First Bank, Polaris Bank
First Bank: A Legacy of Banking Excellence in Nigeria
First Bank of Nigeria, commonly referred to as First Bank, is one of the country’s oldest and largest financial institutions. Founded in 1894 as the Bank of British West Africa, it has grown to become a leading banking powerhouse, providing a wide range of financial services to millions of customers across Nigeria and beyond.
With a network of over 750 branches and more than 10 million active customer accounts, First Bank has established a strong presence in the Nigerian banking sector. The bank offers a comprehensive suite of financial products, including personal and corporate banking, investment banking, and wealth management services.
First Bank is renowned for its commitment to innovation and customer service. It has been at the forefront of digital banking in Nigeria, introducing various online and mobile banking solutions to enhance customer convenience and accessibility. The bank’s dedication to excellence has earned it numerous awards and accolades over the years.
Polaris Bank: Rising from the Ashes
Polaris Bank, formerly known as Skye Bank, is a dynamic financial institution in Nigeria. It was established in 2018 after the Central Bank of Nigeria intervened in the operations of Skye Bank due to financial instability. Polaris Bank was created to ensure the continuity of banking services to the customers of the defunct Skye Bank.
Despite its relatively short history, Polaris Bank has made significant strides in the Nigerian banking industry. It operates a network of branches across the country, serving a diverse clientele with a range of banking products and services, including savings and current accounts, loans, and digital banking platforms.
Polaris Bank has focused on rebuilding trust and confidence among its customers and stakeholders. It has invested in technology and human capital to improve its operations and service delivery. The bank’s efforts to maintain financial stability and promote sustainable growth have been recognized in the industry.