Stanbic Bank Botswana, a subsidiary of Standard Bank, has won The Banker's prestigious 'Emerging Markets Bank of the Year Award 2007'.
The accolade, presented at the annual Banker Awards dinner, held in London on 28 November, acknowledged the banking group's commitment to playing a key role in the financial services sector of several developing countries.
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Stanbic Bank Botswana got the accolade after surpassing the P2 billion in their loans and advances utilization this year. In addition, the property division of the Standard Bank Group has just concluded the purchase of the premises of Stanbic Bank Botswana Head Office, in Fairgrounds.
Craig Bond, Chief Executive of Standard Bank Africa said: "These awards and achievements are a tribute to the strength of the group. Not only is Standard Bank the largest bank in Africa, but it is also both Pan-African and global in its reach and expertise. We believe that the combination of these attributes holds the key to developing a world-class banking sector in many of the emerging markets of Africa within the foreseeable future."
The Standard Bank group is particularly active in Africa, where efforts are focused on enhancing their portfolio of retail, corporate and investment banking services.
Standard Bank's contribution to the African nations where it has an established presence also resulted in the group receiving several country awards during The Banker awards ceremony - notably South Africa, Lesotho, Malawi, Mozambique, Swaziland and Zimbabwe.
Bond added: "The recognition inherent in these awards is most gratifying as it underscore's Standard Bank's position of being an African bank, run by Africans, to the benefit of the continent as a whole."
As one of the world's most established financial services groups and the largest banking group in Africa in terms of assets, earnings and market capitalization, Standard Bank currently operates in 39 countries across the globe.
The group has representation in 18 countries in Africa, including Botswana, and 21 on five other continents, including the key financial centres of Europe, the Americas and Asia. In Africa alone, the group has more than 1 000 points of representation.
A full range of banking, investment and lending products and services is offered to entities ranging from multinational corporations to individual income earners and their families.
These latest accolades build on an array of awards afforded Standard Bank for its activities in emerging markets. The list includes being named the leading banking group in sub-Sahara Africa in this year's The Top 1000 World Banks list. It placed 106th overall, up twelve places from the 118th spot in 2006. The annual rankings, published by The Banker and Financial Times, provide a comprehensive listing of the world's leading commercial banks based on Tier 1 Capital. The research and evaluation criteria include an assessment of banks' strengths worldwide, as well as diverse performance indicators - such as growth in real profits, profits on capital and return on assets.
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