Polaris Bank lauded for MSME funding

Customers have commended Polaris Bank for emerging as the ‘MSME Bank of the Year 2022’ by the BusinessDay’s Banks and Other Financial Institutions Awards. The award is coming on the heels of the bank’s recent strides in supporting SMEs and MSMEs in Nigeria.

Polaris Bank has been renowned for its intervention and provision of instant working capital and expansion financing support for Micro, Small & Medium Enterprises businesses across Nigeria.

Polaris Bank’s Group Head of Products and Market Development, Mrs Adebimpe Ihekuna, described the award as a welcome development and attributed it to the bank’s innovative way of helping MSMEs meet their business objectives.

She said, “We at Polaris Bank are very passionate about entrepreneurs at all levels, and we are set to provide financial support and other services that help them continue to grow.”

Ihekuna noted that the bank’s support for the growth and development of MSMEs in the country stems from recognizing this sector as a critical agent of economic transformation in Nigeria.

 She explained that over the years, Polaris Bank had helped MSMEs through a comprehensive business advisory system enabling small businesses to weather the storm of Nigeria’s peculiar business environment, thereby repositioning many of them for sustainability and growth.

 Through its SME-focused products and initiatives, Polaris Bank offers some of the following services to customers: Business Registration Support, Polaris SME Academy, SME Digital Marketing Training, Polaris Business Advisory and Polaris SME Toolkits.

 Loans to MSMEs in Polaris Bank are fully digitised, end-to-end, with instant disbursement. No branch visitation or paperwork is required. Non-account holders are also profiled digitally and can access loans instantly, having been profiled. This is a unique feat only available and offered at Polaris Bank.

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