Ecobank is best bank for 2012

BY: Isaac Yeboah

 Ecobank Ghana wins Bank of the Year 2012  Ecobank Ghana wins Bank of the Year 2012Ecobank has been adjudged the Best Bank for the Year 2012 at the Ghana Banking Awards organized Saturday at the Trade-Fair Centre, Accra.

The Bank of the Year award is the most coveted among 20 categories which were up for grabs. It is given to the bank with the highest weighted scores for customer survey, corporate social responsibility and financial performance.

A delighted team of Ecobank senior staff received the award which was presented by Kenneth Ashigbey, Managing Director of the Graphic Communications Group who are also sponsors of the award category.

The Bank of the Year award is Ecobank’s sixth, after it won the same award at the maiden edition in 2001. It has also won it three consecutive times from 2004 to 2006.

The bank also picked up three other awards – best bank in Financial Performance, best bank in Competitive Pricing and was 1st runner-up for Corporate Banking category.

Ecobank was established in 1990 and is a member of the Pan-African Ecobank chain which operates in thirty two (32) countries. The bank acquired 100% interest in The Trust Bank (TTB) in December 2011.

Prudential Bank also won the highest number of awards - an impressive eight awards. They were followed by Unibank- winning six awards.

There were no winners for two categories – Innovation and Export financing.

The Ghana Banking Awards is a vehicle to showcase and applaud best performing banks in various categories of the Ghanaian financial services market. The event is in its twelfth edition and is organized by Corporate Initiative Ghana.

It was on the theme ‘Promoting Ethics, Integrity and Compliance in the Financial Services Industry’.

Below is a comprehensive list of winners.

Bank of the Year    
Winner: Ecobank Gh

Best Bank in Advisory services
Winner: 1st Atlantic
Ist runner-up Unibank
1st runner-up - ICB

Corporate Social Responsibility
Winner: ADB
1st runner-up: UT Bank
2nd runner-up: Prudential

Best growing bank
Winner: Access bank
1st runner-up: 1st Atlantic
2nd runner-up: Fidelity

Short term loan financing:
Winner: Unibank Gh
1st runner-up: Prudential bank
2nd runner-up: Zenith bank

Mobile banking
Winner: GT Bank
1st runner-up: Stanbic bank
2nd runner-up: CAL Bank

Medium term loan financing:
Winner: ADB
1st runner-up:Stanbic bank
2nd runner-up: CAL Bank

IT/Electronic Banking:
Winner: Unibank
1st runner-up: Prudential bank
2nd runner-up: UBA

Competitive pricing:
Winner: Ecobank
1st runner-up: Stanbic
2nd runner-up: ADB

Best Retail bank
Winner: Unibank
1st runner-up: Prudential bank
2nd runner-up:UBA

Long-term loan financing:
Winner: Prudential
1st runner-up: Unibank
2nd runner-up: Zenith bank

Corporate Banking
Winner: Zenith
1st runner-up:Ecobank
2nd runner-up: Prudential

Best bank in trade finance
Winner – Prudential bank
1st runner-up: Zenith bank
2nd runner-up: Fidelity

Best Bank: Customer care
Winner: 1st Atlantic
1st runner up – Unibank
2nd runner up – ICB

Agric financing
Winner: ADB
1st runner-up:UT Bank
2nd runner-up: SG-SSB

Consumer lending
Winner: Prudential bank
1st: Unibank
2nd Bank of the Year

Financial performance
Winner: Ecobank
1st runner-up: Stanbic bank
2nd runner-up: CAL Bank

Export financing : No winner
Best bank innovation: No winner