Ecobank Nigeria, a subsidiary of Ecobank Group, has received the prestigious Client Excellence Award from Deutsche Bank AG for its outstanding performance in institutional cash management.
During the award presentation, Andreas Voss, Chief Country Representative of Deutsche Bank AG, Corporate Bank, commended Ecobank for its exceptional payment efficiency and cash management services.
Voss highlighted Ecobank’s commitment to excellence, open communication, and proactive strategies, which have yielded significant achievements for both institutions.
“Ecobank’s dedication to excellence and collaborative spirit have made them an invaluable partner,” Voss stated.
“Their processing of Straight Through Processing (STP) transactions is a prime example, achieving an STP rate above 99 percent for foreign currency payments and international settlement services.”
Voss emphasized that Ecobank’s high SWIFT payment standards facilitate rapid beneficiary account credits, underscoring the bank’s operational efficiency and compliance with global payment standards.
Segun Anjorin, Acting Head of Corporate Banking at Ecobank Nigeria, expressed gratitude to 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.
He highlighted the benefits of STP implementation, which enhances operational efficiency and ensures compliance with global payment standards.
The award recognizes Ecobank Nigeria’s efforts in delivering innovative cash management solutions to its corporate clients.
The bank’s institutional cash management services enable businesses to efficiently manage their financial transactions, streamline processes, and optimize working capital.
Ecobank Group’s extensive pan-African network and strategic partnerships with international banks like Deutsche Bank enable clients to access global markets and facilitate cross-border transactions.
Deutsche Bank’s Client Excellence Award is a testament to Ecobank Nigeria’s dedication to excellence and its position as a leading financial institution in Nigeria.
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