Polaris Bank was adjudged Nigeria’s topmost bank in lending to the Micro, Small and Medium Enterprises (MSMEs) at the inaugural MSME Finance Awards 2024, organised by Nairametrics and The Economic Forum, in Lagos at the weekend.
The award recognised Polaris Bank’s longstanding commitments to supporting MSMEs through several direct and indirect funding channels.
Judges at the award ceremony said the choice of Polaris Bank as the “Best in MSME Lending” (Banking Sector) was based on the bank’s provision of sustainable finance and funding to entrepreneurs in the MSMEs sector to grow their businesses.
Commenting on the award, Managing Director, Polaris Bank, Mr. Kayode Lawal, said: “We are honoured to receive this prestigious award, recognising our commitment to empowering Nigerian MSMEs.
Micro, small, and medium businesses are pivotal to national economic growth; they are the backbone for large corporations and drive innovation and job creation.
“We are glad that our dedication to providing accessible financing and tailor-made innovative solutions has made a tangible impact on the growth and sustainability of these vital businesses.’’
He commended Nairametrics and The Economic Forum series for the award and assured of Polaris Bank’s continued commitment to MSMEs empowerment by delivering innovative and exceptional customer-centric services and solutions that propel Nigeria’s overall economic advancement.
“We are grateful to Nairametrics and The Economic Forum for this recognition, acknowledging our team’s relentless efforts to provide innovative and exceptional services to Nigeria’s MSME sector.
This award is a motivation for us; our strategic focus on MSME lending, driving financial inclusion, and promoting Nigeria’s economic development remains something we are committed to,’’ he stated.