Standard Bank Group extends leading position in Africa with three major awards
9 July 2010

Standard Bank Group's growing influence across African markets received significant acknowledgement with the announcement that the banking group has been named Best Investment Bank In Africa, Best Bank in South Africa and Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010. 

The Euromoney panel of judges took into account key performance indicators including volume of business transacted, innovation and leadership, credit ratings, quality of assets and earnings, and efficiency ratios. Euromoney is a premier information source for the wholesale finance industry, reporting on capital markets, investment, foreign exchange and treasury, and regional markets. 

"These awards mark a further milestone in achieving Standard Bank's vision to connect Africa to the world and the world to Africa," says Jacko Maree, Standard Bank Group Chief Executive. 

"It is particularly pleasing to be recognised in Africa's highly competitive investment banking arena where we compete with large institutions from around the world. Being named as Best Investment Bank in Africa is further confirmation of our capacity to provide top quality services across the equity, debt and mergers and acquisitions sectors," says Mr Maree. 

"Being recognised for our work in Nigeria and South Africa as well as for our continent-wide performance affirms our decision some years ago to establish and nurture on-the-ground presence and expertise in African markets. 

"We will continue to expand our footprint and enhance our offerings as the continent's growth consolidates and its trade relations with emerging markets strengthen," says Mr Maree. 

Standard Bank has on-the-ground presence in 17 African countries 16 countries outside the continent and provides the full spectrum of corporate, advisory, transactional and investment banking services. 

In addition, Mr Maree believe that the fact that Standard Bank was also named as Best Bank in South Africa confirms its strength and ability to continue delivering strong performance in the local market even as it makes strides in other African and emerging markets. 

Mr Maree says several high-profile and successful transactions in the past year are good indicators of Standard Bank's traction across Africa. These include being the joint lead arranger for $1,6-billion funding of Botswana's Morupule B power station expansion, funding for the $330-million Kayalekera Uranium project in Malawi, and the debt financing of a total of E310-million for the Lakatabu cement factory in Nigeria. 

In the mergers and acquisitions arena, Standard Bank played a leading role in the R7,3-billion SABMiller BEE transaction, the R2,5-billion Tiger Brands BEE transaction and the raising of R3-billion in equity for Illovo Sugar. In the debt capital markets, Standard Bank was a facilitator of transactions including those for South Africa's National Treasury ($2-billion), City of Cape Town (R2-billion), and the Development Bank of Southern Africa (R860-million).

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