Polaris Bank has reaffirmed its leadership in Nigeria’s digital banking space, securing both the “Digital Bank of the Year” and “Best Bank for MSMEs” awards at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards held over the weekend in Lagos.
This marks the fifth consecutive year Polaris Bank has been named “Digital Bank of the Year,” underscoring its innovation-driven strategy and the trust of millions of customers nationwide.
Polaris Bank continues to revolutionize banking through technology-led innovation, customer-centric solutions, and inclusive financial services that empower individuals and businesses. Its flagship digital platform, VULTe, remains at the core of this transformation—enabling millions of Nigerians to bank, save, borrow, and grow seamlessly.
The upgraded VULTe 3.0 integrates AI-powered tools that personalize user experience and automate engagement, strengthening Polaris Bank’s reputation as a digital trailblazer. “This award is a celebration of our customers, whose trust and engagement inspire every innovation we create,” said Dele Adeyinka, Chief Digital Officer of Polaris Bank. “VULTe is more than a platform; it is a community of empowered users who bank and grow with ease.”
The Bank’s recognition as “Best Bank for MSMEs” highlights its strong commitment to Nigeria’s small business ecosystem. In 2025, Polaris launched targeted funding partnerships with Woodhall Capital (UK), the Lagos State Government, and the British Government to support professionals in the creative industry and expand financing for women-led enterprises across sectors such as education and fashion.
Through its VULTe for Business platform, Polaris Bank offers simplified credit assessments and quick access to working capital, eliminating traditional barriers for SMEs. These initiatives are helping small enterprises scale into thriving businesses, driving inclusive growth and gender empowerment across the country.
Commenting on the double win, Kayode Lawal, Managing Director/CEO of Polaris Bank, said: “Winning the ‘Digital Bank of the Year’ and ‘Best Bank for MSMEs’ is both humbling and inspiring. It validates our belief that true innovation begins and ends with the customer. These awards belong to our customers, our people, and every partner who believes in our vision.”
As one of Nigeria’s most digitally advanced and customer-focused financial institutions, Polaris Bank continues to invest in cutting-edge infrastructure and data-driven solutions. With its AI-powered ecosystem and commitment to inclusion, the Bank is not just adapting to the digital era—it is defining it.