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Banks clinch top awards on transparency, integrity

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Customers at a banking hall in Nairobi. FILE PHOTO | NMG

The Institute of Certified Secretaries has awarded NIC #ticker:NIC and ABC banks Finance and Investments trophies in the just-ended Champions of Governance Awards 2018.

Listed NIC Bank emerged first while first runners up ABC Bank defended its position for the fifth time with the judges citing its heavy investments in modernising IT infrastructure that facilitated innovation of new products and processes.

Insurer ICEA was the second runners up.

ABC Group managing director Shamaz Savani said the award reaffirmed commitment to the principles of transparency, integrity and accountability which safeguard customers and employ efficient practices in providing quality service and products.

"It is a reflection of who we are as a corporate entity. This recognition is a result of our observance of an open culture that transcends all our daily activities and interactions at all levels,” said Mr Savani.

The awards promote good governance practices and inspire professionals to embrace the principles of responsibility, accountability, fairness and transparency.

The statutory institute represents certified professional secretaries in the country.