Access Bank has affirmed its leadership of the Nigerian banking industry with its recent recognition as the Bank of the Year at the 17th annual Bank of the Year awards black-tie dinner in London.
The award, which validates other nine international honours earned by the bank over the past 10 months for operational excellence, responsible business practices and innovation, is unarguably one of the most coveted awards in the banking sector globally.
Presenting the award, BBC News journalist, Michael Buerk, commented: “In spite of the challenging operating environment and rapid changes in the industry, Access Bank has remained a formidable institution. Specifically, the Bank has been a purveyor of innovation in the Nigerian banking space and consistently outperformed industry forecast. It is firmly believed that its operational model, risk management and governance framework, which enable sustained superlative financial performance need commendation”.
Although this view is consistent with analysts’ opinion on the bank in the past one year, its Group Managing Director, Herbert Wigwe, who received the award for the bank said, “While innovation, excellent risk and corporate governance framework might be the advantage we have over our competitors, the bank is propelled by a vision of becoming the world’s most respected African Bank, and this requires us to do things differently to standout. He thanked the bank’s stakeholders for their support and assured them of improved performance in the years ahead”.
Over the years, Access Bank has established a reputation as one of the most formidable financial institutions in Nigeria. This is unconnected with its impressive growth trajectory and contributions to the development of the Nigerian economy through empowerment initiatives and practical SME schemes. As an acclaimed innovative industry pioneer, the Bank has remained the choice of international financial organizations and multilateral agencies seeking partnership in Nigeria.
For some of its pioneering initiatives and outstanding performance, the bank has earned a number of recognitions in the past months. The recognitions include the Karlsrushe Outstanding Business Sustainability Award, BusinessDay Banking Award – CEO of the Year, BusinessDay Banking Award – Best Bank of the Year, EMEA Finance Best Bank in Nigeria Award, EMEA Finance Corporate Responsibility Award (Pan-African), EMEA Finance CEO of the Year (Pan-African and World Finance Most Sustainable Bank of the Year Award.
The bank is particularly excited about its emergence at the 2016 Bank of the Year because the award is renowned as a valuable reward for banking excellence, and recognition for achievements of outstanding individuals and exceptional institutions in the global banking landscape.
The Banker Awards is an annual event of the Banker Magazine, a publication of the Financial Times of London and world’s leading monthly journal of records for the global banking industry, with expertise in publishing developments in the African banking industry and beyond for more than 90 years.