Nigerian banks rank well in the world in terms of their overall quality, according to Lafferty Bank Rat- ings, which scores banks world- wide for their overall quality.

A cross border comparison shows that Nigeria ranks about 34.0, higher than South Africa which ranks 30.0, Canada 23.0, US 20.0, Australia 22.0, and Eu- rope 18.0.

Nigerian banks financial ra- tios are particularly good and their overall ratings will improve considerably when they devote more attention to the qualitative aspects of their annual reports – including clear statements on their strategies (and how they will be achieved), culture, customer satisfaction and so forth, Mi- chael Lafferty, chairman, Lafferty Group said in Lagos yesterday.

Lafferty who was delivering a paper at the Annual Guest Lec- ture organised by the Chartered Institute of Bankers of Nigeria (CIBN),further said Nigerian banks are at about the same stage of development in retail banking as their Indonesian counterparts, though they lag when it comes to cards and payments.

However, Nigerian banks future potential lies primarily in retail banking, he said.

On the other hand, Nigeria is said to be the largest market for Retail Banking Academy (RBA), accounting for around 20 per- cent of the current body of RBA candidates.

The Retail Banking Academy was launched in 2011, in re- sponse to the request by client banks all over the world who had been complaining for years that profesional retail banking education was not available Presently, over 5,000 bankers in some 80 countries are studying for the Academy qualifications in retail banking and cards and payments.

The designations are Certified Retail Banker (CRB) and Certified Cards and Payments Professional (CCPP). Nigeria already has one fully qualified Certified Retail Banker, who has successfully completed the requirements to achieve full certification.

In the coming year, that num- ber will potentially rise to 30 and in two years’ time, Nigeria will have up to 74 Certified Retail Bankers working in the sector, Lafferty said.

“We are now entering another phase in this market – and are proud to be partnering with the CIBN to bring world-class retail banking education to the entire industry in Nigeria. We have similar partnerships in many other countries and all are contributing to the mission of professionalis- ing retail banking around the world”, he said.

Senior retail bankers from 14 African countries who met in Cape Town last week, agreed to establish Retail Banking Coun- cils for Africa (RBCA) with the aim of promoting the develop- ment of retail banking across the continent – particularly through the growth of deposits and bank- ing penetration.

Speaking on the theme, “How competitive Nigeria is in the global retail banking landscape”, Lafferty said retail banking can only reach its full potential if it is run through a separate bank – whether this be stand-alone or within a broader banking group.

If it is part of the latter, the group CEO must also be a believer, he observed.

“Nigeria is now well-placed for the take-off of transparent con- sumer lending. Central bankers should build on this by learning as much about retail banking, as you already know about the capi- tal markets, investment banking and corporate banking.

Source:http://www.nairausd.com/2015/06/nigerian-banks-ahead-us-safrica-europe.html

Okies

Maczeelly:
Okies

Welcome development.

This sounds like a crappy release from one loquacious Lai Mohammed and his APC forgery machine. .

owobokiri:
This sounds like a crappy release from one loquacious Lai Mohammed and his APC forgery machine. .

Easy bro,we all hope for a better NIGERA

My deposit is working!

Really ?

owobokiri:
This sounds like a crappy release from one loquacious Lai Mohammed and his APC forgery machine. .

You may not be far from the truth. There are too many lies in this country since the emergence of APC.

If truly it's a credible ranking, well, thank God.

This ranking is a joke please!!!....and I don't know what APC o PDP as do do with this ...people just don't know how to separate politics fom other issues

cyprus000:
[size=13pt]
Lalasticlala oya show here.

It's time to celebrate our own.

---

This is what APC and PDP rivalry can do to your brain.
You begin to view everything politically.
If your wife miss her period,na APC cause.
If you mess for nyash,na PDP cause.
If you sleep for work and your employer sack you,na PDP and APC do collabo make your oga sack you.
Bro,you need to go on rahab.

[/size]

Thank you very much.. I wonder how this country can be better with such set of people who never see anything good about Nigeria..
Pathetic.

babyfaceafrica:
This ranking is a joke please!!!....and I don't know what APC o PDP as do do with this ...people just don't know how to separate politics fom other issues

Must everything about Nigeria be between PDP AND APC.

owobokiri:
This sounds like a crappy release from one loquacious Lai Mohammed and his APC forgery machine. .

You dont know yourself oo . So, had this come from the white man that your types always see as God, tell me you wouldn't have recieved it line, hook and sinker?

Your types should be barnished from this country of ours. You are one unpatriotic son of disapointment.

Where do I start.. sigh.. never mind

Na Liar Mohammed write the report

cyprus000:

[size=13pt]
I tell you apple.

This guyz can't see beyond their bigotry and the sickening part is that.
They don't even know what they are fighting for or what they are defending.
Trust our politician na!
They won't hesitate to feed on their gullibility and they leta dump them.

the circle continues lyk that and you still see this set of youths complain of under developement,when bigotry have blinded them and they can't hold their politician's to ransom for not upholding their mandate in piloting the affaire of governance.

It is really a sorry sight,in naija political sphere.
[/size]

True talk bro.

Funniest part is that they blame the leadership of the country.

Finally here's something to cheer 'bout Phew!

cyprus000:

[size=13pt]
I tell you apple.

This guyz can't see beyond their bigotry and the sickening part is that.
They don't even know what they are fighting for or what they are defending.
Trust our politician na!
They won't hesitate to feed on their gullibility and they leta dump them.

the circle continues lyk that and you still see this set of youths complain of under developement,when bigotry have blinded them and they can't hold their politician's to ransom for not upholding their mandate in piloting the affaire of governance.

It is really a sorry sight,in naija political sphere.
[/size]

Exactly! Political bigotery has become a virus blindfolding the views of most of today's youths. That is why this country will continue to suffer the way it is now.

babyfaceafrica:
This ranking is a joke please!!!....and I don't know what APC o PDP as do do with this ...people just don't know how to separate politics fom other issues

i believe this rating Nigerian banks are very very good imagine getting money from anywhere around the world without Iban code withing 24hours even countries with Iban codes find it hard to complete transaction withing 24hours,beside usa bank are not living up to expectation only less than 10 banks in the USA can beat Nigerian banks out of over 100 banks,most usa banks can not even make international transactions

Op dem flit your brain to compare nigerian bank with banks in Canada . Stop that insult oooooooooo. In the next 10yrs nigeria banks never even start d race not to reach canada come pass them. I laugh at your stupidity

Norada:
Op dem flit your brain to compare nigerian bank with banks in Canada . Stop that insult oooooooooo. In the next 10yrs nigeria banks never even start d race not to reach canada come pass them. I laugh at your stupidity

Inferiority complex.

Norada:
Op dem flit your brain to compare nigerian bank with banks in Canada . Stop that insult oooooooooo. In the next 10yrs nigeria banks never even start d race not to reach canada come pass them. I laugh at your stupidity

If you believe in what you are doing, then let nothing hold you up in your work. Much of the best work of the world has been done against seeming impossibilities. The thing is to get the work done.

Dale Carnegie

Charpell:

If you believe in what you are doing, then let nothing hold you up in your work. Much of the best work of the world has been done against seeming impossibilities. The thing is to get the work done.
Dale Carnegie

Thanks bro