You are here: HomeBusiness2019 09 30Article 784944

Business News of Monday, 30 September 2019

Source: Stanbic Bank Ghana

Stanbic Bank is CIMG Bank of the Year 2018

Some officials of Stanbic Bank Ghana in a group picture after receiving the trophy Some officials of Stanbic Bank Ghana in a group picture after receiving the trophy

Stanbic Bank Ghana has been adjudged the best bank of the year, 2018 at the 30th Chartered Institute Marketing Ghana (CIMG) National Marketing Performance Awards held at the Accra International Conference Centre (AICC) in Accra.

The award, according to the Institute, is in recognition of Stanbic Bank’s excellence in strategic marketing from market insights through the implementation of marketing mix programmes and thereby delivering excellent results. Portions of the citation for the Bank of the Year award reads:

“To have attracted the attention of our panel of evaluators with your seamless delivery of universal financial services using cutting edge digital platforms remain a feat worth celebrating…Being a large diverse business, you have cohesively hinged your continuous growth on some binding principles that have ensured harmonious co-existence both within and without…”

The citation continued: “…No wonder these commitments have endeared you to your stakeholders whose continuous patronage of your service gives you a market share of 6.3%, culminating into a total income of GHS796,461,000.00 and a shareholder value of GHS1,075,290,000.00. Your CSR initiatives in the area of health, education and agriculture and community development amongst others have left many of your beneficiaries with lasting memories of you”.

Commenting on the award, Chief Executive of Stanbic Bank Ghana, Alhassan Andani, said to be recognized as bank of the year in a year that was particularly turbulent for the banking sector is a huge endorsement.

“Evidently, 2018 was a very turbulent year for Ghana’s banking and financial sector and public trust and confidence in the financial system was waning. It was up to banks and other players in the industry to work effortlessly to restore public trust and confidence through strategic marketing communication efforts. And to be recognized as the foremost bank leading this charge means a lot to us as a bank and we are proud of ourselves”, Mr. Andani said.

Mr. Andani dedicated the award to all the employees, partners, and clients and customers of the bank for their commitment to the Stanbic Bank brand, their hard work and the confidence they have reposed in the bank over the years. The bank of the year award brings to a total of five CIMG awards for Stanbic Bank over the past five years. Previous awards include product of the year (2014), marketing practitioner of the year (2014), marketing man of the year (2015), and marketing oriented company of the year (2016).

This year’s awards, which coincides with the CIMG’s 30 years of existence was held under the theme, “Celebrating 30 Years of Promoting Marketing Excellence: Synergies for the Future.” The aim of the awards is to contribute immensely towards improvements in organizational and professional performances for practising marketers.

The awards, covered six major competitive areas including Hall of Fame; Personalities; Media/Marketing Communications Organisations; Business Organisations; Products; and Not-for-Profit Organisations.