Diamond Bank voted African Bank Of The Year
Diamond Bank was in the early hours of Thursday, January 15, 2009, voted Nigeria's Bank of the Year at the 14th Annual ThisDay Awards Festival 2009 held in Abuja. The award was in recognition of the Bank's sterling performance and resilience even in dire times.
Diamond Bank clinched the top honour in a highly competitive field that included other industry players like First Bank, Intercontinental Bank, Stanbic IBTC Bank, and Standard Chartered Bank.
While receiving the award, Group Managing Director and Chief Executive of the Bank, Mr. Emeka Onwuka, attributed the milestone to the support and confidence reposed in the bank by customers and shareholders. He commended the Board of Editors of ThisDay Newspapers and other stakeholders for recognizing Diamond Bank's contribution towards shaping the Nigerian financial landscape. Mr. Onwuka dedicated the award to employees, customers and shareholders for their role in taking the Bank to the top of the premier league of banks in Nigeria.
Only last year, Diamond Bank was voted The Most Improved Bank of the Year at the Annual ThisDay Award Festival. The Bank had also won the Best Bank in Mergers and Acquisition in 2007 following the seamless takeover and integration of former Lion Bank in 2005, adjudged to be the 1st acquisition consummated by any bank in Nigeria during the Banking Consolidation. The current award is an attestation to its excellent performance in a year in which it rewarded investors with both dividend and bonus payment.
Diamond Bank is renowned for its innovation and pace-setting role in the Nigerian financial landscape. In 2008, Diamond Bank became the first African Bank to be listed on the Professional Securities Market (PSM) of the London Stock Exchange (LSE) following the official listing of its $500million Global Depositary Receipts (GDRs). The Bank is also known to be the first Nigerian financial institution to venture into Francophone West Africa with the establishment of a subsidiary in Republic of Benin.
As part of its universal banking strategy, Diamond Bank has investments in promising financial services sub-sectors, including insurance, mortgages, and pension fund custodial. Over the years, these have improved the growth, earning mix, profitability, and investor value of the Bank.