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. The deposit money bank's profit before tax.

The bank's equity return (RoE) and asset turnover dipped by -32.12% and -36.82%, respectively, with its loan-to-deposit ratio (LDR) and cost-to-income ratio (CIR) rising in the period.