By Odunewu Segun
Less than a month ago that Sterling Bank emerged tops among Nigerian banks in the Lafferty Bank Quality ratings, it has again bagged the ‘Best Bank in Nigeria’ in the Banking and Investment Services category of the Nigeria Risk Award for 2015.
While receiving the award at the Nigerian Economic and Social Risks Summit in Lagos, Executive Director, Finance and Strategy of Sterling Bank, Mr. Suleiman Abubakar, assured its stakeholders that the bank would continue to put the necessary structures in place to ensure adequate risk management.
Abubakar said Sterling Bank is committed to best practice in risk management. “This informs why we have continued to fortify our Risk Management team and provide adequate training programmes to ensure that they are up-to-date in current risk management practices worldwide.”
He said the award would serve as a morale booster for the bank to further improve its risk management processes and sustain its leadership position; adding that the award was based on the bank’s risk management practices and the entrenchment of a risk management culture within the bank.
Sterling Bank defeated several other banks, Insurance companies and other players in the financial services sector to clinch the award.