Lagos, Nov. 13, 2024 – Deutsche Bank AG has awarded Ecobank Nigeria, an affiliate of Ecobank Group, the Client Excellence Award for outstanding performance in institutional cash management for 2023.
During the award presentation in Lagos, Andreas Voss, Chief Country Representative of Deutsche Bank AG, Corporate Bank, congratulated Ecobank for this recognition.
He said the award reflected 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 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 (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, the Acting Head of Corporate Banking at Ecobank Nigeria, acknowledged Deutsche Bank as a valuable partner.
He said the Client Excellence Award symbolised 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. (GBN)
