Polaris Bank

Polaris Bank is a Nigerian commercial bank established by the Central Bank of Nigeria (CBN) on September 21, 2018, to provide commercial banking services to the Nigerian public. It commenced operations on the same day after purchasing the assets and assuming certain liabilities of the defunct Skye Bank. The bank is headquartered in Lagos and operates a nationwide network of over 250 branches, positioning itself as a leading digital commercial bank in Nigeria. Polaris Bank offers a comprehensive range of retail, SME, and corporate banking products. Its retail offerings include various current and savings accounts (such as Polaris Standard Current, Polaris Pearl, Polaris Select Account, Polaris Global Account, and Polaris Salary Account), loans (auto loans, salary advance, personal team loans, digital loans), cards (Visa Naira credit card, prepaid cards, debit cards), and money transfer services (Western Union, MoneyGram, RIA, and others). The bank also provides digital banking platforms including VULTe, internet banking, and USSD banking (*833#). For corporate clients, it offers project and structured finance, international trade services, and international funds transfer. Under the leadership of Managing Director/CEO Kayode Lawal, Polaris Bank has achieved notable recognition, including winning Business Day's Digital Bank of the Year Award for four consecutive years (2021–2024). The bank emphasizes innovation, customer-centric solutions, and sustainable banking practices, with a focus on corporate social responsibility initiatives such as advancing girl child education in Nigeria. It operates as an equal opportunity employer and aims to expand its market share and enhance financial performance through digital transformation. The specific branch "Polaris Bank Airport Road Lugbe Branch Abuja" is one of the bank's many locations, serving customers in the Lugbe area of Abuja, Nigeria's capital territory. This branch provides the full range of Polaris Bank's retail and commercial banking services to individuals and businesses in the region.

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018, to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank. This move was part of a regulatory intervention to ensure stability in the Nigerian banking sector after Skye Bank faced financial difficulties. Following its establishment, Polaris Bank operated as a bridge bank, with the CBN appointing a new management team led by Managing Director/CEO Kayode Lawal (also referred to as Mr. Omokayode Mudathir Lawal). The new management was tasked with developing an innovative but sustainable growth strategy that prioritized the needs and aspirations of customers. The bank inherited a nationwide network of branches, which has since grown to over 250 locations. In 2022, Polaris Bank was sold by the CBN to Strategic Capital Investment Limited, a private investor group, marking its transition from a bridge bank to a privately owned commercial bank. The bank has since focused on digital transformation, launching platforms like VULTe, internet banking, and USSD banking (*833#). Under Kayode Lawal's leadership, Polaris Bank won Business Day's Digital Bank of the Year Award for four consecutive years (2021–2024). The bank continues to expand its market share and enhance financial performance through innovation and customer-centric solutions, while also engaging in corporate social responsibility initiatives such as advancing girl child education in Nigeria.

• 2024

  Won Business Day's Digital Bank of the Year Award for the fourth consecutive year (2021-2024).

• 2022

  Sold by the Central Bank of Nigeria to Strategic Capital Investment Limited.

• 2021

  Won Business Day's Digital Bank of the Year Award for the first time (2021).

• 2018

  Polaris Bank established by the Central Bank of Nigeria on September 21, 2018, and commenced services the same day after purchasing assets and assuming certain liabilities of the defunct Skye Bank.

Leading digital commercial bank in Nigeria, offering innovative and customer-centric banking solutions.

• Polaris Standard Current Account

  Individual current account offering.

• Polaris Pearl – Current

  Premium current account for individuals.

• Polaris Select Account

  Select current account.

• Polaris Global Account

  Global current account.

• Polaris Salary Account – Current

  Salary current account.

• Polaris Young Achievers

  Savings account for young achievers.

• Target Savings Account

  Savings account with target goals.

• Polaris Pearl

  Premium savings account.

• Polaris Salary Account – Saving

  Salary savings account.

• Polaris Seniors

  Savings account for seniors.

• Polaris Save Plus

  Enhanced savings account.

• Polaris Wise

  Savings account for wise savers.

• Polaris Rainbow Saving Account

  Rainbow savings account.

• Polaris Instant Savings Plus

  Instant savings plus account.

• Polaris Instant Savings

  Instant savings account.

• Polaris Campus Plus

  Savings account for students.

• Polaris Community Account

  Community savings account.

• Polaris Domiciliary Account

  Domiciliary account for foreign currency.

• Auto Loan Scheme

  Auto loan scheme.

• Polaris Salary Advance

  Salary advance loan.

• Personal Team Loan

  Personal team loan.

• Digital Loans

  Digital loan products.

• Polaris Visa Naira Credit Card

  Visa Naira credit card.

• Polaris Prepaid Cards

  Prepaid cards.

1. 1Retail - Retail | Polaris Bank Limitedpolarisbanklimited.com
2. 2Our History - Retail | Polaris Bank Limitedpolarisbanklimited.com
3. 3Corporate - Retail | Polaris Bank Limitedpolarisbanklimited.com
4. 4About us - Retail | Polaris Bank Limitedpolarisbanklimited.com
5. 5Polaris Bank Airport Road Lugbe Branch Abujawikidata.org
6. 6Polaris Bank announces Innocent Ike as acting MD/CEOtribuneonlineng.com
7. 7Polaris Bank introduces Target Savings Account, admonish Nigerians to strengthen savings culturedailypost.ng
8. 8Polaris Bank Introduces Target Savings Account, Encourages Savings Culture In Nigerianschannelstv.com
9. 9Polaris Bank unveils new digital platformpunchng.com
10. 10Polaris Bank wins Digital Bank of the Year Awardthisdaylive.com