Zenith Bank PLC and United Bank for Africa led winners in the 2019 Businessday Banks & Other Financial Institutions Award (BAFI) as the lenders raked in the biggest banking awards for the night.
Zenith bested two of the country’s top lenders to emerge Bank of the year in the 7th annual BAFI award for its banking leadership, growth capacity, world-class risk management structure, excellent customer service
“We dedicate the award to our esteemed customers and we are optimistic we would sustain the performance,” said Nkem Oni-Egboma, MD Zenith Pensions Custodian Ltd.
Kennedy Uzoka, Group Managing Director/CEO, United Bank for Africa (UBA) PLC was also awarded BAFI 2019 Bank CEO of the year for his visionary leadership under which UBA, Africa’s global bank, has grown in leaps and bounds since he took helms of affairs in 2006.
The Businessday Banks’ & Other Financial Institutions Award (BAFI) organized by West Africa’s most authoritative news media, BusinessDay, brings together super-achieving deposit, merchant, investment, microfinance banks and other financial institutions to celebrate their contributions, as well as that of individuals in the industry, to Nigeria’s economy.
The 7th BAFI, “the awards that matter to those who matter in financial services,” comes amid intensified efforts by players in the financial services industry to extend credit across all slices of the (Nigerian) customer pyramid, and innovations seen in previously complacent areas, Frank Aigbogun, Publisher, BusinessDay Media Ltd said in his welcome address at the event.
In other categories, FBNH emerged as Bank Holding Company of the second year running.
DLM Advisory partner won Deal Advisor of the year, Zedcrest Capital carted home the Diversified Financial Services Group of the year award, Rand Merchant Bank Nigeria Ltd raked awards in the Merchant Bank of the year category and Debt Arranger of the Year Award.
Coronation Merchant Bank won Investment Bank of the year for second time since 2018 while LAPO Microfinance Bank, which accounts for 24 percent of total Microfinance credit in Nigeria, emerged MFB of the year.
More details shortly…