Wednesday, September 30, 2020

Standard Bank is Best Emerging Market- Bank in Africa

Standard Bank, trading as Stanbic Bank in Botswana, was recently selected as the Best Emerging Market Bank in Africa in the annual Global Finance magazine’s “Best Emerging Market Banks in Africa” survey.

In addition, Standard Bank Namibia and Stanbic Bank Uganda won top honours in their respective countries. Botswana is currently not represented on the survey but it will take part in the near future.

The “Best Emerging Market Banks in Africa” is an exclusive survey by Global Finance editors with input from industry analysts, corporate executives and banking consultants, where they select the best emerging market bank in Africa.

Craig Bond, Chairman of Standard Bank Africa says, “We are delighted to have received these accolades. They serve as a humbling reminder of Standard Bank’s 146 year heritage, which is particularly comforting during these turbulent times.”

Criteria for choosing the Best Emerging Market Banks winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.

Although Botswana does not participate in the survey, it is clear that Stanbic Bank Botswana played a crucial role in growing the Group’s assets and portfolio. The bank recently signed a more than P100 million deal for the financing of the first expansion of the Morupule Colliery.

The Government of Botswana also recently appointed Stanbic Bank to act as sole advisor in respect of the establishment of a BWP 5 billion Domestic Note Programme.

Commenting on this achievement, Stanbic Bank Botswana’s MD, Dennis Kennedy, said, “This is proof that we are serious about being a leading bank on the continent. At Stanbic Bank Botswana, we are proud to have made an immense contribution towards this achievement. The international accolades are made possible by the collective contribution of our team globally. In many ways, Stanbic Bank Botswana has helped the Group achieve what we have across Africa.”

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