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Business & Economy

Polaris Bank wins MSME Digital Bank Award

Joshua Stephen
Last updated: November 13, 2025 8:10 am
Joshua Stephen
November 13, 2025
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Polaris Bank has emerged as the winner of the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards.

According to a statement from the bank on Monday, it received the award at the ceremony which was held in Lagos recently.

MSME Finance & CEO Awards is organised by the Africa Global Economic Forum BBB in partnership with PROSHARE. It recognises outstanding institutions and other notable stakeholders driving MSME development and financial inclusion across Nigeria.

The award celebrates Polaris Bank’s commitment to empowering small and medium-scale enterprises through technology-driven financial solutions, notably its flagship digital banking platform, VULTe. In the last few years, VULTe has revolutionised how MSMEs access finance by providing seamless, self-service banking and loan solutions.

This latest honour comes on the heels of VULTe’s recent win as ‘Digital Bank of the Year’ and the Best MSME Support Bank for the record fifth consecutive time at the 2025 BusinessDay Banks and Other Financial Institutions Awards, underscoring Polaris Bank’s consistent digital excellence and customer-centric innovation.

Speaking on the award, Polaris Bank’s Managing Director/Chief Executive Officer, Kayode Lawal, said that the recognition reinforces the bank’s strategic focus on inclusive growth and digital transformation.

“We are committed to building a future where technology and innovation empower businesses and individuals, particularly MSMEs, to thrive in the digital economy,” he said.

With a growing footprint in digital banking and sustainable finance, Polaris Bank said it will continue to demonstrate leadership in enabling access to financial services that drive entrepreneurship, job creation, and national economic growth.

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