CBN Applauds Ecobank’s Sustainability Efforts

The Central Bank of Nigeria (CBN) has recognized and awarded Ecobank Nigeria on its laudable sustainability and Corporate Social Responsibility (CSR) initiatives.

The CBN at its 2018 annual awards for sustainability in Lagos, recognized Ecobank’s activities in four categories which include Sustainability Bank of the Year;; Sustainability Bank of the Year -oil and gas; Sustainability Bank of the Year -power sector and the Women Empowerment category  – the bank was first runners up in all four categories.

These recognitions are an acknowledgement not only of the bank’s efforts at supporting industrial sector development but also in the development of efficient sustainability programmes for the good of the citizenry.

The CBN Sustainability Awards – a part of the Nigerian Sustainable Banking Principle, NSBP, initiated in 2012, is an award that appreciates the efforts of financial service providers who have been able to successfully integrate social and environmental considerations into their operations, spanning across their processes and strategies.

In his comment, Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said:  “it is a deliberate policy of Ecobank Nigeria to embark on sustainable projects that impact people and the environment.

Last year we focused on removing plastic waste and other non-biodegradable elements from our streets, and this recorded huge success.  We engaged young people to gather and bring to us at least one million plastic and glass bottles from homes, offices and drainages; these we bought from them for proper disposure by the authorities. This was done over a week period tagged the ‘Ecobank sustainability week’ during which we also organized symposia for secondary schools students to create awareness on tackling plastic wastes. On the CSR front, in 2018 we constructed boreholes for schools across the country and also embarked on many other CSR activities.”

Further he said, Ecobank is proud of its contributions to the development of the nation’s economy through its support for the oil and gas and power sectors. “I dedicate the awards to staff and customers of the bank who worked relentlessly towards maintaining high sustainable standards that has earned us the CBN awards. I assured that the bank will continue to embark on initiatives that impacts the people, environment and the economy”.

[easy-social-share buttons="facebook,twitter" counters=0 style="button"]

We Are Supporting Women To Unleash Their Potential – Ecobank MD

The Managing Director Ecobank Nigeria, Patrick Akinwuntan said the “Ecobank Female Entrepreneurs Initiative,” is a platform designed to recognise women as special and unique customers who require tailor-made service offerings.

The Ecobank Managing Director who was speaking in Lagos reiterated that the concept is designed to provide women with the necessary support to help them excel in their endeavours, promote and grow their businesses and generally position them for increased participation, validation and contribution within the society.

According to Mr. Akinwuntan said: “Increasingly, we are seeing the change in the attitudes of women, and their economic viability as individuals and leaders in their fields. Their banking and financial services as a whole therefore present vast opportunities, if properly understood and managed.”

Further Mr. Akinwuntan,said the launch is a charge to the society to challenge the status quo and strive for a balance by empowering females in their immediate environments and subsequently, on a macro level. “Our female customers will become our flagship ambassadors and we have created this platform for them in line with the sustainability requirements of the Central Bank of Nigeria. These women will be provided with free health checks, training and empowerment sessions and other support  tools from Ecobank. The Ecobank Female Entrepreneurs Initiative aims at empowering women by helping them build capacity to grow their businesses.”

[easy-social-share buttons="facebook,twitter" counters=0 style="button"]

Ecobank Nigeria Unveils a Special Initiative for Women

As part of activities marking the 2019 International Women’s Day, Ecobank Nigeria has unveiled a special initiative for female entrepreneurs. 

The initiative tagged Ecobank Female Entrepreneurs Initiative is a platform designed to recognise women as special and unique customers who require tailor-made service offerings. The concept is designed to provide women with the necessary support to help them excel in their endeavours, promote and grow their businesses and generally position them for increased participation, validation and contribution within the society.

Managing Director Ecobank Nigeria,, Patrick Akinwuntan while unveiling the initiative at the bank’s head office in Lagos,  said  “increasingly, we are seeing the change in the attitudes of women, and their economic viability as individuals and leaders in their fields. Their banking and financial services as a whole therefore present vast opportunities, if properly understood and managed”.

According to Akinwuntan, the launch is a charge to the society in line with the theme of the International Women’s Day 2019, to challenge the status quo and strive for a balance by empowering females in their immediate environments and subsequently, on a macro level.

In his words “Our female customers will become our flagship ambassadors and we have created this platform for them in line with the sustainability requirements of the Central Bank of Nigeria (CBN). These women will be provided with free health checks, training and empowerment sessions and other support  tools from Ecobank. The Ecobank Female Entrepreneurs Initiative aims at empowering women by helping them build capacity to grow their businesses”

Some of the benefits include access to credit facilities with little or no collateral, network opportunities across Africa, financial advisory services, wealth management resources and loyalty schemes.

Also speaking, Executive Director, Commercial Banking, Mrs. Carol Oyedeji stated that Ecobank as a Group,  is proud to join the rest of the world to commemorate the IWD 2019, with the special theme #BalanceforBetter. For her, this year’s theme leaves no one in doubt as to the dire need to raise more awareness that gender balance is not a women’s issue but a human issue that must be tackled for us to have a better society and that it should not be mistaken for a battle between the sexes.

She called on all in the corporate world to join hands to ensure that “our women attain their full potential in all areas of society, including the workplace, which is vital for our communities and economies to thrive. A balanced world is a better world. We must help forge a more gender-balanced world by celebrating and recognising women’s achievements, raising awareness against bias and taking action for equality”.

[easy-social-share buttons="facebook,twitter" counters=0 style="button"]

Ecobank Nigeria To Establish 50,000 Xpress Points In 2019

Ecobank Nigeria, has disclosed plans to bring banking operations closer to Nigerian neighborhoods by expanding its agent banking locations to 50,000 before the end of 2019.

Managing director of the bank, Mr. Patrick Akinwuntan, who disclosed this during a media chat with journalists in Lagos, explained that the move is in line with the vision of the Pan African Bank to ensure the financial inclusion of all Nigerians.

According to him, the bank has 400 physical locations in Nigeria, and the aim is to let every household have access to Ecobank services “We have presence in every state in Nigeria. We have a customer base of 9 million in Nigeria, with 400 branches. More interestingly, more than 4,000 agency locations known as Ecobank Xpress point which is our approach to bringing banking to every neighborhood.

“Our ambition is to have 50,000 of such locations this year such that in every neighbourhood you can access Ecobank Xpress point to do cash deposit, withdrawal and actually make it more convenient for customers to open an account, get an instant card and participate in financial economy. Across the group, we have about 4,000 ATMs. In Nigeria we have 2,000 ATMs and we are still expanding the ATM network,” he said.

Speaking on the contribution of Ecobank to Nigerian and African economy, Akinwuntan said the bank has recorded many firsts in the banking industry revolution and introduction of EcobankPay is one of them.

He said, “we have introduced EcobankPay which has brought together all three QR codes available in the country on one platform. EcobankPay accepts and make payment with Masterpass, Mvisa and Mcash. You can have 100 QR codes at no additional cost. You don’t require different number, just one number and you are able to transact. We bringing this digital solution into the economy will enable small businesses to participate more effectively, enables faster savings, reduces risk of insecurity.”

Akinwuntan added that Ecobank will be bringing message of the combination of its POS, EcobankPay, Express Point, ATMs, Ecobank Omni, and Ecobank Omni light to markets and households to enable people interact with the products.

[easy-social-share buttons="facebook,twitter" counters=0 style="button"]