Stanbic, Barclays, FNBB win banking awards

Recently, World Finance, a global publisher of several financial titles, announced First National Bank Botswana (FNBB) as the country's best commercial bank, Stanbic Bank Botswana as the best investment bank and Barclays as the best banking group.The 2012 Banking Awards, the third held by World Finance, mark the first time Botswana has been included in the global voting and expert panel that decides winners of the awards.

The three local award winners are part of the 'Big Four', the country's four largest commercial banks by customer volumes, balance sheets and turnover.According to World Finance, banks were judged on a variety of indicators including new and innovative services, smart partnerships, key financial ratios, pre-tax profits, real growth and steps taken to prepare for stricter banking regulations."World Finance's Banking Awards celebrate those who have capitalised rather than caved at times of high stakes," says a World Finance statement.