The Agricultural Development Bank (ADB) has been acknowledged as one of the banks that have shot up fastest in the latest ranking of Africa’s Top-200 Banks. In its yearly list published in the August-September 2011 edition, The Africa Report survey rewarded ADB with a gain of 27 places to attain the 154 spot in the rankings.
The magazine noted that the best-performing banks in the list were those which achieved larger asset base, more profits, expanded branch networks, and new customer-centred operations. In addition to getting bigger, such banks got better in their corporate governance, information technology, systems and back office, and human resources management, healthier and more productive.
“I am really excited about the ranking. It shows the early gains of my bank’s three-year strategic plan (2010-2012),” Mr. Stephen Kpordzih, Managing Director of ADB said in reaction to the publication.
The Africa Report is an English-language monthly magazine that focuses on African politics and economics. Created in 2005 by Paris-based group Jeune Afrique, The Africa Report has established itself as the international publication of reference dedicated to African affairs.With contributions from African and international journalists, in-the-field writers reporting from every region, as well as renowned specialists on the continent’s politics, economy, industry and governance, The Africa Report guarantees in-depth, on-the-ground reportage for decision-makers and investors active in Africa. It is relied upon for the expertise of an independent editorial team in its surveys, sector reports and country focus published in each issue.
The Africa Report won the 2006 and 2007 Diageo Africa Business Reporting Award for Best Publication.