Home News Female bankers who took over management in 2021, and what 2022 holds for them

Female bankers who took over management in 2021, and what 2022 holds for them

by Good News

Up unless recent years, seeing females at the helm of Nigerian banks became as soon as fairly queer. However, the upward thrust of the company woman in Africa has considered more females rising to the pinnacle of their banking careers, and even getting to the #1 keep on the government pause and even non-govt pause.

Nneka Onyeali-Ikpe, CEO, Constancy Bank
Nneka Onyeali-Ikpe opened the year with her appointment as Managing Director and Chief Government Officer of Constancy Bank on January 1, 2021. This could possibly be the first time the bank is having a female MD in barely about 35 years, and Onyeali-Ikpe bought the keep after spending about 5 years with the bank.

Onyeali-Ikpe has ample administration and govt trainings from global institutions, and she or he became as soon as already overseeing the banks industry within the six states that develop up the southwest space, and this entails Lagos mutter.

Upon assuming keep of industrial on January 1, 2021, Onyeali-Ikpe launched her plans to carry the bank to tier-one position by 2025 by an aggressive imprint refresh exercise. There were plenty of campaigns at some stage within the year, in conjunction with the initiate of a fifth season of its savings reward plan tagged Obtain Alert in Millions (GAIM) Season 5 the keep it shall be dispensing over N125 million to fortunate clients.

Right by the year, the bank has efficiently accomplished its Eurobond exercise the keep it raised $400 million from the worldwide capital markets. Constancy Bank also bagged the award for the ‘Quickest Increasing Bank’ and “MSME & Entrepreneurship Financing Bank of the twelve months ‘at the 2021 BusinessDay Banks & Other Monetary Institutions. There could be the Bafi Awards and the 2020 Pattern Bank of Nigeria (DBN) provider award for the very best disbursement to DBN targeted locations.

One could no longer ignore the nine months 2021 monetary results the keep the bank posted a 31.4 per cent development in profits to the tune of N28.1 billion. twelve months 2022 could be a year for Nneka Onyeali-Ikpe to proceed the potential in direction of making the bank a Tier-1 bank.

Yemisi Edun, MD/CEO, FCMB
Yemisi Edun became as soon as appointed to head the bank after a revolutionary 34-years+ career, 20 of which were spent in FCMB. A career that started with auditing corporate finance records of industrial institutions with Akintola Williams Deloitte, stepped forward into core banking about Two decades within the past. And now, Edun could be bringing all of it to endure with FCMB.

The unaudited results for the nine months interval ended September 2021 reveals an all-round development in Snide earnings, Loans and advances, non-hobby profits, and full assets. However, this development became as soon as evened out with an amplify in Working charges, a decline within the get hobby profits and within the profit after tax.

However, on a quarterly foundation, the crew recorded a 57% surge in its bottom line to N6.2 billion from N4 billion recorded in Q2 2021 and this reveals that there’s also more improvements coming in subsequent reports.

Hajia Halima Buba
Halima Buba, MD/CEO, SunTrust Bank
Halima Buba also bought appointed because the MD/CEO of SunTrust Bank. This appointment could private her save into the bank, her Two decades-plus banking skills gathered from plenty of banks like Allstates Have confidence Bank, Zenith Bank, Inland Bank Plc, Oceanic Bank Plc and Ecobank Nigeria Dinky.

Although the commercial Bank became as soon as licensed by the Central Bank of Nigeria in 2001 below the Banks and diversified Monetary Institution Act (BOFIA), it doesn’t appear to private crossed many milestones over the years. They look to private performed a tiny little bit of all the pieces, from commercial banking to mortgage and at some level even described as ‘Nigeria’s premier fintech bank’.

Buba has her work decrease out to her, and she or he’s going to must at the least ship the bank out into the limelight and wisely keep it on the ‘banking plot’.

Miriam Olusanya, CEO, GTBank
Also this year, Warranty Have confidence Bank, Nigeria Plc bought its first female MD after over 3 decades. After working for roughly 23 years with GT bank, Miriam Olusanya, succeeded Segun Agbaje, the now retired CEO. Although a pharmacist from her first diploma, Olusanya has a Grasp of Exchange Administration (MBA), from the University of Liverpool, and has been with GT Bank since 1998 as an govt trainee.

GT Bank prides itself on being no doubt one of the important worthwhile, nonetheless no longer excellent banks, and indeed, the bank has maintained spectacular records over the years with a community and client wicked that provides it competitive advantage. The half of-year 2021 account reveals the banks resilience with a undeniable development in charges and rate profits from N26.5billion in H1 2020 to N38.3billion in H1 2021.

Olusanya has a closer hurdle to ugly because it behoves on her to develop certain the records completely plug up.

Bukola Smith, MD, FSDH Merchant Bank
In April, Bukola Smith succeeded Hamda Ambah because the MD of FSDH merchant bank, a subsidiary of the FSDH crew. Smith has 28 years of skills within the banking commerce, with a membership of high-ranking institutes within the monetary sector.

As a subsidiary, FSDH Merchant is no longer any longer an on a regular foundation identify within the news, nonetheless we know that at some stage within the year FMDQ Securities Exchange Dinky popular the bank’s commercial paper assortment and accredited it for quotation on its platform. The assortment entails N2.28 billion Sequence 3, N1.79 billion Sequence 4, and N15.53 billion Sequence 5 commercial papers issued below the commerce’s N40 billion commercial paper issuance program.

Kafilat Araoye, MD/CEO, Lotus Bank
From maintaining the strong level for the dilapidated CEO of Lotus Bank, Kafilat Araoye became as soon as confirmed CEO of Lotus Bank when the bank indirectly bought a non-hobby banking license from the Central Bank of Nigeria in July 2021, making it the newest and third non-hobby bank in Nigeria. The bank commenced operations in September and has a bodily presence in four locations in Lagos mutter.

Araoye typically has to carry Lotus bank down the path already toed by the likes of Jaiz Bank, and invent its presence within the banking landscape in Nigeria.

Bola Adesola, Board Chairman of Ecobank Nigeria
On the non-govt facet of issues, Bola Adesola turned the first female board chairman of Ecobank Nigeria Ltd, succeeding Mr. John Aboh. Adesola is a seasoned banker as neatly, having retired from Customary Chartered Bank the keep she became as soon as the Senior Vice-Chairman, Africa; Chairperson of the Board of Customary Chartered Bank Mauritius and a Director at Customary Chartered, Ghana. She became as soon as also Managing Director/ Chief Government Officer for Customary Chartered Nigeria and West Africa for eight years with oversight over the bank’s West African subsidiaries, in conjunction with Ghana, Cote D’Ivoire, The Gambia, Sierra Leone, and Cameroun.

It has indeed been a year of many firsts for the females in Nigeria’s banking sector, nonetheless no longer a easy rush as they are clearly no longer accurate going to be sitting the whole system down to sip tea in air-conditioned offices. They private some mountains to ugly in 2022.

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