Fidelity Bank adjudged bank of the year

Fidelity Bank Limited has been adjudged the best bank for 2015 for its outstanding performance in trade financing and strong financial output..

Additionally, the bank was also crowned the best in Trade Deal and Corporate Social Responsibility for the same period at the 15th edition of the Ghana Banking Awards, held in Accra at the weekend.

Other winners included thePrudential Bank Limited, which won the best bank in customer care, Bank of Africa won the best in Advisory Services, Standard Chartered Bank Limited won the best in Trade Finance category. Best Bank in Long-Term Loan Financing went to Unibank Ghana Limited and the Agricultural Development Bank was awarded the best in agriculture, forestry and fishing.

Stanbic Bank Ghana Limited emerged winners in the best bank in product innovation category, Bank of Baroda Ghana Limited won the best bank in competitive pricing, Ecobank Ghana Limited took home the best bank in financial performance while Capital Bank Limited were named the best growing bank.

The most active E-Zwich Bank Award went to GCB Bank Limited, Zenith Bank Ghana Limited won the bank that best promotes cashless transaction category while Capital Bank Ghana Limited was adjudged the best bank in savings and deposits.

Capital Bank and the Royal Bank rounded off the night by winning the best bank in household finance and enterprise finance respectively.

In a speech read on his behalf, Dr.Abdul Issahaku, Governor, Bank of Ghana (BoG), said BoG was committed to ensuring a stable environment for players in the banking industry.

He said the new Banks and Specialised Deposit-taking Act, currently awaiting presidential assent, would address gaps and inconsistencies in the banking laws and also deepen cooperation with regional counterparts to improve the regulation and supervision of foreign banks.

Dr Issahaku, announced the establishment of a deposit protection system, outlined in the Ghana Deposit Protection Bill, that would ensure protection for small depositors and enhance the safety of the financial system.

He advised all licensed institutions to ensure strict compliance with capital and other regulatory and prudential requirements, necessary for them to thrive during the implementation of the deposit protection scheme.

Chairman of the Ghana Banking Awards Planning Committee, Nana Otuo Acheampong, said the award was designed with the aim of improving the quality of service delivery in the banking sector through healthy competition.

Speaking to Times Business in an interview, Jim Baiden, Deputy Managing Director, Fidelity Bank Limited dedicated the awards to customers and staff, who believed in the operations and the services offered by the bank.

He noted that the bank had been active in supporting economic transformation through financing oil import, which was necessary to put the economy on track.

Mr. Baiden assured customers, that Fidelity Bank, as a wholly-owned Ghanaian company, was committed to offering services and products that would boost individual businesses and serve personal banking needs.

By Claude Nyarko Adams 






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