By Grace Alegba
Lagos, Nov. 13, 2024
Ecobank Nigeria, a subsidiary of Ecobank Group, has been conferred with the Client Excellence Award by the Deutsche Bank AG, for exceptional institutional cash management performance.
This is contained in a statement issued on Wednesday in Lagos.
Mr. Andreas Voss, Chief Country Representative, Deutsche Bank AG, commended the feat recorded by the Ecobank.
Voss said the award reflected Ecobank’s payment efficiency and cash management excellence.
He noted that the bank’s commitment to excellence, open communication, and proactive strategies contributed to the significant achievements of both institutions.
“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 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,” he said.
Acting Head of Corporate Banking at Ecobank Nigeria, Segun Anjorin, acknowledged Deutsche Bank as a valuable partner.
According to him, the Client Excellence Award symbolises the strong partnership and collaboration between the two banks.
He reiterated Ecobank’s commitment to providing quality in payment efficiency and cash management, highlighting how STP implementation enhanced operational efficiency and ensured compliance with global payment standards.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany.
The investment banking company, founded in 1870 in Berlin, is dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
