A total of N350 million (UD$970,000) were pledged during the day to build and equip 70 new classrooms, for children’s education in Northern Nigeria.
As a leading publication covering the growth of international finance, Euromoney’s awards programme recognises banks in almost 100 countries, in all regions and in 20 global categories.
The award is in recognition of the bank’s commitment to embedding social, environmental and economic sustainability into its core business strategy that helps address issues across its business operations and value chain
Jaydeep Gupta, the Regional Head of Retail Banking, Africa and the Middle East, said the solution is ideal for the African market, which continues to see a rising number of social media users
The BSSD Deputy Director General said that the award came within the annual classification of the World Union of Arab Bankers in the framework of quality performance, financial indicators, banking technology and social responsibility.
Some of the old generation Sh1,000 notes being dispensed are new, with consecutive serial numbers, suggesting that they are being dispensed for the first time.
He added that, as part of its support for the implementation of the AfCFTA, the Bank had provided support to aid the work being done by the African Regional Standards Organisation and the AU in implementing the Agreement.
According to the apex bank, DMBs that failed to comply with this regulatory requirement will be ‘fined to the tune of a Cash Reserve Requirement equivalent to half of the shortfall of the new LDR target.’
Africa’s retail banking markets are ripe with potential and present huge opportunities for innovation and further growth, as per a February 2018 report by McKinsey titled Roaring to life: Growth and Innovation in African retail Banking.