Standard Bank Group has been recognised by Global Finance magazine as the "World's Best Emerging Markets Bank"in four African countries.
The accolade was awarded to Standard Bank Group's operations in Democratic Republic of Congo (Standard Bank Congo); Namibia (Standard Bank Namibia); South Africa (Standard Bank South Africa) and Uganda (Stanbic Bank Uganda).
Chris Newson, Chief Executive of Standard Bank Africa, says: "We are delighted to win this recognition from a leading publication in the sector. This demonstrates yet again Standard Bank's expertise and leadership in key African markets.
"Global Finance's recognition is particularly significant as it is an acknowledgement of our commitment to our clients across Africa. In addition, it highlights our depth of expertise, the benefit of our domestic operations in African markets and our ability to facilitate cross border transactions. "Standard Bank is uniquely positioned to provide clients with solutions across a broad product range, together with deep sector expertise and service excellence."
Joseph Giarraputo, publisher of Global Finance, says the criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. This is the 20th year that the magazine has selected top banking performers in emerging markets.
"Each region and individual country presents unique challenges for banks and their customers, especially under the difficult conditions global financial markets continue to face. For this reason, customers must depend on excellence in execution from their banking partners. These are the banks that are providing best-in-class solutions for these distinctive markets," says Giarraputo.
Standard Bank Group facilitation of Woolworths' ground-breaking acquisition wins Deal of the Year ....
Standard Bank Arranges USD 1.25 Billion Eskom Bond Sale to International Investors