Private company

Parallex Bank

Nigerian commercial bank

Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country's central bank and national banking regulator. In December 2023, Parallex Bank was awarded Reputable Bank of the Year by the Global Reputation Forum in UK for being the first bank and only bank to transit from being a Microfinance to being a Commercial Bank in Nigeria.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country's central bank and national banking regulator. In December 2023, Parallex Bank was awarded Reputable Bank of the Year by the Global Reputation Forum in UK for being the first bank and only bank to transit from being a Microfinance to being a Commercial Bank in Nigeria.2

Sources

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