Stanbic IBTC Bank has received top honours at the Cosmopolitan The Daily Business Awards, securing two prestigious titles — Best Cash Management Bank in Nigeria and Best Trade Finance Bank in Nigeria. The awards were announced in a statement by the bank on Wednesday, highlighting its consistent commitment to delivering excellence in financial services and supporting economic growth.
The Cosmopolitan The Daily Business Awards is a global recognition platform that celebrates outstanding achievements across the public and private sectors. It aims to spotlight companies that demonstrate innovation, creativity, and the ability to create lasting value in their industries. For Stanbic IBTC Bank, these accolades mark another milestone in its track record of delivering impactful banking solutions to businesses and individuals.
Commenting on the awards, the Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, Mr. Eric Fajemisin, expressed pride in the recognition. “We are honoured to be recognised as Nigeria’s Best Cash Management Bank and Best Trade Finance Bank at the Cosmopolitan The Daily Business Awards. These awards are a reflection of our steadfast commitment to excellence and innovation in financial services,” he said.
Fajemisin noted that the bank’s mission goes beyond providing basic banking services, emphasising the role of tailored financial solutions in empowering clients. “At Stanbic IBTC Bank, we believe in empowering our clients by providing tailored solutions that drive their success and foster economic growth in Nigeria. This achievement motivates us to continue setting high standards and delivering exceptional value as we navigate the evolving landscape of banking together,” he added.
The award for Best Cash Management Bank recognises Stanbic IBTC’s expertise in helping businesses improve liquidity, manage working capital, and optimise cash flow. This is achieved through customised cash management solutions that cater to the diverse needs of corporate clients. On the other hand, the Best Trade Finance Bank award acknowledges the bank’s success in facilitating international trade. By providing financing options, guarantees, and advisory services, Stanbic IBTC has helped Nigerian businesses engage in cross-border transactions and expand their global footprint.
The Head of Transaction Banking at Stanbic IBTC Bank, Mrs. Jesuseun Fatoyinbo, also highlighted the importance of the recognition. “These accolades are not just honours; they reflect the bank’s relentless pursuit of excellence and commitment to fostering economic growth in Nigeria. Together, we will continue to redefine what is possible in transaction banking,” she said.
Stanbic IBTC Bank has been a key player in Nigeria’s financial sector, offering services that range from corporate and investment banking to personal and business banking. The bank’s focus on technology-driven solutions, operational efficiency, and customer satisfaction has helped it maintain a strong position in the highly competitive Nigerian banking industry.
Industry analysts note that winning both awards in the same year signals the bank’s well-rounded capability in both domestic financial management and international trade facilitation. As Nigerian businesses face global competition, access to efficient trade finance and effective cash management services becomes increasingly important for growth and sustainability.
The bank reaffirmed its commitment to innovation, stating that it would continue to introduce value-added services to help clients thrive in a fast-changing economic environment. By combining global best practices with a deep understanding of the Nigerian market, Stanbic IBTC Bank aims to maintain its leadership position and support the country’s economic progress.
