strong ecosystem anchored around the customer, Mr Femi informed the guests that the bank has a robust product portfolio that is customer focused, innovative and simple.

According to him, the Parallex mobile app has unique features and benefits that are quite rare in this market. On the app, customers can choose to create their unique account numbers, increase their transfer limits, make five free transfers per day to any bank in Nigeria. They can request for free debit cards, which will be delivered to them for free. They will receive prompt responses to enquiries.

Beyond the app, Mayor revealed that customers will enjoy zero maintenance fees while current account holders will further enjoy up to 5 per cent interest rate provided, they maintain a minimum average balance of N100,000.

Chuks Egbune/DoP

Photo: L-R: Reverend Thomas Ehis Amenkhienan, Non-Executive Director, Parallex Bank, Dr. Adeola Philips, Chairman, Parallex Bank Limited, Olufemi Bakre, Managing Director/CEO, Parallex Bank Limited, Dr. Ernest Ndukwe, OFR, Chairman, MTN Nigeria, His Excellency, Deputy Governor of Delta State, Deacon Barrister Kingsley Otuaro

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