Diamond Bank partners Rivers State on wealth creation, poverty reduction


Diamond Bank PLC, Nigeria’s leading commercial bank, has partnered with the Rivers State Government on Wealth Creation and Poverty Reduction (WCPR) summit 2013 with the theme “Developing an Effective Comprehensive Framework for Wealth Creation and Poverty Reduction in Rivers State.”

The event, which was held recently in Port Harcourt, the Rivers State capital, is an initiative of the state government, through the Rivers State Office of the New Partnership for Africa’s Development (NEPAD) and the Rivers State Sustainable Development Agency (RSSDA).

It was facilitated by notable speakers among who were H.E. Jose Maria Figueres, Former President, Republic of Costa Rica, Hon. Aminu Tambuwal, Speaker, House of Representatives, Dr. Mostaq Ahmed, Founder ICMSE and Mrs. Shimite Katung, President, NQBWA.

Other facilitators included Dr. Alex Otti, GMD/CEO of Diamond Bank, Prof. Patrick Utomi, Founder/CEO, Centre for Values in Leadership, Dr. Patrick Kormawa, Country Representative, UNIDO and Prof Kevin Urama, Director, ATPS while Mr. Rotimi Amaechi, Executive Governor, Rivers State was the special guest of honour.

The purpose of this year’s summit was to develop a clear path to poverty reduction, using the tools of effective agricultural, job creation, entrepreneurship and MSME development strategies.

Diamond Bank is one of the leading banks in Nigeria that is presently supporting Micro, Small and Medium Enterprises (MSME) to grow businesses through capacity building, under its BusinessExpress Enterprise Series.
The bank is supporting the growth of SMEs because it recognize that the future of a nation lies in the hands of entrepreneurs, so any energy expended in building up that sector cannot be wasted. It is something that is going to benefit the economy in years to come.

The business express seminar is a complete package of everything a bank could provide to a small business to enable it grow. The BusinessExpress Enterprise Series is an initiative of the Diamond BusinessXpress Account (DBXA). It is a current account designed to meet the needs of MSME such as hotels, supermarkets, businessmen, professionals, travel agencies, trading outfits, schools, churches, fast food outlets, restaurants, clubs and entertainment outfits.

The DBXA account is available in three variants: Starter, growing and established; adding that it was designed to add value to micro, small and medium scale enterprises so that entrepreneurs could grow their business with smart banking.

Diamond Bank recently concluded its Annual Performance Review exercise. This is in line with global best practices where institutions periodically review their human resource talent as a means of driving their corporate growth agenda.

According to Mrs. Ayona Trimnell, Head, Corporate Communications, Diamond Bank PLC, “The recent performance review is an annual exercise for us at Diamond as we seek to continuously recognize and reward members of staff who have excelled. We believe that the Bank’s performance is linked to the quality of the staff it retains.

“As such, in the last few days, 677 staff members who have excelled have been promoted, while 61 members of staff, who have consistently performed poorly over the last three years, have been disengaged.”

The statement also indicated that the performance review exercise is hinged on the Bank’s Enterprise Assessment Framework called the Balanced Score Card. The framework spells out carefully itemized parameters with which members of staff are measured and these parameters are communicated to all staff at the beginning of each financial year. With well over 1,600 new recruits in the last financial year, of which 1,352 are fresh graduates from reputable universities around the country, Diamond Bank is the largest employer of talent in the Nigerian banking industry.

The bank boasts of a robust personnel engagement strategy that helps it to continually attract and retain the best talent in the industry. This is in fulfillment of its corporate vision of becoming a leading financial institution, with the best people, providing unequalled customer experience and delivering superior shareholder value.



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