The intensity and competition in the banking sector has skyrocketed in recent years. So, let’s welcome Parallex Bank Limited, a new and creative company in the financial service industry, who emphasize on flexibility, customer focus, and digital solutions.
This positions Parallex for success because they target modern clients and staff.
But what makes Parallex different from other banks that exist today? Which features do they provide for individual users, small business owners, and even big organizations?
It is these questions that we shall be answering in this discussion on Parallex Bank.
It does not matter if you need traditional forms of banking or if you wish to experience modern digital banking, here is what to expect with Parallex Bank Limited.
Also check: Optimus Bank
About Parallex Bank Limited
On May 22, 2020, Parallex Bank Limited was set up as a limited liability company. It had successfully changed its name from Parallex Microfinance Bank (a National Microfinance Bank established in 2008 as a Unit MFB) to a commercial bank with a license from the Central Bank of Nigeria to provide commercial banking services.
The workers who work at Parallex Bank are skilled, experienced, and forward-thinking. They have the right mix of skills, knowledge, and experience.
A Board of Directors that looks to the future adds to this.
Parallex Bank is in the middle of Lagos’s business district, and it has strategically placed branches in three different political zones in Nigeria, including Abuja, the country’s capital.
Parallex Bank’s Mission
We leverage the best talent and technology to deliver unparalleled value to all our stakeholders.
Parallex Bank’s Vision
To be the preferred financial solutions provider, redefining customer experience through innovation.
Board of Directors of Parallex Bank
- Adeola Phillips (Chairman)
- Femi Bakre (Managing Director)
- Matthew Okojie (Executive Director)
- Thomas Ehis Amenkhienan (Non Executive Director)
- Vale Odu Thomas(Non Executive Director)
- Okpokor (Okor) Ezewu (Non Executive Director)
- Solayinka Agboola (Non Executive Director)
- Adeniyi Adewale Oluwole- Isaac (Non Executive Director)
Let’s Break It Down by Who Parallex Serves
For Individual Customers
While banking with Parallex, individuals should be rest assured that they will have numerous options to choose from in regards to savings and checking accounts, all designed to suit particular financial needs.
If you are tightening your belt for an eventful life occasion or just a dependable partner to run errands with, all accounts come with lower fees, higher interest rates, and convenience.
For Small Business Owners
Parallex solves the banking problems of small to mid-sized merchant enterprises with comprehensive lending products, including innovative loans, and business accounts.
Key Highlights
- SME (Small and Medium Enterprises) business loans and overdraft facilities are competitively priced.
- Lightning Speed Transactions to Ensure Positive Cash Flow
- Client payment processing support services that are easy to use.
For Larger Enterprises
Parallex Bank appreciates the fact that big businesses need reliable partners which comes with a lot of expectations. The working capital solutions enable enterprises to run daily activities, trade across borders and provide reliable credit facilities for business growth.
Key Highlights
- Customized loans for enterprises at cheaper rates.
- Trade finance services for importers and exporters.
- Payroll outsourcing via their digital powered systems.
The Parallex App – Banking at Your Fingertips
With the Parallex Bank mobile app, you can give your small and medium-sized business the attention it deserves no matter where you are.
The Parallex Bank mobile app represents the bank’s core principles and values – simplicity, effectiveness, and innovation.
From its modern UI, it is designed to put the user first and guarantee that even the most non-technology savvy individual is able to handle their finances well.
The app also has features that allows you to transfer money, set savings targets and check past transactions from wherever you are.
Top Parallex App Features:
- Open and manage accounts digitally in minutes.
- Access quick loans tailored to your profile—no need to visit branches.
- Comprehensive security features to ensure your peace of mind.
Why Choose Parallex Bank?
If you are still undecided whether Parallex Bank is suitable for you, check out this summary of why these banks serve us quite well in a competitive market.
- Transparent Services: You will notice that all the economic processes here are absolutely fair and without hidden costs or surprises.
- Innovation: Parallex Bank stays ahead of the curve by applying technology on everything from the app to digital-first tools.
- Client-Oriented: All the way from loans to financial consultation, everything is fully tailored towards you.
- Account management: Enjoy the advantages of traditional banking without the restrictions.
So what’s next?
No matter the stage you find yourself in with regards to your economy, Parallex Bank is able to cater to your needs and help you control your finances easily. It’s not typical to see financial institutions that care about people these days but Parallex archives just that.
What are you waiting for? Don’t you think it’s about time we start enjoying all those things this bank has to offer?
Open a Parallex Bank account today, and start to design your economy tomorrow.
FAQs – Parallex Bank Limited
Who is the CEO of Parallex Bank Nigeria?
Mr. Femi Bakre is the MD/CEO of Parallex Bank.
How much does Parallex Bank pay their staff?
The salaries staff earn at Parallex Bank depends on their role in the bank and their years of experience.
Which country is using Parallex Bank?
Nigeria
What type of bank is Parallex Bank in Nigeria?
Parallex Bank is presently a commercial bank in Nigeria. It was previously a microfinance bank but changed to a commercial bank in early 2022 after receiving a license from the Central Bank of Nigeria.