Press Release
For efficiently and consistently managing its risks, Sterling Bank Plc has been honoured in the Banking and Investment Services category of the prestigious Nigeria Risk Award (NRA).
The award according to a statement from the bank, was organised by Conrads Clark Nigeria (CCN) Limited; a United Kingdom affiliated institution in conjunction with Institute of Risk Management UK to reward organisations with impressive Enterprise Risk Management practices in Nigeria.
The umpire affirmed that ‘Sterling Bank was being honored with the award based on its upscale risk management practice. This according to the institution, has led to significant contribution to the entrenchment of a risk management culture within the bank and a commitment to a sound, safe and stable financial institution.
The lender said it was issued the Payment Card Industry Data Security Standard (PCIDSS) certification on February 8th 2013. According to the Qualified Security Assessor (QSA), Sterling Bank remains the only bank that has achieved the fastest turnaround time between the project commencement and obtaining certification. This, according to the statement, was achieved within a remarkable 6-month period.
“This certification attests to the security of card related transactions of Sterling Bank as one of the safest in the Banking Industry,” the statement added.
According to Mr. Joachim Adebayo Adenusi, the Managing Director of CCN, who spoke at the presentation of the award, the medal process was very rigorous, transparent and professionally handled by eminent risk managers selected from different parts of the world.
Sterling Bank Plc is one of the leading commercial bank in Nigeria and one of the country’s fastest growing banks.
Source: Sterling Bank Plc
