| Formerly | Paralled MicroFinance Bank |
|---|---|
| Company type | Private Company |
| Industry | Finance |
| Genre | Banking |
| Founded | May 2008 |
| Headquarters | 1261 Adeola Hopewell St, Victoria Island, Lagos, 106104 Lagos State , |
Area served | Nigeria |
Key people | Adeola Phillips[ Chairman Femi Bakre Managing Director |
| Services | Banking |
| Website | parallexbank |
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. [1] 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 to from Microfinance to being a Commercial Bank in Nigeria.[2]