MSME Bank Of The Year Award: Customers Laud Polaris Bank
Polaris Bank has been renowned for its intervention and provision of instant working capital and expansion financing support for Micro, Small & Medium Enterprises (MSME) businesses across Nigeria.
A man who wished to be simply referred to as Mr Ken, CEO of a notable Construction Energy & Trade Company and a customer of the Bank, noted that “Polaris Bank deserves recognition”.
Recounting his experience securing a business loan from the Bank, Ken said that “the loan has helped him scale-up business, mainly because of the swiftness in which the loan was appraised and disbursed”.
Another customer of the Bank, Ms Ngozi M, CEO of a major Rice distributor who secured an overdraft facility, said Polaris Bank is worthy of the recognition acknowledging that her business has been enhanced on account of her relationship with the Bank. She said, “I was able to stock up goods and meet my customers’ demands as and when due, which is, for me, the game changer in my area of business.” Because of her experience, she went on to refer Polaris Business loans to many companies.
Polaris Bank’s Group Head of Products and Market Development, Mrs Adebimpe Ihekuna described the award as a welcome development and attributed it to the Bank’s innovative way of helping MSMEs meet their business objectives. “We at Polaris Bank are very passionate about entrepreneurs at all levels, and we are set to provide financial support and other services that help them continue to grow.
Mrs Ihekuna noted that the Bank’s support for the growth and development of MSMEs in the country stems from recognizing this sector as a critical agent of economic transformation in Nigeria.
She explained that over the years, Polaris Bank had helped MSMEs through a comprehensive business advisory system enabling small businesses to weather the storm of Nigeria’s peculiar business environment, thereby repositioning many of them for sustainability and growth.
Through its SME-focused products and initiatives, Polaris Bank offers some of the following services to customers: Business Registration Support, Polaris SME Academy, SME Digital Marketing Training, Polaris Business Advisory and Polaris SME Toolkits.
Loans to MSMEs in Polaris Bank are fully digitized, end-to-end, with instant disbursement. No branch visitation or paperwork is required. Non-account holders are also profiled digitally and can access loans instantly, having been profiled. This is a unique feat only available and offered at Polaris Bank.
The BusinessDay BAFI Awards are recognized and regarded as an industry standard for premier banking and financial services excellence. The annual awards recognize deserving financial institutions and corporate organizations that drive innovation in Nigeria’s economic landscape.
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