Stanbic Bank Botswana parent, Standard Bank, has been ranked as the most valuable banking brand in South Africa, and on the African continent, for 2023 for a second year in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. The bank also increased its brand value by over 10% in the last year to reach over $1.74 billion US dollars.
Every year, Brand Finance puts 5 000 of the biggest brands to the test, and publishes nearly 100 reports, ranking brands across different sectors and countries. The world’s top 500 most valuable and strongest banking brands are included in the annual Brand Finance Banking 500 ranking.
Sim Tshabalala, Standard Bank Group Chief Executive, says: “We’re delighted that we continue to lead as Africa’s most valuable brand. It’s the independently assessed indication that our business model – with its focus on providing consistently excellent service and complete banking, asset management and insurance solutions to our clients – is paying dividends.”
In 2019, Standard Bank began a journey that fundamentally redefined its business. The Group’s purpose of “Africa is our home, we drive her growth”, aims to connect Africa to the world in pursuit of inclusive and sustainable growth for the continent.
Stanbic Bank Botswana celebrates this achievement for the Group as a whole, committed to continuing to live the brand in Botswana and, crucially, to deliver shared value for and with Batswana. “This is an incredible victory for all in the Standard Bank family, and we celebrate with our colleagues across the continent. The Stanbic Bank Botswana team continue to work tirelessly to ensure that we consistently deliver exceptional client experiences for all our customers here in Botswana and deliver on our brand promise “It Can Be”, said Stanbic Bank Botswana Chief Executive, Chose Modise.