GTBank has been named Bank of the Year Nigeria for the second time in a row and also Bank of the Year Sierra Leone.
Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty Trust Bank Plc, was also recognized as the “Bank of the Year Sierra Leone” at the event, which held on November 29, 2018, at the Sheraton Grand London Park Lane, London, United Kingdom.
The Banker, a publication of the Financial Times, is the world’s leading monthly journal of records for the banking Industry, with over 90 years expertise in publishing developments in the banking industry in Africa and on the global scale. The Magazine’s Bank of the Year Awards celebrates leading financial institutions within the global banking sector who are setting new industry standards and driving innovation in financial services and customer experience.
Receiving the award on behalf of the Bank, Segun Agbaje, Managing Director/CEO of GTBank said; “We are honoured to be recognized as the 2018 Bank of the Year in Nigeria and Sierra Leone. These awards serve as further motivation for us as we continue to go beyond traditional banking services by creating innovative digital services that are less about us as bank and more about our customers and how we empower them with everything that they need to better their lives.
He further stated that “Our vision has always been to create an oasis in the financial services industry that leads, not only in earnings and returns on equity but also in maintaining world-class corporate governance standards and pushing the bounds in service delivery and customer experience. These awards reflect our sustained commitment towards this vision, which we will continue to pursue, driven by our passion for excellence and guided by our founding values of hard work, discipline and integrity.” Alongside its record for consistent year-on-year growth, GTBank is widely regarded by industry watchers as a trailblazer in the banking industry due to its many innovations in digital and financial services. Recently, the Bank launched Habari, Nigeria’s largest platform for music, shopping and lifestyle content and the first mobile platform created by a financial institution in the country that focuses on enabling people’s needs and lifestyle rather than providing regular banking products.
UBA Expands to Mali
At the cutting ribbon ceremony were the President of Mali, H.E Ibrahim Boubacar Keita, Chairman UBA Tony Elumelu, Group G.M.D, Kennedy Uzoka and other invited dignitaries.
Pan African financial institution, United Bank for Africa (UBA) has opened a new branch in Mali as it expands in the African region where it already operates in a dozen countries.
“Mali is a large market with a low (bank) account penetration rate,” Maimouna El Oumarany, spokeswoman for UBA’s Malian subsidiary, told Reuters by telephone. “We’re hoping to do better than the 13 banks already established in the country.”
El Oumarany said UBA’s strategy in Mali, a landlocked country on the edge of the Sahara, was focused on digital products that clients could access from their smartphones.
Ecobank and Terre des Hommes launch Safe Savings Project to empower children in the street to escape poverty
Through the Safe Savings (SaVa) Project a number children in the street will be given a new, secure means to collect and bank their hard-earned income
LOME, Togo, February 5, 2019/ — Ecobank (www.Ecobank.com), the pan-African bank, is partnering with leading international children rights NGO Terre des Hommes (https://www.TdH.ch) to offer digital financial services to some of the most vulnerable children in Togo – those under the age of 18 who work or live on the streets. Through the Safe Savings (SaVa) Project a number children in the street will be given a new, secure means to collect and bank their hard-earned income, improving their security situation as well as their own saving habits. The one-year pilot project is being launched during an event held at Ecobank’s headquarters, in the Togolese capital of Lomé today.
One of the greatest fears of children living and working on the streets is being robbed, particularly at night. Currently, these children use a variety of informal savings mechanisms – leaving their earnings with trusted adults, burying their money, or trying to spend it as quickly as possible. Yet none of these mechanisms are safe or reliable.
New mobile technology can provide a pathway to transform these children’s lives as they journey into adulthood. Ecobank – through its work with Terre des Hommes – is adapting its digital offerings to their needs, setting up a very simple but effective micro-savings system.
“As the leader in digital financial services in Africa, we work hard to ensure that all Africans have access to better financial services and that includes the most vulnerable members of our communities,” says Ecobank’s Group CEO Ade Ayeyemi. “Children in the streets are often subject to abuse, neglect, exploitation, and need our protection. By offering them a reliable and secure saving mechanism we hope we can help them protect their livelihoods and build a better future.”
The first stage of the pilot project, which involves 30 children, is being rolled out in Lomé, where Ecobank is headquartered. Terre des Hommes will create a “purse” where each child can deposit their daily earnings using a mobile phone provided by the organisation. They only need to set up an Ecobank Xpress account, which can be easily done through the mobile device. Terre des Homme acts as the custodian of the children as minors are not yet eligible to open accounts.
Over the next 12 months the SaVa Project hopes to reach a minimum of 150 children. Ecobank and Terre des Homme staff will train them so they understand how to use the app correctly. The children will also be able to give feedback on how the app can be further adapted to their specific needs.
“We work closely with the children to understand the issues they face in their daily environments,” says Pierre Philippe, Director of Programmes and Technical Resources of Terre des Hommes. “As their own agents of change, we identified potential solutions together. We expect the SaVa Project will evolve over the next months to ensure we can genuinely improve the lives of children in the streets of Lomé.”
Distributed by APO Group on behalf of Ecobank.
Emirates NBD recognized as the best bank in Egypt for 2018
Emirates NBD recognized as the best bank in Egypt for 2018
Cairo – January 28, 2019 – Emirates NBD – Egypt has been awarded “The Best Bank” in Egypt for 2018 by The Banker Africa for the second year in a row. This award followed their receipt of 4 other awards from the foundation as the best retail bank, the most innovative and creative bank, and the best bank that offers internet banking services for its customers, along with their exceptional digital services as a whole.
The Banker Africa confirmed that Emirates NBD – Egypt deserved being named The Best Bank in Egypt for 2018 for their excellence in providing innovative and creative banking services in the Egyptian market, and for succeeding in providing remarkable digital services, which lead to the winning of 4 awards from The Banker Africa.
In addition to that, Emirates NBD – Egypt has been awarded “The Best Mobile Banking App – Egypt 2018” by the renowned International Finance magazine, which specializes in monitoring and following the most important economic and banking institutions around the world. Emirates NBD – Egypt was presented this award for introducing a breakthrough in mobile banking services.
Emirates NBD – Egypt has also launched an electronic signature service to sign and send documents using “Digi-Sign” technology as part of the bank’s focus on diversifying the services provided to its customers and its desire to provide the best solutions and digital products. This comes as a result of the bank’s recognition of the value of time, convenience and efficiency needed by business customers. Emirates NBD – Egypt is considered the first bank to launch digital signature services which provides the highest standards of safety for business accounts.
Emirates NBD – Egypt is recognized for being a pioneer in providing innovative banking and digital services to the market. The bank has greatly elevated the concept of mobile banking and already owns one third of the accounts of e-wallet users in Egypt which represents 3 million electronic wallet users.
Commenting on the bank’s success in winning these awards, Mohamed Berro, Chief Operating Officer at Emirates NBD – Egypt, said, “The bank is always striving to provide everything new and innovative to meet the needs of its customers.” He also noted that he was very pleased to receive these awards from such large international institutions, which demonstrates the excellence of Emirates NBD – Egypt. He also pointed out that “The bank received the Best Bank in Egypt award from The Banker Africa after winning four other awards in the field of innovation, retail banking for individuals, internet services and digital banking products that Emirates NBD has pioneered in the Egyptian market”.
CEO Mohamed Berro
Berro also stated that “The Bank’s success in winning Best Mobile Banking App in Egypt from the International Finance Magazine is due to the bank’s excellence in providing mobile banking services. This comes from the bank’s introduction of Smart Touch technology as an alternative to the secret number in dealing with mobile applications”.
Berro finally said “Emirates NBD is distinguished in providing e-wallet services through mobile phones, bringing the number of customers benefiting from the bank to about three million customers, which represents one third of the number of users of electronic wallets in the Egyptian market”.
– EGYPT TODAY
- Energy2 days ago
Global energy meeting “Africa Energy Forum” announces major rebranding in 21st year
- Business Home2 hours ago
Nigeria floors JPMorgan Chase over $875m Malabu oil money
- Economy2 hours ago
EU’s Tusk to meet UK PM May on Brexit in Egypt on Sunday – official
- Tourism & Travel1 hour ago
Is Africa becoming a female sex tourism destination?
- Stock markets2 hours ago
Jumia, Konga list billion dollars IPOs
- Tourism & Travel1 hour ago
Newlands is more than just a sports stadium