{"id":2527,"date":"2022-01-17T23:13:13","date_gmt":"2022-01-17T22:13:13","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=2527"},"modified":"2022-01-17T23:13:14","modified_gmt":"2022-01-17T22:13:14","slug":"christ-embassy-floats-free-commercial-bank-in-nigeria","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/christ-embassy-floats-free-commercial-bank-in-nigeria\/","title":{"rendered":"Christ Embassy Floats \u2018Free\u2019 Commercial Bank In Nigeria"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 18pt;\">The Loveworld Nation, also known as Christ Embassy, has officially launched the latest commercial financial institution in town, called Parallex Bank, with a view to redefining customer experience through digital innovation.<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The Parallex Bank was formerly a microfinance bank until the Central Bank of Nigeria, CBN, granted it license to go into full banking services.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The transition into a commercial bank was launched on Friday at its headquaters in Victoria Island, Lagos.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u201cParallex 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,\u201d the bank stated on its website.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Part of the special features of the bank includes \u201cFree debit cards, 5 Free Interbank Transfer Daily\u201d and \u201cNo Maintenance Fees on all accounts.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">According to the bank, \u201cIt will be leveraging the best talents and technology to deliver unparalleled value to our stakeholders.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/mydailybells.com.ng\/businessbells\/christ-embassy-floats-free-commercial-bank-in-nigeria\/parallex-1\/\" rel=\"attachment wp-att-2530\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"2530\" data-permalink=\"https:\/\/mydailybells.com.ng\/businessbells\/christ-embassy-floats-free-commercial-bank-in-nigeria\/parallex-1\/\" data-orig-file=\"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?fit=900%2C570&amp;ssl=1\" data-orig-size=\"900,570\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Parallex-1\" data-image-description=\"&lt;p&gt;Christ Embassy Floats \u2018Free\u2019 Commercial Bank In Nigeria&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?fit=900%2C570&amp;ssl=1\" class=\"alignnone size-full wp-image-2530\" src=\"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?resize=900%2C570&#038;ssl=1\" alt=\"Christ Embassy Floats \u2018Free\u2019 Commercial Bank In Nigeria\" width=\"900\" height=\"570\" srcset=\"https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?w=900&amp;ssl=1 900w, https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?resize=300%2C190&amp;ssl=1 300w, https:\/\/i0.wp.com\/mydailybells.com.ng\/businessbells\/wp-content\/uploads\/sites\/3\/2022\/01\/Parallex-1.jpg?resize=768%2C486&amp;ssl=1 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p><span style=\"font-size: 18pt;\">In her remark, Chairman of the Board of Directors, who is also the CEO of Loveworld Nation, Dr. Adeola Adejoke Phillips said the vision of the new bank is to be the preferred financial solution provider, not just in the country but in the world.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">She further stated that the bank will operate broadly with a competitive mindset, to disrupt the market and delight customers with very attractive offers. The goal is to empower the banking public and to drive convenient and efficient commerce through the bank digital platforms.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">She added that the Parallex mobile app offers customers the freedom to do much more. The app will eliminate inconveniencies and hardships often faced by customers while carrying out transactions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">The bank\u2019s overall corporate policy is determined by a six-member Board of Directors.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">\u00a0The Board takes decisions on policy matters aimed at meeting the company\u2019s goals and objectives.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part of the special features of the bank includes \u201cFree debit cards, 5 Free Interbank Transfer Daily\u201d and \u201cNo Maintenance Fees on all accounts.\u201d<\/p>\n","protected":false},"author":1,"featured_media":2529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[8],"tags":[1435,1436],"class_list":["post-2527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-free-commercial-bank","tag-parallex-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Christ Embassy Floats \u2018Free\u2019 Commercial Bank In Nigeria &#8212; Business Bells<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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