Stanbic IBTC Bank has emerged winner of the Best Cash Management Award in Nigeria 2015 by The Asian Banker Middle East and Africa (MEA) Transaction Banking Awards at the Third Annual Middle East and Africa Awards Ceremony, held in Abu Dhabi, United Arab Emirates.
The Asian Banker Transaction Banking Awards is the most rigorous, prestigious and transparent annual awards programme recognising leadership in the cash management, trade finance and payments industries among international financial institutions in Asia Pacific and in the last two years has grown to include the Middle East & Africa. The Transaction Banking Awards evaluate bank’s achievements in cash management, payments, and trade finance. The winners for these awards are determined through a combination of surveys, interviews and field research by The Asian Banker’s research staff.
Presenting the award, Chairman/Chief Executive Officer of Asian Bankers Award, Mr. Emmanuel Daniel, said the total scoring was based on growth in clients, transaction volume and value, profitability and revenue growth, the range and unique features of products and services provided by the bank, operational and platform capabilities and key achievements and deals done in the year under review.
He further said the score was also based on a survey of all domestic banks based on overall satisfaction, primary provider, sustainable relationship building, flexibility in pricing and documentation, local support capabilities and value for price quoted to domestic banks in this business.
“A stringent three-month evaluation process based on a balanced and transparent scorecard was used to determine the winners; we are therefore very pleased that Stanbic IBTC is part of what has become the most prestigious and anticipated Awards Programme that recognises the pursuit of excellence amongst transaction banking institutions,” Daniel said.
Head, Transactional Products and Services, Stanbic IBTC Bank, Babatunde Macaulay, said the award was a demonstration of Stanbic IBTC Bank’s capacity to consistently deliver tailored solutions that showcase the bank’s expertise and understanding of the dynamics of the market, adding that the award speaks to Stanbic IBTC’s consistency in delivering innovative and relevant investment solutions to serve the needs of our corporate and individual customers.