- January 30, 2020
- Posted by: CSR-in-Action
- Category: News
Africa’s largest bank in assets and customer base, Access Bank Plc. has continued its recent trend of wins, as it emerged the ‘Bank of the Year’ at The Bankers Awards which took place at Sheraton Grand Park Lane in London.
The Bank was selected winner based on its impressive financial performance over the years, meeting and surpassing its ambitious targets. In 2018, the Group delivered a 15 percent increase in gross earnings of N528.7billion, from N459.1billion in 2017 comprising interest income growth of N380.9billion, a 19 percent growth from previous levels.
Herbert Wigwe, the Group Managing Director of Access Bank acknowledged the Bank’s growth, crediting its results to a responsible and innovative approach to creating an excellent customer experience and a committed workforce.
“Through our approach, which includes a deep focus on supporting sustainability initiatives as well as leveraging innovation and technology to optimise our processes, Access Bank is well positioned to deliver on its promise to offer more than banking to our customers and indeed, all our employees,” he said.
The judges also took into consideration, Access Bank’s issuance of a N15billion ($41.3million) green bond, Nigeria’s first CBI certified, in March 2019. The issuance of the bond forms part of the lender’s environmental, social and governance commitments which includes the analysis of the social and environmental risks of financing activities and the measurement of its environmental footprint.
Receiving the award, Omobolanle Victor-Laniyan, Access Bank’s Head of Sustainability said, “Access Bank is proud to play a role in supporting Nigeria’s economy through sustainable projects. We would continue to strive for excellence in our business offerings and ensure it aligns with our goal to facilitate the achievement of the SDGs”.
The Bankers Awards recognition follows the Bank’s win of five awards at the SERAs CSR Awards 2019 and DIAL Awards 2019 for Disability Friendly Institution of the Year (Financial Category).
Using its unified payments gateway, Access Bank launched its AccessAfrica payments solution in 2018 in Nigeria and six other markets across the continent. This is to enable efficient and effective global transfer services ranging from school fees payment, merchant payments, e-commerce payments, diaspora workers’ payments, etc.