About Us

The Limitless Commitment

The Parallex Story

Limitless banking for everyone

Parallex Bank Limited was incorporated as a limited liability company on the 22nd day of May 2020, having successfully converted from Parallex Microfinance Bank (a National Microfinance Bank incorporated in 2008 as a Unit MFB) to a commercial bank duly licensed by the Central Bank of Nigeria to carry out commercial banking services. This is a first-of-its-kind achievement in the Nigerian banking space.

At Parallex Bank, we are poised to be the preferred financial solutions provider redefining customer experience through digital innovations. This we will achieve by leveraging the best talents and technology to deliver unparalleled value to our stakeholders. With a strong ecosystem anchored around the customer, we offer a superior product portfolio that is customer-focused and innovative, yet simple.

Parallex Bank is enriched with a workforce of seasoned, dynamic, and visionary professionals with the right mix of skills, expertise, and experience. And this is complemented by a forward-looking Board of Directors.

Parallex Bank is located at the heart of the commercial center of Lagos with strategically placed branches across three geopolitical zones in Nigeria, including the Federal Capital Territory, Abuja.

Limitless banking for everyone

Who We Are

Our Mission

We leverage the best talent and technology to deliver unparalleled value to all our stakeholders.

Our Vision

To be the preferred financial solutions provider, redefining customer experience through innovation.

Our Core Values


We are committed to conduct ourselves in a manner consistent with the highest standards of integrity.


We are entrepreneurial, pursuing new and bold ideas to transform what we do.


We take pride in our ability to execute flawlessly, exceed expectations and create superior value.

Customer Centric

We start and end with the customer, meeting their needs is our priority.


We are open to working with various stake holders to amplify our impact and capability.