The Pan-African banking group Ecobank has won the Euromoney Excellence Awards for ‘Best Bank for Corporate Social Responsibility (CSR) in Africa’ and ‘Best Bank for Transaction Services in Africa.’ The bank also won two country awards in Ghana and Malawi as ‘Best Bank’ making it four awards to be won by the bank.
According to an Ecobank Liberia branch statement issued yesterday in Monrovia, the prestigious award was presented to the bank at the 25th anniversary of the Euromoney Awards dinner, held on Wednesday, July 6, at the Tower of London, United Kingdom.
The ceremony was attended by a delegation from Liberia, as well as over 500 CEOs, senior executives of winning institutions and members of the Euromoney team.
According to one of the Euromoney officials, whose statement was contained in the statement released by the bank, the 2016 awards focused on commercial and investment banks that demonstrated ability to deliver the different parts of their firms to meet clients’ needs and adapt to market and regulatory conditions.
The statement also quoted the Euromoney official that the 2016 awards also considered candidates who might not be global in scale, but are truly world class in the way they are run and in the services they deliver to clients.
“The award was in recognition of the bank’s progress in the enhancement of its operations through its ‘CSR’ initiative, as well as commitment to rising the standards of customer experience through its many services include Western Union,” a Euromoney official said.
Receiving the award on behalf of the Pan-African banking group in London, Ms. Julie Essiam, Ecobank Foundation Chief Executive Officer, said that at the bank they are passionate about transforming the communities in which they serve across Africa.
Ms. Essiam said: “Through strong partnerships like our work with the Global Fund to Fight AIDS, Tuberculosis and Malaria, we are making long-term positive change. Our award for corporate social responsibility is gratifying and it demonstrates the powerful impact that the private sector makes on development in Africa.”
She assured that the Bank will sustain the growth momentum while noting that the award is an honor not only for Ecobank, but for employees and customers who have been instrumental to the bank’s success.
Also speaking, Ecobank’s Transaction Services Group Head Patrick Gutmann said the award highlights their growing reputation as one of the leading transaction banks in Africa.
“We provide innovative transaction services in the 36 African countries in which we operate, and this award shows that we are not only delivering this service, but excelling at it; and this is the second consecutive year that Ecobank subsidiaries in Malawi and Ghana are being honored for their performance,” Gutmann said.
The Euromoney Awards for Excellence single out financial institutions for 25 global awards in banking and capital markets, as well as the best banks and securities houses in nearly 100 countries. The awards have run since 1992 and take place in July. Wells Fargo was the winner of Best Bank for 2013.