LOTUS Bank Gain Awards Of Recognition For Innovative Contribution To Nigeria’s Non-interest Banking Sector In Singapore—-As Nigeria’s fastest-growing non-interest bank, LOTUS Bank has received numerous honours for its creative contributions to the non-interest sector of the country’s banking sector.
At the recent Global Retail Banking Innovation Awards 2024 in Singapore, the bank received the Best Financial Inclusion Initiative and Debit Card of the Year honours. The bank also won the Businessday’s Banks and Other Financial Institutions Awards’ Ethical Banking Leadership Award of the Year (BAFI).
BrandSpur banking and finance news desk reports that these honours honour Lotus Bank’s innovation in financial services and its commitment to moral banking practices that put all clients’ needs first. In keeping with its goal, Lotus Bank has 56 locations throughout Nigeria.
The Managing Director of Lotus Bank, Mrs. Kafilat Araoye, expressed delight in these accomplishments by saying: “We are honoured to receive these awards, which validate our efforts to make banking accessible for everyone. Our team’s dedication to developing products that cater to the needs of diverse communities drives our mission forward.
“Winning the Ethical Leadership Award at the Businessday’s Banks and other Financial Institution Awards (BAFI) is particularly significant for us. It underscores our commitment to transparency and integrity in all our operations. We believe that ethical banking is essential for sustainable growth, and we will continue to lead by example in the industry,” she added.
The Best Financial Inclusion Initiative Award recognised Lotus Bank’s creative strategy for expanding underprivileged areas’ access to banking services. The bank’s main debit card program has also received praise for its easy-to-use features, which are designed to provide customers more financial control.
According to Araoye, it was the card used to check athletes from all over Africa into the Nigeria Medical Students Association Games (NIMSA), which were recently sponsored by Lotus Bank, and the Federation of Africa Students Games (FASU).
These most recent honors bear witness to the bank’s unwavering quest for excellence and dedication to improving the financial industry, BrandSpur banking, and finance news reports.
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