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19 Mar 2008 12:50
Standard Bank has been selected as the best emerging-market bank in Africa, as well as in South Africa, in the annual Global Finance magazine’s Best Emerging Market Banks in Africa survey.
In addition, Standard Bank Namibia and Stanbic Bank Uganda won top honours in their respective countries.
The Best Emerging Market Banks in Africa is an exclusive survey by Global Finance editors with input from industry analysts, corporate executives and banking consultants, where they select the best emerging-market bank in Africa and in 18 African countries.
Says Sim Tshabalala, chief executive Standard Bank of South Africa: “We are delighted to have received these accolades. They serve as a humbling reminder of Standard Bank’s 146-year heritage, which is particularly comforting during these turbulent times.
“The awards are an affirmation of our commitment to making a real difference to financial services in South Africa and other emerging markets. I would like to pay tribute to all our staff who strive daily to make a real difference to the lives of our customers.”
Criteria for choosing the best emerging-market bank winners include growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
This is the 15th year that the magazine has selected top banking performers in emerging markets.—I-Net Bridge
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