Parallex Bank

Overview

Parallex Bank Limited is a licensed commercial bank in Nigeria, headquartered in Lagos. Originally established as Parallex Microfinance Bank in 2008, it transitioned to a commercial bank in 2021, becoming the first Nigerian bank to make this shift. The bank was recognized as Reputable Bank of the Year in 2023 by the Global Reputation Forum.

Offering a range of services, Parallex Bank provides personal banking solutions, business banking for small and medium-sized enterprises, and agency banking opportunities. Customers have access to fixed-deposit accounts and various loan products to meet diverse financial needs. With a strong focus on digital banking and transparent pricing, the bank empowers individuals and businesses, contributing to Nigeria's economic development.

Basic Information

Contact Details

• Phone: +234 700 7272 5539
• Website: parallexbank.com
• LinkedIn: linkedin.com/company/parallex-bank-ng

Key Focus Areas & Initiatives

• Business banking
• Retail banking
• Small business loans
• Microfinance transition
• Digital customer support
• Agency banking
• Digital financial services
• Transaction management
• Financial inclusion
• Digital banking infrastructure
• Real-time notifications
• Fintech innovation
• Customer-centric banking
• Digital onboarding
• Regulatory compliance
• Mobile banking
• Online banking
• Payment solutions
• Branchless banking
• Financial management
• Digital account opening
• Loan products
• Data analytics
• Digital collections

Technologies Used

• Outlook