disburses

Innocent Ike Announced As Acting MD/CEO Polaris Bank

Salary Advance: Polaris Disburses Over ‎₦1bn To Customers

Polaris Bank has disbursed over ‎₦1 billion to customers through its Polaris Salary Advance which was launched barely four months ago.

The beneficiaries, who are mostly middle and low income earners made up of professionals across all disciplines, are all customers whose salary accounts are with the bank.

As one of the bank’s popular product, a collateral-free solution called “Polaris Salary Advance”, enables salaried account owners to get up to 50 per cent of their net monthly salary to meet basic needs before payday and right on their phones by dialing *833*12#.

The service, which is available on all …

DBN Disburses ₦100bn To MSMEs In 2019

In its efforts to grow the economy, the Development Bank of Nigeria (DBN) said it has so far disbursed over ₦100 billion to about 95,000 MSMEs cutting across various sectors of the economy. The bank said 70 per cent of these loans went to women-owned/managed businesses, while 51 per cent so far were disbursed to youth owned businesses.It said it remains set to boost disbursements to Micro Small and Medium Enterprises (MSMEs) across the country, with a focus on the identified underserved areas.

Speaking on the development during the first DBN MSME Summit held recently in Maiduguri, Borno State, the …