Standard Bank named African Bank of the Year
by Richard Kilner
Story link: Standard Bank named African Bank of the Year
The Standard Bank enjoyed ten successes at The Banker Awards, including scooping the prize for African Bank of the Year.
Industrial and Commercial Bank of China (ICBC) was named Asian Bank of the Year and Bank of the Year for China.
The ICBC has a 20% stake in Standard Bank and is a strategic partner of the African institution.
The Standard Bank presently operates in over three dozen countries and has assets totalling over R1 361bn ($174bn).
It also won the Bank of the Year awards for Botswana, Congo, Lesotho, Malawi, Namibia, South Africa, Swaziland, Tanzania and Zimbabwe.
Sim Tshabalala, chief executive of Standard Bank South Africa, described the awards as tributes to the people of South Africa, and the profound commitment to service of the firm’s people.
Clive Tasker, chief executive for Standard Bank in Africa, has said that 2008 has been a milestone year for the firm with the plethora of awards underlining the firm’s position as one of the foremost banks in the emerging markets of the world.