By Dipo Olowookere
Its outstanding performance in institutional cash management has earned Ecobank Nigeria a Client Excellence Award from Deutsche Bank AG.
The Chief Country Representative of Deutsche Bank AG for Corporate Bank, Mr Andreas Voss, while presenting the award to the lender in Lagos, said it reflects Ecobank’s excellence in payment efficiency and cash management.
Mr Voss noted that the bank’s commitment to excellence, open communication, and proactive strategies have led to significant achievements for 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 stated.
In his remarks, the Acting Head of Corporate Banking at Ecobank Nigeria, Mr Segun Anjorin, acknowledged Deutsche Bank as a valuable partner.
He noted that the Client Excellence Award symbolizes the strong partnership and collaboration between the two banks.
Mr 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.
