Ecobank Nigeria, an affiliate of Ecobank Group, has been honored with the Client Excellence Award for outstanding performance in institutional cash management for the previous year by Deutsche Bank AG.
Newsonspot reports that during the award presentation in Lagos, Andreas Voss, Chief Country Representative of Deutsche Bank AG, Corporate Bank, congratulated Ecobank for this recognition. He emphasized that the award reflects Ecobank’s excellence in payment efficiency and cash management. Voss noted that the bank’s commitment to excellence, open communication, and proactive strategies have led to significant achievements for both institutions.
Voss stated, “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 (STP) transactions is a prime example, as Ecobank achieved an STP rate above 99 percent for foreign currency payments and international settlement services. This success underscores the bank’s high SWIFT payment standards, facilitating rapid beneficiary account credits.”
Segun Anjorin, Acting Head of Corporate Banking at Ecobank Nigeria, acknowledged Deutsche Bank as a valuable partner. He noted that the Client Excellence Award symbolizes 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.
About Ecobank Nigeria
Ecobank Nigeria is an affiliate of Ecobank Group, the leading pan-African banking group. We provide a comprehensive suite of financial services and solutions to our Consumer, Commercial, Corporate, and Investment Banking clients through over 250 branches and 60,000 Xpress Point agencies.
Established in 1985, the Ecobank Group aims to promote financial integration and socio-economic development in Africa. With a presence in 35 sub-Saharan African countries, as well as in France, the UK, UAE, and China, Ecobank boasts unmatched expertise across the continent. Our pan-African platform offers a seamless gateway for payments, cash management, trade, and investment across Africa and beyond.
