Stanbic wins best Botswana bank award
Staff Writer | Thursday December 15, 2016 14:08
Standard Bank Group was named Regional Bank of the Year for Africa and also scooped Bank of the Year accolades in Malawi, South Africa, Swaziland, Tanzania and Uganda.
The Banker’s judging panel reported that the Standard Bank Group’s operations in all six African countries had made the most progress over the 12 months, not only in terms of strong financials, but also in the wide range of initiatives, which the bank undertook during this period.
In particular the awards recognised the strong management, sound business model and clear and effective strategy delivered consistently by the banking group across multiple jurisdictions.
Chief Executive of Stanbic Bank Botswana, Leina Gabaraane, said, “We are delighted that these awards have recognised our sustained investment in the corporate and investment banking space in recent years”.
Standard Bank, Africa’s largest bank by assets, is present in 20 markets across the continent and in major global financial centres.
The banking group focuses exclusively on Africa, blending its global capabilities with local insights through established relationships that deliver a truly universal banking proposition to private, wealth, business, corporate and sovereign clients across the continent.
The Industrial and Commercial Bank of China (ICBC), the world’s biggest bank, holds a 20% stake in Standard Bank. Through ICBC the Standard Bank Group provides renminbi trading capabilities across the continent, linking Africa with the world’s fastest growing economies.
“These awards correctly reflect our ability to serve clients across the continent through our physical network in Africa - and by linking Africa to markets and investors in the rest of the world,” said Gabaraane.