Standard Bank Group, Africa’s largest bank by assets and earnings, has won 10 prestigious awards at the annual SIBOS conference currently underway in Dubai, in the United Arab Emirates (UAE), the company announced today.
The awards validate the South Africa-based bank’s client-centric focus as well as its capabilities and expertise across an extensive network.
Two of the accolades were presented to Standard Bank at the EMEA Finance Magazine awards ceremony for Treasury Services, and an additional eight at the Global Finance Magazine awards ceremony for Global Finance Transaction Processing.
The two EMEA Finance’s Treasury Services Awards 2013 are:
• Best treasury services in Africa
• Best transactional bank for financial institutions in Africa
These awards recognise those banks whose ingenuity, innovation, and investments in cash management, FX and other treasury services are making life easier for their corporate clients in a changing financial world, the EMEA Finance Awards said in a statement.
The Global Finance Magazine awards for Global Finance Transaction Processing 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 awards are:
Best Trade Finance Provider in Africa
Best Trade Finance Bank in South Africa
Best Overall Bank for Treasury and Cash Management in Africa
Best Bank for Payments and Collections in Africa
Best Foreign Exchange Provider in Africa
Best Sub-Custodian in Nigeria (Stanbic IBTC)
Best FX Provider in Botswana, Nigeria, Zambia (Stanbic IBTC) and South Africa
Best Provider of Money Market Funds in Africa
Commenting on the awards, Standard Bank head of transactional products and services for Africa, Hasan Khan, said, “We are delighted to receive these awards from such prestigious publications as EMEA Finance and Global Finance.
“They provide further affirmation of Standard Bank’s client-centric strategy and continued investment in transaction banking in Africa.”