Standard Bank named African Bank of the Year

by Richard Kilner

Story link: Standard Bank named African Bank of the Year

South African financial institution Standard Bank has won a magnificent seven awards at the The Banker Awards 2009.

Amongst the plethora of prizes, the bank achieved the important Bank of the Year for Africa award, and was also named Bank of the Year in South Africa, Botswana, Lesotho, Malawi, Swaziland and Tanzania.

Winners are selected by The Banker based on financial results, strategic developments and overall achievement on regional and national levels.

Chief Executive Jacko Maree has described Africa as being central to the firm’s heritage and strategy and expressed his appreciation of the Banker’s recognition of Standard Bank’s strength in Africa.

In addition to becoming a full-service financial services firm domestically, Standard Bank also has ambitions to enter other emerging markets, particularly those with links to Africa.

Last year, the firm won ten awards from The Banker, amongst them the African Bank of the Year Award.