POLARIS • NSE

Polaris Bank Ltd

NGN

Open Price

Previous Close

Today’s Range

Number of Deals

Volume Traded

Value Traded

52 Weeks High

52 Weeks Low

Market Cap

YTD Price Performance

CBN Dissolves the Board and Management of Union Bank, Polaris Bank and Keystone Bank

Wednesday, January 10th at 8:59 PM

Fact-Checking the Story: Polaris Bank Loses N26bn Loans Granted to 6 Ex-Directors Without Collaterals

November 6th, 2023 at 5:08 PM

Polaris’ Past Insider Loans: Breaking Bad Habits, Old Headaches and Pitching New Narratives

November 3rd, 2023 at 4:46 PM

2023 BAFI Awards: Polaris Bags Best Digital and MSME Bank Awards

November 2nd, 2023 at 12:04 PM

Polaris Bank Appoints Chinwe Iloghalu and Martins Izuogbe as Executive Directors

June 13th, 2023 at 2:18 PM

Polaris Restructuring Plans and the Customer – Interview with CEO Polaris Bank

June 12th, 2023 at 2:24 AM

Unlisted Banks FYE 2022 Results In – Polaris & Providus; Awaiting Those for HB, Keystone, Titan and Nova

June 9th, 2023 at 2:48 PM

Polaris Bank Announces Acquisition by Strategic Capital Ltd, Appoints New Board

October 22nd, 2022 at 10:27 AM

Key Stats

Shares Outstanding

0.00

Net Assets

Book Value Per Share

Sector P/E

54.31

EPS

P/E

ROE

Dividend Yield

About Company

Offers commercial banking services to the Nigerian public

Sector

Financial Services

Sub Sector

Banking

Management

Olufemi Aribaloye

Rotimi Omotayo

Innocent C. Ike

Segun Opeke

Abdullahi S. Mohammed

Address

3, Akin Adesola Street, Victoria Island, Lagos.

Phone No

0700-POLARIS (0700-7652747)

Email Address

[email protected]

Website

Board of Directors

Olu Odugbemi FCA

Innocent C. Ike

Alhaji Abdullah Umar

Segun Opeke

Bata Garba Wakawa

Abdullahi S. Mohammed

Muhammad K. Ahmad, OON

Austin Jo-Madugu

Social Media Accounts

Subsidiary

Company Secretary

End of Accounting Year

31 Dec

Listing Date

23/02/2022

Company Registrar

Regulatory Status

Free Float

0.00

Auditor

PwC

Analyst Reports

Report: Polaris Bank’s Past Insider Loans: Breaking Bad Habits, Old Headaches and Pitching New Narratives

In a season of intense public scrutiny of the profitability of domestic money banks despite rising inflation (headline inflation was 26.72% in September 2023), higher lending rates (average prime lending rate was 13.75% as of September 2023), and slower economic growth and manufacturing output (October 2023 Purchasing Managers Index (PMI) fell to 49.1%),

November 4th, 2023 at 3:06 PM

Full Report: A Look at Polaris Bank's Restructuring Plans

Unlisted companies are just as important as companies listed on formal stock exchanges. They reflect the moods, tones, and vibrations of economic success or lack, thereof.

June 12th, 2023 at 1:11 PM

Full Report: Polaris Bank Outlook 2022: Mountains to Climb and Valleys to Cross

Polaris Bank may have escaped the jaws of liquidation on the acquisition of its predecessor, Skye Bank Plc., by the Asset Management Company of Nigeria (AMCON).

June 11th, 2023 at 8:46 PM

Polaris Bank Ltd 2022 Annual Report

June 10th, 2023 at 1:52 PM

Sale of Polaris Bank: CBN Sets Record Straight

The attention of the Central Bank of Nigeria (CBN) has been drawn to a spurious, malicious, and misleading online publication, which made several false claims concerning the recent sale of the Federal Government’s interest in Polaris Bank Ltd. Given the potentially grave implications for the stability of the bank, financial sector and the Nigerian economy, the CBN is constrained to correct these inaccuracies.

January 4th, 2023 at 8:29 PM

The Analyst Note: Polaris Bank Outlook 2022: Mountains to Climb and Valleys to Cross

Polaris Bank may have escaped the jaws of liquidation on the acquisition of its predecessor, Skye Bank Plc., by the Asset Management Company of Nigeria (AMCON). However, its fortunes in 2021 still show signs of weakness, and its outlook for 2022 is relatively mooted. The bank's full-year (FY) audited results for last year saw a significant fall in its profit.

July 8th, 2022 at 9:11 AM

Polaris Bank 2021 Annual Report PART 4

Polaris Bank Limited commenced banking opeartions on September 21, 2018 after it took over and assumed ownership of assets and certian liabilites of skye Bank was revoked by the CBN. The address of the Bank's registered office is 3 Akin Adesola Street, VI, Lagos

July 7th, 2022 at 10:49 AM

2021 Polaris Bank Full Year Result

Polaris Bank Limited Financial Result For The Year Ended December 31, 2021

July 4th, 2022 at 11:37 AM

Polaris Bank 2021 Annual Report PART 1

Polaris Bank Limited commenced banking opeartions on September 21, 2018 after it took over and assumed ownership of assets and certian liabilites of skye Bank was revoked by the CBN. The address of the Bank's registered office is 3 Akin Adesola Street, VI, Lagos

July 4th, 2022 at 10:55 AM

Income

00, 0 and 00, 0 Financial Performance Comparison

Profit & loss information

Description	0, 0 N'm	0, 0 N'm	% Change
Gross Earnings	0.00	0.00	+ 0.00%
Profit Before Tax	0.00	0.00	+ 0.00%
Income Tax Expense	0.00	0.00	+ 0.00%
Taxation	0.00	0.00	+ 0.00%
Profit After Tax	0.00	0.00	+ 0.00%
Fixed Assets	0.00	0.00	+ 0.00%
Total Assets	0.00	0.00	+ 0.00%
Customers Deposits	0.00	0.00	+ 0.00%
Loans and Advances	0.00	0.00	+ 0.00%
Total Liabilities	0.00	0.00	+ 0.00%
Borrowings	0.00	0.00	+ 0.00%
Cash Flow From Operating Activities	0.00	0.00	+ 0.00%

Income

Description	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	Trend
Gross Earnings	0.00	0.00	0.00	0.00	0.00
Gross Premium Written	0.00	0.00	0.00	0.00	0.00
Revenue	0.00	0.00	0.00	0.00	0.00
Turnover	0.00	0.00	0.00	0.00	0.00
Interest And Similar Income	0.00	0.00	0.00	0.00	0.00
Gross Premium Income	0.00	0.00	0.00	0.00	0.00
Cost Of Sales	0.00	0.00	0.00	0.00	0.00

Description	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	Trend
Property Plant And Equipment	0.00	0.00	0.00	0.00	0.00
Fair Value Movements On Equity Instruments	0.00	0.00	0.00	0.00	0.00
Value Through Profit Or Loss	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00
Fair Value Movements On Debt Securities	0.00	0.00	0.00	0.00	0.00
Management Expenses	0.00	0.00	0.00	0.00	0.00
Other Non Current Assets	0.00	0.00	0.00	0.00	0.00

Description	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	0, 0 N'm	Trend
Cash Flow From Operating Activities	0.00	0.00	0.00	0.00	0.00
Total Premium Received	0.00	0.00	0.00	0.00	0.00
Receipt From Reinsurance Recovery	0.00	0.00	0.00	0.00	0.00
Reinsurance Premium Paid	0.00	0.00	0.00	0.00	0.00
Profit For The Period	0.00	0.00	0.00	0.00	0.00
Commission Received	0.00	0.00	0.00	0.00	0.00
Claims Recoveries	0.00	0.00	0.00	0.00	0.00

Remark	Date

Dividend	Dividend Type	Announement Date	Payment Date	Date

Bonus	Bonus Type	Announement Date	Payment Date	Date

New Face Value	Old Face Value	Exsplit Date	Announement Date

Book Closure	Address	Announement Date	Date

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Technical Rating

Very Bullish
See details
View historical rating

Moving averages

Billish
Moving averages

Billish
Moving averages crossovers

Natural

Pivot levels

Trend	R1	R2	R3	PP	S1	S2	S3
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72
Classic	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72	1,565.72

Note: This is just a sample text, change appropriately.

Moving average

Days
- HTML
- CSS
- JavaScript
5

1,344.77
10

1,344.77
20

1,344.77
50

1,344.77
100

1,344.77
200

1,344.77

Name of chart*

Price performance

Volume analysis

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