The award, organised by Conrad Clark Nigeria in collaboration with Business Day and the UK Institute of Risk Management, was in recognition of the bank’s measurable results through the effective implementation of enterprise risk management principles.
The organisers noted that for the competing organisations, particular emphasis was placed on the development of creative and innovative solutions in overcoming the challenges facing businesses in Nigeria and that these organisations must also have demonstrated commitment and effectiveness in their risk management processes. They concluded that these qualities stood Access Bank out from the crowd.
The organisers stated that the objective of the award was to, among other things, inspire and reward individuals and companies practising good governance and leadership and honour the outstanding risk professionals in the various sectors in Nigeria.
It equally seeks to promote risk management education and skills as part of the national transformation agenda as well as support continuing professional development and contribute towards raising the standards of enterprise risk management in Africa.
Speaking on the awards, the panel of judges, co-chaired by Dr. David Hillson, an international scholar and Mr. Victor Odozi, former Deputy Governor of the Central Bank of Nigeria (CBN), noted that Access Bank was adjudged the winner after a rigorous and methodical evaluation procedure in which the judges looked at how risk management enabled the banks not just to survive but to thrive.
The latest award is coming barely a year after Access Bank’s emergence as the first Nigerian and indeed only bank in West Africa to obtain the Payment Card Industry Data Security Standard Certification (PCIDSS). The bank has also since been awarded the ISO 27001, a global standard for information security management, for efficiency of its security management process.
This is on top of already achieving rating upgrades by international risk rating agencies such as Standard & Poor’s and Agusto & Co. The attainment of this standard is yet another testament to the bank’s reputation as a benchmark for best practice and innovation in the Nigerian and African financial services landscape.
Access Bank Plc. is a full service commercial bank operating through a network of 348 branches and service outlets located in major centres across Nigeria, sub-Saharan Africa and the United Kingdom. Listed on the Nigerian Stock Exchange in 1998, the bank serves its various markets through five business segments.
The bank has over 800,000 shareholders including several Nigerian and international institutional investors and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last 10 years ranking among Africa’s top 15 banks by total assets and capital.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.
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