EMEA finance names Oceanic Bank best bank in Nigeria

For the umpteenth time, leading African regional bank, Oceanic bank international Plc, has again won the keenly contested 2008 best Bank in Nigeria. This time from the EMEAfinance, the UK based financial intelligence magazine covering Europe, Middle East and Africa.

Oceanic Bank International Plc was named the Bank of the Year in Nigeria by The Banker magazine, a subsidiary of the Financial Times of London.

The Banker magazine - an internationally recognised and acclaimed organization involved in providing coverage and analysis of banking and banks - has been an authoritative source of global financial intelligence since 1926.

FT Top 1000 Banks in the world

Oceanic Bank made the list of the top 1000 banks in the world.

"Aa" Rating ­ Agusto & Co.

A financial institution of very good financial condition and strong capacity to meet its obligations as and when they fall due.

"A1+","AA" - Global Credit Rating (South Africa)

"A1+": Short term liquidity is outstanding, and safety is just below that of risk-free treasury bills...

"AA" : Very high credit quality. Protection factors are very strong. Adverse changes in business, economic or financial conditions would not significantly increase investment risk

"AA" : Pharez Risk Rating

2003 CBN award for "Best Bank in Real Sector Financing" Leading investor in Small & Medium Industries Equity Investment Scheme "HIGHLY ETHICAL BANK" ­ Adjudged by CBN Bankers´ Committee on Real Sector Financing Award.