CBN, ACAMB Pledge to Redefine Banking Industry

The role of Association of Corporate and Marketing Professionals of Banks (ACAMB) in providing strategic initiatives to redefine the image of the banking industry has been emphasised.

Speaking at an engagement session during a recent meeting with officials of the Central Bank of Nigeria (CBN) and ACAMB’s Exco, the Director of Corporate Communications of the central bank, Mr. Isaac Okorafor, said increasing the synergy between CBN and ACAMB would be beneficial in championing new ideas to properly manage the image of the sector as a potent vehicle for promoting financial systems stability.

Pledging the support of CBN to ACAMB, a statement from the corporate affairs managers’ association quoted Okorafor to have highlighted frequently reoccurring customer feedbacks that have continued to form perceptions around the banking industry, such as appropriate pricing and bank charges, adding that continuous customer engagement would help clarify misconceptions.

The regulator’s spokesperson used the opportunity to inform ACAMB Exco of the objectives of various funding intervention initiatives of CBN such as NIRSAL, Agribusiness, Small and Medium Enterprises Investment Scheme, among others, being operated to enable many people get access to funding to stabilise the economy.

He added: “The next agenda of CBN is how to grow the economy in a non-inflationary manner or at best, grow side by side with moderate inflation”.

Earlier, while briefing the corporate communications team of CBN, the President of ACAMB, Charles Aigbe, said that the association’s delegation were at the CBN to present ACAMB’s strides having resuscitated the body to drive its visions, programmes and activities aimed at promoting the image of the Banking industry.

Listing achievements of the new ACAMB to include conducting election to fill positions in the Exco and ratifying same at its AGM, refurbishing and rebranding of ACAMB secretariat to a modern office ambiance, holding stakeholders engagement with colleagues, started quarterly knowledge sharing sessions, facilitating certification of qualified members with NIPR and working out same arrangement currently with APCON, launching ACAMB website and social media handles, to name a few, Aigbe stated that the programmes were with clear intentions of providing a platform to groom a vibrant association of members.

The ACAMB president prayed the CBN to give opportunity for ACAMB to make inputs to policy directions of Bankers Committee and also accept invitation to facilitate its 3rd quarterly edition of experience sharing session of the Association slated for July.