EB-Accion Savings & Loans Ghana wins Best Microfinance award at 2011 African Banker Awards

On Sep 30, 2011

Ghanaian company, EB-Accion Savings & Loans Company, has been adjudged the best “Microfinance Institution/Project of the Year” at the 2011 African Banker Awards which was held September 23, 2011 in Washington DC.

EB-Accion was the only Ghanaian financial institution that won an award during the ceremony which coincided with the International Monetary Fund/World Bank annual meeting.

Established in 2006, EB-ACCION is jointly owned by ECOBANK Ghana (70% shares) and ACCION (30% shares) through its investment subsidiary, ACCION Investments.

At the same event, Standard Bank Group of South Africa was named African Bank of the Year with Mr. James Mwangi, Managing Director & CEO of Kenya’s Equity Bank awarded the African Banker of the Year.

In all, 13 individuals and companies were given awards.

Organised by the African Banker Magazine and IC Events, the Awards, which brought together about 300 key industry players and top government officials from Africa and around the world, celebrates excellence and best practices in African banking.

Below are the winners of African Banker Awards 2011

African Bank of the Year
· Standard Bank Group, South Africa

African Banker of the Year
· James Mwangi, Managing Director & CEO, Equity Bank, Kenya

Best Local Bank
· Millennium BIM

Deal of the Year
· Golden Sugar Refinery Project, Stanbic IBTC Bank, Nigeria

Investment Bank of the Year
· EFG-Hermes, Egypt

Investment Fund/Private Equity Fund of the Year
· Actis, United Kingdom

Microfinance Institution/Project of the Year
· EB-Accion Savings & Loans Company, Ghana

Most Innovative Bank of the Year
· FirstBank of Nigeria

Socially Responsible Bank of the Year
· National Bank of Egypt

African Banker Icon
· Adebayo Ogunlesi

Central Bank Governor of the Year
· HE Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda