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Fidelity Private Bank Wins At PWM Global Wealth Tech Awards

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Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently.

Organized by Professional Wealth Management (PWM), a Financial Times Publication, the awards celebrate excellence in wealth management technology. According to the organizers, technology and service delivery were key components in the criteria considered by the independent panel that selected the award winners. The month long period involved gathering series of detailed information on KPIs, portfolio management, asset allocation, due diligence, risk management, growth strategies, customer service, innovation and ethical practices.

The award presented at an elaborate ceremony in London, was received on behalf of the bank by the Chief Operations and Information Officer (COIO), Fidelity Bank, Mr. Gbolahan Joshua and Divisional Head, Private Banking, Mrs. Chioma Nwankwo.

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Commenting on the development, Fidelity Bank CEO, Mr. Nnamdi Okonkwo said it was gratifying to see that Private Banking Division of the bank, set up over two decades ago, has remained the leading provider of financial services to HNIs in the country.

In line with the bank’s digitisation program, he said Fidelity Bank has continued to seek better, easier and more convenient ways of providing financial services, with the aid of technology, to its teeming customers. “Our resolve to continue to offer innovative solutions to all customers, including those of our Private Banking Division, is further strengthened by this award and recognition” he stated.

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Fidelity Private Banking was set up in 1996. Over the years it has grown reputation for high service standards, providing financial and wealth management services and solutions for a select clientele, with a view to building strong and enduring foundations for their future generations.

“PWM among other things, reviewed our tech investments, growth strategy, digital customer service, client communications, virtual assistant and portfolio management processes in arriving at the result. “We are delighted that the bank’s investments in ensuring high level of process automation and provision web-based wealth management solutions to our customers, is paying off”, said Mrs Nwankwo.

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Its Official: Manchester United Finally Seal Odion Ighalo’s Loan Extension Deal

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Manchester United has finally sealed a loan extension deal for striker Odion Ighalo.

Recall that Ighalo’s six months loan deal with the UK-based expired May 31.

Ighalo

However, with a ban on international footballers returning to the country till October, United sought a loan extension with Ighalo’s parent club, Shanghai Shenhua.

The deal will expire in January 31, 2021.

In a statement, the club said: 

“Manchester United have reached agreement with Shanghai Greenland Shenhua to extend the loan deal for Odion Ighalo.

“The Nigerian striker’s stay was initially due to end on 31 May but he will now remain with the Reds until 31 January 2021, enabling him to build on an impressive start to life with the club he supported as a boy.

“Ighalo’s tally of four goals in eight appearances so far includes at least one strike in each of his three starts – against Club Brugge, Derby County (2) and LASK.

“Today’s confirmation is a timely boost for United boss Ole Gunnar Solskjaer, as he continues to prepare his squad for this month’s resumption of competitive football.”

“They [Shanghai Greenland Shenhua] have been great towards us, allowing him to play for his dream club,” Solskjaer said.

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“It’s been a dream for him and hopefully he can finish what he started and win a trophy with us.”

Ighalo scored four times in eight appearances in all competitions before the suspension of the Premier League.

 

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Kings of Finance: GTBank Named Africa’s Most Admired Finance Brand

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Guaranty Trust Bank plc has been ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine.

In a special report examining the results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said GTBank’s “clever marketing, global presence and some of its flagship food and fashion events have undoubtedly helped make it a fixture of daily life in some of its key markets, especially its home base Nigeria.” He added that the bank, which recently won plaudits for building a 110-bed Care Centre in response to the Covid-19 Pandemic, “has taken banking and finance to the people.”

GTBank has long been regarded as one of Africa’s outstanding brands and enjoys a massive youth following thanks to its innovative and forward-thinking approach to financial services and customer engagement. It currently commands the largest social media following amongst all financial institutions in Africa and in 2019, the Bank hosted over 700,000 people at its consumer-focused events, GTBank Food and Drink Festival and The GTBank Fashion Weekend, among them dozens of business leaders and industry experts from around the world.

In 2019, GTBank removed all banking charges for young undergraduates under the age of 25 on its GTCrea8 Account Package. The move was unprecedented in the financial services sector but not unusual for a bank that had pioneered Zero-Naira Account Opening in the country, and in which people over the age of 65 also bank for free. GTBank is also blazing the trail in digital technologies; after leading the USSD banking revolution in Nigeria with its 737 Service, the bank is driving the digitization of consumer lending with Quick Credit, a first-of-its-kind digital lending product that gives individuals and small businesses instant, real-time access to loans anytime, anywhere via their mobile phones.

Brand Africa’s ranking of GTBank as Africa’s Most Admired Finance Brand is only one of its many accolades. In 2019, the was recognized as the Best Bank in Africa and Best Bank in Nigeria, by the Euromoney Magazine and the Best Banking Group and Best Retail Bank Nigeria by World Finance Magazine. In the same year, the Bank also dominated the Central Bank of Nigeria’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards for the third year in a row, taking home 8 of the 12 honours for banks at the forefront of driving the digitalization of financial services.

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Also Read:  Polaris Bank Boosts Government’s Fight Against COVID-19, Provides 400 Specialized Beds and Accessories
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ZENITH BANK EMERGES BEST BANK IN NIGERIA

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Zenith Bank Plc, Nigeria’s leading financial institution, has emerged as the Best Bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020.

The awards, which was published in the May 2020 edition of the Global Finance Magazine, was based on the performances of the banks in their respective regions and countries over the period from January 1 to December 31, 2019.

Global Finance’s “World’s Best Banks Awards” are recognized amongst the world’s most influential banking/finance and corporate professionals as the most coveted and credible awards in the banking industry, with winners chosen in more than 150 countries across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.

Founded in 1987, Global Finance regularly selects the top performers among banks and other providers of financial services and the awards have become a trusted standard of excellence for the global financial community.

Commenting on the recognition, the Group Managing Director/Chief Executive of Zenith Bank, Mr, Ebenezer Onyeagwu said that “this award is a clear demonstration of the bank’s market leadership, occasioned by our superior product offerings, best-in-class service and top-of-the-range technology which create value for our teeming customers.”

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Zenith Bank has clearly distinguished itself in the Nigerian financial services industry through superior service quality, unique customer experience and sound financial indices. The bank, with a knack for setting the pace and raising benchmarks, is a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.

As a testament to its resilience and market leadership, Zenith Bank announced an impressive result for the year ended December 31, 2019, with profit after tax (PAT) of N208.8 billion, achieving the feat as the first Nigerian Bank to cross the N200 billion mark. In the recently released Q1 2020 unaudited financial results, the bank also recorded an improved result over the corresponding period in 2019, with gross earnings rising by 6% to N166.8 billion and profit before tax (PAT) growing 3% to N58.8 billion.

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Consistent with this superlative performance and in recognition of its track record of exceptional performance, Zenith Bank was ranked as the Best Commercial Bank in Nigeria 2019 by the World Finance and the Best Digital Bank in Nigeria 2019 by Agusto & Co. The bank was also voted as Bank of the Year and Best Bank in Retail Banking at the 2019 BusinessDay Banks and other Financial Institutions (BAFI) Awards. Most recently, the bank was recognized as the Most Valuable Banking Brand in Nigeria, for the third consecutive year, in the Banker Magazine “Top 500 Banking Brands 2020” and the Bank of the Decade (People’s Choice) at the ThisDay Awards 2020.

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