Absa honoured at African banking awards

Absa has been recognised as the ”Most Innovative Bank in Africa” at the African Banker Awards 2009 in Istanbul, Turkey, the bank said on Wednesday.

Absa’s Tanzanian subsidiary, the National Bank of Commerce (NBC), had also been honoured as the ”Best Local Bank in Africa”.

The award was organised by IC Publications, publishers of the African Banker magazine and was held the World Bank/International Monetary Fund annual meetings.

”We are very proud of this achievement and in particular the fact that we have been recognised in the context of other players on the continent,” said Maria Ramos, Absa group chief executive, in a statement.

Absa was the only South African financial institution among the six finalists in the innovation category.

”Service delivery and impact on national stakeholders were two key aspects which were considered in the judging of this award,” said Ramos.

”I am proud that NBC has proven itself as a driving force in meeting customers’ needs and adhering to world-class practices.”

Absa was recognised for its string of successive innovations undertaken over the past 12 months.

”This is a significant accomplishment for Absa, particularly in a global environment where innovation is playing a central role in tailoring financial services around the diverse needs of customers.

”At Absa, we have also implemented innovative solutions to make banking possible for previously un-banked South Africans,” she said.

Ramos said Absa’s ambition was to become a Top 10 Globally Innovative Bank by exploring creative business solutions, instilling a culture of innovative thinking across the group, promoting sustainable profits and building competitive advantage. — Sapa

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Africa, Caribbean have ‘moral high ground’ on climate change –...

Both regions boast innovative, homegrown solutions but these rarely ‘get airtime’

The major economic and political questions of Marikana remain

Why do representative bodies like the union, the party and the so-called left seem to fail their constituents during struggles like Marikana?

Slate politics reflects the decline of the ANC

The competing factions in the party put power before national interests

Samsung flexes with the flip and fold

The folding tablet and flip phone look very similar to last year’s models, but feature a redesigned, slimmer hinge mechanism and other incremental updates
Advertising

press releases

Loading latest Press Releases…
×