The Bank of Industry (BOI) has won four international awards in recognition of its developmental impact, commitment to sustainable banking principles and innovative capital raising activities.
The bank received the:
- ‘Best SME Partner Bank of the Year’ and ‘CEO of the Year’ at The European Magazine Global Banking,
- ‘Best Development Bank- Africa 2022’ award at the International Banker 2022 Banking Awards and;
- ‘Most Sustainable Bank 2022, Nigeria’ at the World Finance Banking Awards. The awards were presented in the heart of London’s financial center.
These top honours were received in wake of BOI’s impressive capital raising streak, which has resulted in a total of $5 billion raised in the last five years, under Pitan’s leadership.
Pitan achievements were also recognised by The European Magasine Global Banking and Finance Awards with the ‘Banking CEO of the Year’, which he won for the second time (first received in 2019).
“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” said Mr. Olukayode Pitan, Managing Director/Chief Executive Officer, Bank of Industry, speaking on his award.
“Our dedication to building a resilient organisation 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.
Between 2015 and June 2022, the Bank of Industry has provided funding of over $3.1bn (₦1.36 trillion) to over 4.3 million enterprises in Nigeria through direct and indirect interventions; resulting in the creation of an estimated 9.6 million jobs.
The International Banker Banking Awards were created to recognize the top organizations that set the bar for success, corporate responsibility, and technical advancement.
The World Finance Banking Awards honor businesses that empower their clients and serve a higher purpose. Similar to The European Awards, which has honored excellence, innovation, and accomplishment through its annual awards for the past ten years.
The Bank of Industry continues to support growth across various sectors leveraging the effective management of the bank’s risk management framework, effective corporate governance and sustainability structures.