Latest news on skye bank

Skye Bank is a Nigerian bank that has been in the news for various reasons in recent times. Here are some of the latest news updates on Skye Bank:

  1. Rebranding to Polaris Bank: In July 2018, the Central Bank of Nigeria (CBN) took over the management of Skye Bank and rebranded it as Polaris Bank. The rebranding was done to save the bank from collapse due to its poor financial health.
  2. New Management Team: Polaris Bank has a new management team led by Mr. Innocent C. Izunwa, who was appointed as the Managing Director/Chief Executive Officer of the bank. The new team has been working to revamp the bank's operations and restore its financial health.
  3. Restructuring and Cost-Cutting: Polaris Bank has been undergoing a restructuring process to reduce its costs and improve its financial performance. The bank has been closing some of its branches and reducing its workforce to cut costs.
  4. Digital Transformation: Polaris Bank has been investing in digital technology to improve its services and reduce costs. The bank has launched a mobile banking app and is working to improve its online banking platform.
  5. Customer Service Improvement: Polaris Bank has been working to improve its customer service by introducing new initiatives such as a 24-hour customer care center and a loyalty program.
  6. Partnership with Fintech Companies: Polaris Bank has been partnering with fintech companies to improve its services and reach more customers. The bank has partnered with companies such as Paystack and Flutterwave to offer digital payment solutions to its customers.
  7. Awards and Recognition: Polaris Bank has received several awards and recognition for its efforts in improving its services and financial performance. The bank was recently recognized as one of the best banks in Nigeria by the Bankers Committee.

Overall, Polaris Bank is working to restore its financial health and improve its services to customers. The bank is focused on digital transformation, customer service improvement, and cost-cutting to achieve its goals.