Ecobank Nigeria, a subsidiary of the pan-African banking group Ecobank Group, has been honored with the prestigious Client Excellence Award by Deutsche Bank AG for its exceptional performance in institutional cash management over the past year.
The award ceremony, held in Lagos, saw Andreas Voss, Chief Country Representative of Deutsche Bank AG, Corporate Bank, congratulating Ecobank Nigeria on its remarkable achievement. Voss highlighted the bank’s superior performance in payment efficiency and cash management, emphasizing its high Straight Through Processing (STP) rates.
“Ecobank’s dedication to excellence and collaborative spirit have made them an invaluable partner,” Voss remarked. “Their STP transactions, achieving a rate above 99% for foreign currency payments and international settlement services, underscore their adherence to the highest SWIFT payment standards. This efficiency ensures rapid beneficiary account credits, reinforcing their position as a leader in cash management.”
Segun Anjorin, Acting Head of Corporate Banking at Ecobank Nigeria, expressed gratitude for the recognition, acknowledging Deutsche Bank as a vital partner. “This award symbolizes the strong partnership and collaboration between Ecobank and Deutsche Bank. It also reaffirms our commitment to delivering exceptional quality in payment efficiency and cash management,” Anjorin stated. He further emphasized the role of STP in enhancing operational efficiency and ensuring compliance with global payment standards.
Ecobank Nigeria operates as an affiliate of the Ecobank Group, a leading pan-African banking institution offering a broad range of financial services to consumer, commercial, corporate, and investment banking clients. With over 250 branches and a network of 60,000 Xpress Point agencies, Ecobank remains committed to driving financial inclusion and excellence across the continent.
This award marks a significant milestone for Ecobank Nigeria, showcasing its leadership in cash management and its ability to foster strong global partnerships.
