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Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public.  The bank commenced services on the same day, having purchased the assets and assumed certain liabilities of the defunct Skye Bank.

With a footprint of over 350 branches across the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT).  By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking services.

Products and Services

Polaris Bank is well positioned to deliver industry-defining products, services and platforms across all the key market segments of the Nigerian economy; serving a wide customer base in the public and private sector, including large and small corporate organizations, SMEs, professional groups and institutions. The Bank has correspondent banking relationships with notable players in the international financial service sector, largely to support its customers’ requirements for project and trade finance. The Bank also plays strongly in the following areas, among several other banking operations:

Retail Banking, Commercial Banking, Corporate Banking, Investment Banking, International Operations and Trade Services, Treasury and Public Sector

Leadership

Polaris Bank assumed the assets and certain liabilities of erstwhile Skye Bank effective Friday, September 21, 2018. The CBN appointed Mr. Muhammad K. Ahmad, OON, as its board Chairman.

Mr. Adekunle Sonola is the current MD/CEO of Polaris Bank Limited following the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (SCIL) on October 20, 2022.

The new management will develop an innovative, but sustainable growth strategy that prioritizes the needs and aspirations of our current customers. 

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