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HomeBusinessAccess Bank Named ‘Nigeria’s Safest Bank’ By Global Finance

Access Bank Named ‘Nigeria’s Safest Bank’ By Global Finance

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By Babajide Okeowo

Global recognition has come the way of one of Nigeria’s leading banks, Access Bank Plc as global Finance has named the bank the ‘Safest Bank’ in Nigeria in 2020.

The bank secured this recognition for its efforts towards ensuring the protection of customer funds and data.

Reacting to the development, Chief Executive Officer of Access Bank Plc, Herbert Wigwe, said:

“Throughout 2020, financial institutions all over the world have been faced with peculiarities in safeguarding the finances and data of customers.

Through this Access Bank has remained steadfast in its commitment to ensuring that the finances of customers are protected and the data confidentiality of all stakeholders is maintained. This recognition serves as an encouragement for us to build on our successes and invest even more in digitally-led measures that will position us as the World’s Most Respected African bank” he said.

On his part, the Publisher and Editorial Director of Global Finance, Joseph Giarraputo, said:

“For most of 2020, the world has been lashed by the COVID-19 pandemic, a steep drop in economic activity and, in some cases, serious social unrest. Any of these developments could have significantly impacted banks’ creditworthiness. Surprisingly, however, the relative position of the world’s largest banks on Global Finance’s World’s Safest Banks 2020 lists has been mostly stable” he said.

Global Finance’s rankings of the World’s safest banks has been recognised and trusted standard of financial counter-party safety for more than a quarter-century.

The safest banks by country were selected through an evaluation of long-term foreign currency ratings – from Moody’s, Standard & Poor’s and Fitch – and the total assets of the 1000 largest banks worldwide.

This is part of the platform’s 29th yearly World’s Safest Banks rankings.

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