Sterling Bank gets Risk Management Award

Sterling Bank Plc has disclosed that it was recently conferred with the award for the ‘Best Bank in Nigeria’ in the Banking and Investment Services category of the Nigeria Risk Award (NRA) for 2015. The award was presented to the bank at the Nigerian Economic and Social Risks Summit in Lagos.

This award came barely one month after the bank emerged tops among Nigerian banks in the Lafferty Bank Quality Ratings, according to a statement.

The bank said it beat other banks, insurance companies and other players in the financial services sector that submitted entries to win the award.

The Bank’s Executive Director, Finance and Strategy, Mr. Suleiman Abubakar, assured its stakeholders that the bank would continue to put the necessary structures in place to ensure adequate risk management.

He added: “Sterling Bank is committed to best practice in risk management. This informs why we have continued to fortify our Risk Management team and provide adequate training programmes to ensure that they are up-to-date in current risk management practices worldwide.”

The award, according to the bank’s director will serve as a morale booster for the bank to further improve its risk management processes and sustain its leadership position; adding that the award was based on the bank’s risk management practices and the entrenchment of a risk management culture within the bank.

Source: Allafrica.com