Parallex Bank Emerges Most Outstanding Young Commercial Bank in Nigeria

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L - R, Head, Brand & Communications, Parallex Bank, Ademola Adeshola; Chairman, STB McCann Group, Sir Steve Omojafor; MD/CEO, Parallex Bank, Femi Bakre, and the bank’s Relationship Manager, Foluke Abodunrin at the 2022 Marketing Edge Summit & Awards where Parallex Bank was recognised as the Most Outstanding Young Commercial Bank of the year

The award is a particular gospel to the organization to continue with all that they are doing right. He said Parallex Bank has taken the path of glory in the banking space, having downloaded the future into the present.


In recognition of its professionalism and commitment to limitless banking experience, Parallex Bank Limited, a fast-growing commercial bank in Nigeria, has been recognised as the Most Outstanding Young Commercial Bank in Nigeria at the Marketing Edge Annual Summit and Award.

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The award ceremony, held in Lagos on Friday, September 16th, was attended by top dignitaries from all walks of life, including representatives from the Governors of Lagos and Ogun State.

Addressing the audience at the award, the Chief Executive Officer of Marketing Edge, Mr. John Ajayi, said the awardees were selected based on their stellar performances in their industries.

According to him, the process of selecting the awardees was painstaking and rigorous, and only the most deserving organizations and individuals had been selected.

Addressing pressmen at the event, the Managing Director of Parallex Bank Limited, Femi Bakre, said it feels gratifying to have emerged as the Most Outstanding Young Commercial Bank since the bank is new in the market.

Bakre said the award is a particular gospel to the organization to continue with all that they are doing right. He said Parallex Bank has taken the path of glory in the banking space, having downloaded the future into the present.

The Managing Director said Parallex Bank was set up with the core values of professionalism, innovation, excellence, customer-centricity, and collaboration.

This, according to him, has made the bank go the extra mile for their customers to resolve issues in real time. Bakre added that Parallex Bank is a symbol of a lifestyle bank, offering bespoke banking services for each individual and organization across Nigeria.

He said the bank is in collaboration with foreign institutions to provide unique products that are not locally available and has carved a niche for itself in private banking for its high-net-worth customers such that customers can acquire home mortgages in the United Kingdom without leaving the shores of Nigeria.

The Managing Director added that Parallex Bank prides itself on service offerings that are unique and customer centric.

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In citing examples of the uniqueness of the products and services, he said customers can make up to 150 transfers a month without any charges, get up to 5% interest on their savings, and customers can create their own unique account numbers.

He commended the management of Marketing Edge for being consistent with the award and summit for a decade and urged them not to relent in promoting excellence across industries in Nigeria.

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