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BoI rated among top performing African DFIs


Rasheed Olaoluwa, MD BoI

Rasheed Olaoluwa, MD BoI

Rewards customers, staffers on impact delivery Development Finance Institutions’ (AADFI), the Bank of Industry (BoI)
has been rated among top seven performing development finance
institutions under the Association’s Prudential Standards, Guidelines
and Rating System (PSGRS).

Meanwhile, the bank has also rewarded some its customers and staffers for
renewed commitment towards impact delivery in the bank’s operations
and in the real sector.

Speaking at the bank’s impact awards night in Lagos at the weekend,
BoI’s Managing Director, Rasheed Olaoluwa explained that the awards
were designed to reward excellence and customers’ commitment towards
the growth of the real sector, adding that the bank’s staff were also rewarded for aiding the realization of the bank’s goals and objectives.

Olaoluwa noted that the bank’s recent rating by the AADFI reaffirms
the financial institution’s commitment towards industrialising the nation’s real sector.

Indeed, 46 African national institutions including 26 ordinary AADFI member-institutions and four special AADFI member-institutions and 16 non AADFI member-institutions submitted their self-assessment to the peer review for evaluation in order to identify areas of weaknesses for self-improvement.

“Today, we are celebrating impact across the real sector. No one can achieve success without the help of others. We are rewarding a team
that has worked to deliver value. We are also recognizing our customers that have impact in 2015 in their sectors”, Olaoluwa added.

Specifically, Mouka Limited was recognised as this year’s best large enterprise directorate customer in loan repayment. Innoson Technical and Industrial manufacturing was recognized as the best large enterprise directorate customer in employment generation, while Kam
Industries Nigeria Limited emerged this year’s best large enterprise directorate customer with real sector impact.

For Small and Medium Enterprises, I.O. Furniture Nig. Ltd of the
Lagos State Office emerged the best SME customer in
loan repayment; Cobef International Limited (Rivers State Office) with 210 workers.

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