In honor of its contributions to development, dedication to sustainable banking practices, and creative capital raising initiatives, The Bank of Industry (BOI) has received four international awards.
The bank was honored with the “Best Development Bank- Africa 2022” prize at the International Banker 2022 Banking Awards, the “Most Sustainable Bank 2022, Nigeria” prize at the World Finance Banking Awards, the “Best SME Partner Bank of the Year” prize and the “CEO of the Year” prize at the European Magazine Global Banking and Finance Awards. In the financial district of London, the awards were given out.
These accolades followed BOI’s remarkable capital-raising run, which saw $5 billion raised in total during the previous five years, all under Pitan’s direction.
Managing Director/Chief Executive Officer, Bank of Industry, Mr. Olukayode Pitan, commenting on these awards in a statement said: “We are committed to driving impact in Nigeria’s industrial sector by supporting micro, small, medium and large enterprises to achieve sustained growth that generates considerable multiplier effects such as industrialization, job creation, and poverty alleviation for the economy.”
“Our dedication to building a resilient organization that can respond to the needs of our customers and operating challenges is unwavering. In the past 5 years, we have raised over $5 billion from the International Debt Market towards enhancing our capital base to support our customers and the real sector in Nigeria. This has significantly strengthened the bank’s capacity to continue to provide the much needed finance required by Nigerian enterprises to thrive and scale-up their business operations”, Mr. Pitan added.