Parallex Bank Limited, a fast-rising commercial bank in Nigeria, has made a significant stride in its expansion efforts with the grand launch of its Uyo branch in Akwa Ibom State on Tuesday, marking a pivotal moment in the institution’s mission to provide limitless banking experience to Nigerians.

The colourful inauguration event had in attendance esteemed members of the Akwa Ibom State Executive Council, led by the Governor, Pastor Umo Eno, Deputy Governor Senator Akon Eyakenyi, and Speaker of the State House of Assembly, Hon. Udeme Otong, among others.

Chairman of the Board of Parallex Bank, Dr. Adeola Phillips, expressed the bank’s commitment to transforming the banking landscape in Nigeria through strategic partnerships and customer-centric initiatives. Highlighting the institution’s remarkable journey from microfinance to commercial banking, Dr. Phillips announced plans for further expansion, as three more branches will be launched soon. She commended the governor and the people of Akwa Ibom State for the warm welcome and assured the governor of the bank’s readiness to support the government’s ARISE agenda.

Dr. Olufemi Bakre, the Managing Director, shed light on Parallex Bank’s customer-centric approach and groundbreaking digital solutions, emphasizing the institution’s unwavering commitment to transparency and value enhancement. He highlighted the effortless account opening process facilitated by the Parallex Bank App and underscored the appealing benefits including free transfers and competitive interest rates tailored for retail customers.

The Managing Director expressed gratitude towards the state governor for his pivotal role in facilitating the establishment of a Parallex Bank branch in Uyo. He credited the governor for nurturing and endorsing the idea of Parallex Bank in Uyo, heralding it as the dawn of limitless banking experiences for the state and its populace. He declared that Uyo natives and residents now have the liberty to initiate bank account setups with their preferred numbers, avail themselves of 150 free transfers to other accounts monthly, and engage in banking activities devoid of unwarranted charges.

Bakre stressed Parallex Bank’s profound dedication to customer satisfaction, professionalism, and innovation, underpinned by collaborative efforts and strategic partnerships. He explained the bank operates under the principles of speed, execution, executive touch, going the extra mile, digital innovation, and discipline. He emphasized customers should consistently encounter these qualities in their interactions with the bank.

He commended the Board of Directors of the bank for their unwavering support and dedication to the bank’s success, attributing the institution’s rapid growth and profitability to their leadership.

Akwa Ibom State Governor, Pastor Umo Eno, pledged the government’s support for Parallex Bank’s endeavours in the state, emphasising the importance of collaboration in driving economic empowerment and growth for small and medium enterprises. He reiterated the government’s commitment to creating an enabling environment for investment and business development in Akwa Ibom.