Ecobank Nigeria, an affiliate of Ecobank Group, has won the Client Excellence Award for outstanding performance in institutional cash management for the previous year by Deutsche Bank AG.
During the award presentation in Lagos, the Chief Country Representative of Deutsche Bank AG, Corporate Bank, Andreas Voss, congratulated Ecobank for the recognition.
In a statement from the bank, Voss noted that the award reflected Ecobank’s excellence in payment efficiency and cash management.
Voss said, “Ecobank’s dedication to excellence and collaborative spirit have made them an invaluable partner. It was an absolute pleasure working with Ecobank. Their processing of Straight Through Processing transactions is a prime example, as Ecobank achieved an STP rate above 99 per cent for foreign currency payments and international settlement services. This success underscores the bank’s high SWIFT payment standards, facilitating rapid beneficiary account credits.”
The acting Head of Corporate Banking at Ecobank Nigeria, Segun Anjorin, commenting on the award acknowledged Deutsche Bank as a valuable partner. He noted that the Client Excellence Award symbolises the strong partnership and collaboration between the two banks.
Anjorin reiterated Ecobank’s commitment to providing exceptional quality in payment efficiency and cash management, highlighting how STP implementation enhances operational efficiency and ensures compliance with global payment standards.
Ecobank Nigeria is an affiliate of Ecobank Group, a pan-African banking group providing financial services and solutions to consumer, commercial, corporate, and investment banking clients through over 250 branches and 60,000 Xpress Point agencies.
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