Polaris Bank Overview
- Year Founded
-
1989
- Status
-
Acquired/Merged
- Employees
-
4,400
- Latest Deal Type
-
M&A
- Financing Rounds
-
3
- Investments
-
2
Polaris Bank General Information
Description
Provider of commercial banking services intended to promote wealth and entrepreneurship. The company's offerings include private banking services, private customer current accounts, deposits, investment savings products, custody, credit and debit cards, consumer loans and mortgages, direct debit facilities, current accounts, overdrafts, loan, foreign currency and derivative products, enabling customers to improve their financial wellbeing.
Contact Information
Website
www.polarisbanklimited.com(Operating Subsidiary)
Corporate Office
- 3, Akin Adesola Street, Victoria Island
- Lagos, 106104
- Nigeria
Corporate Office
- 3, Akin Adesola Street, Victoria Island
- Lagos, 106104
- Nigeria
Polaris Bank Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Polaris Bank Patents
Polaris Bank Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| FR-1118525-A | Advertising device forming distributor | Inactive | 04-Jan-1955 |
Polaris Bank Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Polaris Bank Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Polaris Bank Investments & Acquisitions (2)
Polaris Bank’s most recent deal was a Platform Creation with MainOne Cable Company Nigeria for . The deal was made on 01-Mar-2009.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| MainOne Cable Company Nigeria | 01-Mar-2009 | Platform Creation | Telecommunications Service Providers | ||
| Tangerine General | 01-Jan-2007 | Merger/Acquisition | Multi-line Insurance |
Polaris Bank Exits (2)
Polaris Bank’s most recent exit was on 01-Mar-2009 from MainOne Cable Company Nigeria. The exit was categorized as with 5 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| MainOne Cable Company Nigeria | 01-Mar-2009 | Completed |
|
||
| Tangerine General | 01-Jan-2007 | Merger/Acquisition | Completed |
Polaris Bank FAQs
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When was Polaris Bank founded?
Polaris Bank was founded in 1989.
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Where is Polaris Bank headquartered?
Polaris Bank is headquartered in Lagos, Nigeria.
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What is the size of Polaris Bank?
Polaris Bank has 4,400 total employees.
-
What industry is Polaris Bank in?
Polaris Bank’s primary industry is National Banks.
-
Is Polaris Bank a private or public company?
Polaris Bank is a Private company.
-
What is the current valuation of Polaris Bank?
The current valuation of Polaris Bank is .
-
What is Polaris Bank’s current revenue?
The current revenue for Polaris Bank is .
-
How much funding has Polaris Bank raised over time?
Polaris Bank has raised $138K.
-
Who are Polaris Bank’s investors?
Central Bank of Nigeria has invested in Polaris Bank.
-
When was Polaris Bank acquired?
Polaris Bank was acquired on 21-Oct-2022.
-
Who acquired Polaris Bank?
Polaris Bank was acquired by Strategic Capital Investment.
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