As part of efforts to reward commitment and dedication to duty, Ecobank Nigeria has promoted 682 of its staff. The promotion took effect from 1st of May 2021.
The number of staff affected by the promotion exercise represents 26% of the bank’s core staff.
The managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan, said in a statement in Lagos that in spite of the impact of the COVID-19 pandemic and all the attendant impact on business performance globally, the bank felt the need to recognize and reward its employees for their efforts and commitment.
He stated that the exercise was in alignment with the unrelenting desire of the bank to grow its people. It was also part of steps by the bank to realign its work force for enhanced efficiency, in line with best practices.
The MD said employees remained the greatest asset to maintain high quality standards, which would constantly improve on customer satisfaction and improve the Ecobank brand experience.
He declared: “It is commendable that the Board and Management of Ecobank Nigeria exceptionally approved the promotion exercise at this time. As we progress on the journey to becoming the Bank of choice in Nigeria, the empowerment and growth of our people remain a critical cornerstone for achieving the desired market leadership, the Ecobank brand promise, and a respectable return to our shareholders. We are re-building our Bank and our people continue to be the most valuable contributors to our present and future success. While these individuals have been recognized at this time, it by no means belittles the contributions of other colleagues who have also done well. The promotion is a continuous exercise and all hard working employees will eventually be promoted”.
The Managing Director advised the staff to continue to grow the bank and delight its customers so that Ecobank can achieve its desired target of becoming the preferred bank in Nigeria and contribute positively to the growth of the Ecobank Group and Africa.
“As a bank”, he stated, “we remain committed to prioritizing the development and career growth of our people and ensuring commensurate recognition continues to apply to all other deserving staff”.
The promoted staff were selected through Ecobank Group’s standardized performance management system – an in-house developed performance management system which uses both financial and non-financial metrics to appraise staff.
In addition to the staff promotion exercise, the bank has also recruited the first batch of 60 new entry-level trainees into its workforce as part of its growth agenda. The new employees will be absorbed into the bank’s training programme at the state-of-the-art Ecobank Academy in Lagos. This is part of the bank’s deliberate policy to train and equip its workforce in line with its transformation drive to make the bank the most preferred financial institution in the country. The rigorous training of new staff is targeted at preparing the graduates to better serve customers in a convenient and accessible manner.