India: AfDB unveils winners of 2017 African Bankers Awards

Ahmedabad, India (PANA) - Winners of the 2017 African Banker Awards were announced at a prestigious Gala Dinner in Ahmedabad, India, venue of the 52nd Annual Meetings of the African Development Bank (AfDB).

The Awards, held annually on the fringes of the Annual Meetings of the AfDB, celebrate excellence in banking and finance on the African continent.

According to the AfDB media outlet, "No one country dominated the awards this year. It said that the President of Afreximbank, Benedict Oramah, won the Banker of the Year award. His bank has grown considerably in the past year, whilst other metrics, such as income to cost ratio were very competitive.

Nigerian bank, GT Bank beat off competition from five shortlisted nominees to win the coveted 'African Bank of the Year Award'. GT Bank posted 37% in profits in 2016, despite difficult trading conditions in its main market Nigeria.

The 'Lifetime Achievement Award' was presented to an institution for the first time, as opposed to an individual. This is recognition to the outstanding contribution to African banking that Citi as an organisation has done since it has started operating in Africa and in shaping some of Africa's leading bankers, many of who have led the growing number of African financial institutions across the continent.

Waheed A. Olagunju, acting CEO and Managing Director of Bank of Industry, was honoured with this year's African Banker Icon award, which recognizes a banking career that spans over two decades.

Senegal’s Amadou Ba won the Finance Minister of the year award. He has managed to successfully steer the Senegalese economy which is today one of the best performing ones in Africa. Only last week, Senegal issued a Eurobond that was seven times oversubscribed.

The 'African Central Bank Governor of the Year' accolade was awarded to Mauritius' Rameswurlall Basant Roi. Mauritius today is one of Africa’s leading financial capitals and this is largely the work of the Governor. Its financial services sector is one of the strongest in Africa and it has thriving capital markets.

Below is the list of the award winners:-

Banker of the Year
Benedict Okey Oramah, President, Afreximbank.

Bank of the Year
GT Bank Group.

Minister of Finance of the Year
Amadou Ba (Senegal).

Central Bank Governor of the Year
Rameswurlall Basant Roi (Mauritius).

Best Retail Bank
Equity Bank (Kenya).

Investment Bank of the Year
Rand Merchant Bank (South Africa).

Award for Financial Inclusion
Caisse Centrale de Garantie (Morocco).

Groupe Crédit Agricole (Morocco).

Ecobank - MasterCard.

Deal of the Year – Equity
OGP sale to Helios (Argentil).

Deal of the Year – Debt
Helios Towers, US$600m debut High Yield Offering (Standard Bank).

Infrastructure Deal of the Year
AFC and Harith Asset Merger (Africa Finance Corporation).

African Banker Icon
Waheed A. Olagunju, Bank of Industry.

Lifetime Achievement Award

Best Regional Bank in North Africa
Attijariwafa Bank.

Best Regional Bank in West Africa

Best Regional Bank in Central Africa
Trust Merchant Bank.

Best Regional Bank in East Africa
KCB Bank.

Best Regional Bank in Southern Africa
Mauritius Commercial Bank.
-0- PANA VAO/AR 24May2017

24 may 2017 16:36:05

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