One of the newest commercial banks in Nigeria, Parallex Bank, has opened a new branch in Uyo, Akwa Ibom State.

The bank in a statement on Tuesday said that the expansion to Uyo marked a pivotal moment in the institution’s mission to provide limitless banking experience to Nigerians.

Present at the official opening of the branch were members of the Akwa Ibom State Executive Council, led by the Governor, Umo Eno, Deputy Governor Senator Akon Eyakenyi, and Speaker of the State House of Assembly, Udeme Otong, among others.

The 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.

The bank’s Managing Director, Dr Olufemi Bakre, 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.

Bakre also 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.

Governor 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 the state.

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