An Africa Business Community
Standard Bank’s sustained presence and growing influence in African markets received further recognition today with the announcement that the banking group has been named Best Debt House in Africa, Best Risk Adviser in Africa and Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2011.
The Euromoney panel of judges took into account key performance indicators including volume of business transacted, innovation and leadership, credit ratings, quality of assets and earnings, and efficiency ratios. Euromoney is a premier information source for the wholesale finance industry, reporting on capital markets, investment, foreign exchange and treasury, and regional markets.
"These awards confirm that our sustained and patient investment in building franchises in African markets is delivering results for customers,” says Ben Kruger, Standard Bank Deputy Group Chief Executive.
"It is particularly pleasing to be recognised in Africa's highly competitive investment banking arena where we compete with large institutions from around the world. Being named as Best Risk Adviser in Africa confirms our capacity to provide top quality insight and advice," says Mr Kruger.
Standard Bank has over a number of years invested in developing a sustainable on-the-ground presence in key African markets. Mr Kruger says particular emphasis has been on enhancing local skills and expertise which are critical to providing advice to customers.
"The recognition of our work in Nigeria is also very gratifying because this is an especially tough market that has experienced considerable strain on its banking sector in recent years.
"We will continue to expand our footprint in a considered way and enhance our offerings as the continent's growth consolidates and its trade relations with emerging markets strengthen," says Mr Kruger.
Standard Bank has on-the-ground presence in 17 African countries 13 countries outside the continent and provides the full spectrum of corporate, advisory, transactional and investment banking services.
Mr Kruger expects Standard Bank to continue to leverage the platform of its successful Corporate and Investment Banking business in South Africa to support the Africa expansion strategies of local businesses.