Global Trade Review (GTR) has awarded RMB Botswana the Best Trade Finance Bank in Botswana for 2015. GTR is a leading global news source, publisher and analyst organisation for the global trade, commodity, export and supply chain finance industries.
The GTR award considers the performances of financial institutions in areas including turnaround time, reliability with service delivery and in-depth knowledge of their local market. Candidates for consideration include banks, insurers, law firms, and government bodies who also engage in cross-border trade activities.
Head of RMB Botswana, Pauline Motswagae said the healthy balance sheet which is part of the FNB Botswana Group, is the largest in the country; adding that they have also found success in the small and medium-sized enterprises market with a tailored product and a strong offering. Motswagae said these are some of the factors which have given the bank a unique advantage in the market.
“It is always such an honour to receive recognition from our valued stakeholders and top watchdogs in the financial industry for our hard work and standing in the market,” she said.
She further stated that currently, RMB Botswana has two major trade offerings, one of which is documentary trade and facilitating flows between importers and exporters, most of which are in Asia, more specifically China, and also in South Africa. She added that other offerings include advancing finance to trade clients to support their working capital.
“We pride ourselves on providing high quality and competitive trade and investment solutions for our valued clients who are some of Botswana’s market leaders and game changers,” Motswagae stated.
She believes that as a bank they are fortunate to be operating in an African environment that counts as one of the most conducive for business operations adding that they will continue to play a major role in transactions that reap quality returns for their clients but also diversify Botswana’s economic landscape.
Recently RMB Botswana took part at the Botswana Stock Exchange (BSE)’s listings conference that gave the bank an opportunity to provide information to interested companies on the benefits of listing on the stock exchange.