DAILY NEWS Reporter
DAR ES SALAAM : Standard Bank Group, which trades as Stanbic Bank in Tanzania, and Africa’s leading bank by assets, collected 22 awards in Finance’s Treasury Services and Global Finance’s World’s Best Bank Awards for 2015.
The firm said in a statement that the awards were presented at the Sibos conference in Singapore. Mr Hasan Khan, Standard Bank’s Head of Transactional Products and Services, said: “We are delighted to receive these awards from such prestigious publications”.
“They provide further confirmation of the success of our client- focused strategy and desire to serve clients through our well-established on-the-ground presence in Africa and our global connectivity that links clients to opportunities in Africa.”
Standard Bank was awarded both Best Forex Exchange Services in Africa and Best Transactional Bank for Financial Institutions in Africa by EMEA Finance’s Treasury Services Awards for 2015. Standard Bank has been a recipient of the EMEA Finance’s Treasury Services Award for the sixth consecutive year.
According to EMEA Finance, “Standard Bank takes two titles in this year’s Treasury Services Awards, in recognition of its consistent leadership in transactional banking in Africa.”
Global Finance Magazine awarded Standard Bank 20 accolades, across several categories, including trade finance, payments and collections, cash management, short-term investments, money market funds and sub-custody.
The awards were adjudicated against specific criteria such as volume, market share and customer service. Standard Bank Group was chosen by the Global Finance editorial team along with input from expert sources.
The Global Finance Magazine awards are: Global Finance’s World’s Best Bank Awards 2015 World’s Best Banks 2015, which went to Standard Bank Group – Africa, Stanbic Bank Zimbabwe, Standard Bank Angola.
Best Foreign Exchange Provider 2015 award went to Standard Bank Group – Africa, CfC Stanbic Bank Kenya, Stanbic Bank Botswana, Stanbic IBTC Bank Nigeria, Stanbic Zambia, Standard Bank South Africa, Standard Bank Angola.