Category: Business & Economy

Guaranty Trust Bank Plc (GTBank) has been awarded Nigeria’s Best Bank & Africa’s Best Bank for SMEs during the 2017 Euromoney Awards held in London.

According to Mr. Clive Horwood, Euromoney Magazine’s Editor:

“Nigeria went through a difficult year as low oil prices and capital flight continued to hurt the country’s economy. Many banks struggled as a result of this but GTBank remained strong, recording significant and enviable financial and non-financial performance. The bank’s digital transformation drive has been very successful, as it has enabled the bank to deepen financial inclusion across Africa with its array of tailor-made digital solutions that has made banking simpler and more accessible.”

On the award, Managing Director (MD)/Chief Executive Officer (CEO) of GTBank, Mr. Segun Agbaje, said:

“We are honoured to win the Best Bank in Nigeria award a record eight times and to be recognised as Africa’s Best Bank for SMEs. These awards reflect our progress in building strong, value-adding relationships with our customers whilst positioning the bank as the financial institution for Small and Medium Enterprises through our creation of free business platforms that are geared towards promoting enterprise in key economic sectors.We remain committed to maximising shareholders’ value and delivering superior and sustainable return, guided by our founding values of hardwork, discipline and integrity. GTBank has consistently played a leading role in Africa’s banking industry. The GTBank brand is regarded by industry watchers as one of the best-run financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation.”

Now in its 26th year, the Euromoney Awards for Excellence covers more than 20 global product categories, best-in-class awards and the best banks in over 100 countries around the world by recognising institutions that have demonstrated leadership, innovation and momentum in the markets they operate.

In selecting its recipients, Euromoney combines quantitative and qualitative data to honour institutions that have brought the highest levels of service, innovation and expertise to their customers.

Remita has been honoured as the Most Innovative Mobile Payment Solution of the Year at the DigitalPay Expo Awards 2017 in recognition of its contributions to the improvement of the payments processing experiences of individuals and businesses in Nigeria, through the innovation introduced by its Remita Mobile App.

According to the organisers of the awards, the recognition was bestowed on Remita because it provides “the most user-friendly payment application interface and accuracy in transactions settlements”.

The DigitalPay Expo Awards, formerly known as CardExpo Awards, is an annual three-day conference organised by Intermarc Consulting in partnership to showcase the most exciting developments within Africa’s payment industry.

Winners of the 2017 African Banker awards have been announced at an event in India. The awards held annually on the fringes of the Annual Meetings of the African Development Bank, celebrates excellence in banking and finance on the African continent.

President of Afreximbank, Dr. Benedict Oramah won ‘Banker of the Year’. Afreximbank has grown considerably in the past year, whilst other metrics, such as income to cost ratio were very competitive.

Guaranty Trust Bank (GTBank) won the ‘African Bank of the Year Award’. GTBank posted a 37% increase in profits in 2016, despite difficult trading conditions in its main market Nigeria.

Waheed A. Olagunju, the acting CEO and Managing Director of Bank of Industry was honoured with this year’s African Banker Icon award, which recognizes a banking career that spans over two decades.

Two subsidiaries of SIFAX Group, SIFAX Haulage and Logistics Limited and Skyway Aviation Handling Company Limited (SAHCOL) have won the Haulage & Logistics Company of the Year as well as Aviation Handling Company of the Year awards respectively at the fifth Nigeria Transport Awards.

The Nigeria Transport Awards is an annual event designed to reward deserving companies that have shown diligence, innovation and excellence in the country’s logistics industry.

Deutsche Bank AG, has rewarded Ecobank Nigeria Limited, Access Bank, Sterling Bank Plc, Stanbic IBTC and Zenith Bank, for excellence in payment efficiency, cash management and trade finance.

The first award by Deutsche Bank AG, titled “Straight-Through Processing (STP) Excellence Award”, which has been a feature of Nigeria’s financial markets for six years, went to Ecobank Nigeria Ltd, followed by Stanbic IBTC and Sterling Bank Plc.

Continue reading Winners Of 2016 Deutsche Bank AG Awards

United Bank of Africa Plc, (UBA) has won the Asian Banker Award for project execution – the first time that an African owned bank is winning such award. The recognition is hinged on the pioneering role that the bank played in adopting the Finacle Core Banking Application in undertaking such major technology decisions as core bank replacements.

Finacle as a core banking product and the services of CWG Plc and Infosys has supported the extremely fast growth of UBA to more than 18 African countries and position as the highest issuer of debit cards.