Sterling Bank Wins Risk Award


For efficiently and consistently managing its risks, Sterling Bank plc has been honoured in the Banking and Investment Services category of the Nigeria Risk Award, NRA. According to a statement from the bank, the award, which was organised by Conrads Clark Nigeria, CCN limited, a United Kingdom affiliated institution in conjunction with Institute of Risk Management, UK, is to reward organisations with impressive Enterprise Risk Management practices in Nigeria.

During the presentation of the award, Adebayo Adenusi, managing director, CCN, disclosed that the process was very rigorous, transparent and professionally handled by eminent risk managers selected from different parts of the world.

He added that the commercial bank was honoured 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 its commitment to a sound, safe and stable financial institution.

Recently, the bank was issued the Payment Card Industry Data Security Standard, PCIDSS, certification. 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 six-month period

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