Polaris Bank Limited is a Tier II Nigerian, private limited liability company, wholly-owned by Strategic Capital Investment Limited (SCIL) following the successful divestment of the FGN/CBN in October 2022 

Licensed to provide banking and other financial services to the Nigerian public, we cater to both individuals and corporate entities through carefully designed Retail, SME, Commercial, Corporate banking as well as products for Government MDAs. We also offer self-service/digital channels offerings leveraging technology to bring banking closer to the customer 

The Bank is a market leader in Revenue Collection, both in the public and private sectors, with collection mandates in about 30 of 36 states in Nigeria including Lagos State 

We are a key player in financial inclusion and are poised to take banking to the doorsteps of our customers; taking care of the banking needs of different categories of persons and businesses 

Polaris Bank enjoys significant brand loyalty from its diverse customer base across demographics, industries and sectors 

Vision

To be the preferred partner providing superior financial solutions for our customers

Mission

We will leverage our knowledge of an ever changing world to design innovative solutions that facilitate our customers' enterprise
Statement of Values

  • Boldness - We are not afraid to be different
  • Sustainability - We’re here today, we’ll be here tomorrow
  • Innovative - When it’s same old same old, it's not us
  • Continuous Learning - When we stop learning, we die
  • Trustworthy - When we promise, We Deliver

    • Leadership

    Polaris Bank assumed the assets and certain liabilities of erstwhile Skye Bank effective Friday, September 21, 2018. The CBN appointed Mr. Muhammad K. Ahmad, OON, as its board Chairman. Mr. Adekunle Sonola is the current MD/CEO of Polaris Bank Limited following the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (SCIL) on October 20, 2022. The new management will develop an innovative, but sustainable growth strategy that prioritizes the needs and aspirations of our current customers. 

    Product and Services

    Polaris Bank is well positioned to deliver industry-defining products, services and platforms across all the key market segments of the Nigerian economy; serving a wide customer base in the public and private sector, including large and small corporate organizations, SMEs, professional groups and institutions. The Bank has correspondent banking relationships with notable players in the international financial service sector, largely to support its customers’ requirements for project and trade finance. The Bank also plays strongly in the following areas, among several other banking operations:

    • Retail Banking
    • Commercial Banking
    • Corporate Banking
    • Investment Banking
    • International Operations and Trade Services
    • Treasury and Public Sector

    ISO Standard Policy

    • Business Continuity Management System (BCMS) – ISO 22301: 2019
    • Information Security Management System (ISMS) – ISO 27001: 2013
    • Service Management System (SMS)  – ISO 20000: 2018
    • Privacy Information Management System (PIMS) – ISO 27701: 2019
    • Cloud Service Management System (CSMS) –  ISO 27017: 2015
    • Cybersecurity Management System (CMS) – ISO 27032: 2012

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