Parallex Bank Surpasses ₦50bn Recapitalisation Requirement, Poised for Growth

Parallex Bank Limited has met and exceeded the Central Bank of Nigeria’s ₦50 billion recapitalisation threshold. This achievement reinforces its financial resilience and strategic outlook within Nigeria’s banking sector. With a stronger capital base, Parallex Bank will expand lending, deepen financial inclusion, and deliver innovative, customer-focused solutions. Managing Director Dr. Olufemi Bakre credits the milestone to consistent excellence, strong governance, and the board’s strategic support.

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