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Monday, September 14, 2015

BusinessDay Awards 2015: Access, Zenith, Skye, First Bank, Ayeni, lead winners.

At a glamorous black tie dinner organised at the weekend at the prestigeous Eko Hotel and Suites, Victoria Island , Lagos, leading financial institutions in the country vied for BusinessDay’s Annual Banking Awards, which have become an industry benchmark for outstanding performance.
At the awards,outstanding Nigerian banks and their innovative managers who directed their organisations on the path of creativity, growth, profitability and safety, were honored.

Access Bank came out overall tops to clinch the award of the Bank of the Year, having recorded gross earnings of N168.3 billion for half year ended June 30, 2015, representing an increase of 43 per cent over the N117.9 billion recorded in the same period in 2014.
Contesting closely with Zenith Bank and FCMB, Zenith Bank’s Peter Amangbo, emerged as the bank CEO of the year, a position that was keenly contested by Access bank’s Herbert Wigwe and FCMB’s Ladi Balogun.


Receiving the award, Peter Amangbo, chief executive officer, Zenith Bank, said “I thank the management of BusinessDay for this great award; it is not about me or Zenith Bank, it is about my colleagues in Zenith Bank and more importantly, all customers of the bank.”
Access Bank bagged the award of the bank with the highest Corporate Social Responsibility rating, while First Bank went home with the best bank in support of agriculture.
First Bank emerged as the best bank that has supported other key market areas such as the Manufacturing sector and the Retail banking sector, while Stanbic IBTC was the best bank in the area of Corporate banking.

The representative of First Bank said, “This is the third award we are winning today, showing that First Bank truly puts customers first. We hope to get many more awards.”
The accolade for the most customer friendly bank was awarded to FCMB. FCMB was chosen as the most customer friendly bank, as a result of resolving the highest number of customer complains, relative to total complains received, while the best bank in Private banking services went to Ecobank Transational.
Speaking at the event, Frank Aigbogun, publisher, BusinessDay Media, said, “We engaged in the banking awards because of the role the banking sector plays in the economy, most especially an emerging economy.
“We need to recognise and reward those in the society who work tirelessly and walk through a challenging path to ensure Nigeria is where it is today. We will continue in our tradition to ensure a balanced fair process in reaching the best in making the award a success,” Aigbogun said.
Union Bank was the best SME-friendly bank, as LAPO microfinance bank emerged as the best microfinance institution of the year.

According to Godwin Ehigiamusoe, chief executive officer of LAPO Microfinance Bank, who spoke at the award night, “last year we disbursed N92.1 billion and our target for 2015 is N135 billion, we will continue to provide funds for women and helping people improve their lives.”
The bank with the best IT services went to the obvious winner, Diamond Bank.
Jaiz Bank bagged the award for outstanding service in the areas of Islamic banking, and Unity Bank was honoured for the most improved bank of the year.
Skye Bank’s acquisition of Mainstreet Bank was lauded as the Bank deal of the year, a deal that cost Skye N126 billion. It is estimated that the deal freed up N50 billion for the Asset Management Corporation of Nigeria (AMCON). Also, paying up in record time, not only got heads turning, but sent a strong signal to the market that the bank was indeed ready for the next phase of its evolution.
Organiser of the awards, BusinessDay used the special occasion to give special recognition to a candidate who was to be its Business Person of the year. The honour went to Chairman of Skye bank, Olatunde Ayeni.
Philip Isapka, editor, Businessday, said “the nominees tonight represent the absolute best in the banking institution in the country. I commend you to have enormous pride in your achievement. I am delighted that contributions of finalist have created this memorable occasion.”
Adam Nuru, who spoke unbehalf of FCMB, said “we build all our resources around our customers”
In attendance at the glamorous event were representatives of Access Bank plc, First Bank of Nigeria limited, Stanbic IBTC Bank, FCMB, and Ecobank.

Others were Union Bank plc, Skye Bank plc, Diamond Bank plc, Unity Bank plc, Jaiz Bank, LAPO Microfinance bank, and Abbey Mortgage bank.
Access Bank won the Bank of the year award while Peter Amangbo, group managing director Zenith Bank won the Bank CEO of the year award.

The forum was the third edition of BusinessDay annual banking Awards 2015 that was meant to reward financial institutions and their officers who were outstanding throughout 2014 financial year.

More Pictures coming....

 HOPE MOSES-ASHIKE, EDOZIE IFEBI & JOSEPHINE OKOJIE

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