L
LequteMan
Guest
The Association of African Development Finance Institutions (AADFI) in a statement on Tuesday has rated Nigeria Export-Import Bank (NEXIM) as “Best Performing African Finance Institution” following the outcome of the 2013 annual AADFI CEOs Forum of African Development Bank and Finance Institutions.
The forum, held in Mombasa, Kenya, had the theme, “Strengthening African DFIs with Appropriate Standards and Guidelines’’.
The Managing Director of NEXIM Bank, Mr Roberts Orya, said that the ‘A’ rating by AADFI was a well-deserved reward for the bank.
He attributed the rating to the commitment and dedication of the bank’s management and staff in the four years rebuilding of the financial institution.
He said that the bank’s A rating from a negative position in 2011 by AADFI was a testimony of ìts successful corporate transformation initiative since August 2009.
He identified the shareholders as Central Bank of Nigeria (CBN) and Federal Ministry of Finance, which had offered supervisory, regulatory, oversight and guidance support to the bank.
The forum, held in Mombasa, Kenya, had the theme, “Strengthening African DFIs with Appropriate Standards and Guidelines’’.
The Managing Director of NEXIM Bank, Mr Roberts Orya, said that the ‘A’ rating by AADFI was a well-deserved reward for the bank.
He attributed the rating to the commitment and dedication of the bank’s management and staff in the four years rebuilding of the financial institution.
He said that the bank’s A rating from a negative position in 2011 by AADFI was a testimony of ìts successful corporate transformation initiative since August 2009.
He identified the shareholders as Central Bank of Nigeria (CBN) and Federal Ministry of Finance, which had offered supervisory, regulatory, oversight and guidance support to the bank.
