Nigeria’s Tier-1 bank, Access Bank, has been named best in commercial banking capabilities by Euromoney, the global financial publication. The specialist awards are in the area of wealth management with more than 60 countries around the world participating every year.
The results of an annual private banking and wealth management survey conducted by Euromoney showed significant improvement by Access Bank within the past year in its commercial banking capabilities. The award is given to honour firms that have proven to be leading providers of exceptional commercial banking services and have also shown an outstanding contribution to the banking sector, the bank noted in a statement made available to businessamlive.com.
At the Euromoney Private Banking Awards 2018, Herbert Wigwe, Access Bank’s group managing director and chief executive officer, received the award in London,
The bank said the annual survey is the banking industry’s leading barometer of the world’s best service and product providers to the world’s wealthy. It provides a qualitative review of the best services in private banking, by region and by areas of service. It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.
In an explanatory information, the bank said the commercial banking category, under which it was awarded, refers to the expertise the bank has, to fulfill the business needs of clients and commitment to providing liquidity in all market conditions.
“Also, such firm would have shown leadership in developing and integrating technology into its sales and business operations,” the bank added.
“This recognition highlights our commitment and dedication to serving our customers innovatively and putting them at the forefront of our business. We want to say a big thank you to our customers for entrusting us with their businesses and we look forward to our continued partnerships in years to come. We provide bespoke services tailored to meet the needs of this segment including building a socially responsible business portfolio. This award is in recognition of our regional expertise as we continue to work towards being Africa’s gateway to the world,” Wigwe said at the awards presentation.
He assured that the bank will sustain this growth momentum while noting that the award is an honour not only for himself but the entire workforce of the bank and most especially, the commercial banking team. “This is just the beginning of greater things to come for our bank,” he observed.
Euromoney is a widely respected global financial media conglomerate that covers global banking, macroeconomics and capital markets, including debt and equity. It also runs a number of independent industry surveys that have become the benchmarks for excellence in various categories of banking and finance. Published every February, Euromoney’s Global Private Banking Survey, provides a qualitative peer review of the best services in private banking, by region and by areas of service.