#Article (Archive)

SCB named 'best emerging market bank'

Mar 30, 2010, 1:00 PM

Standard Chartered Bank has been named Best Emerging Market Bank in Africa and in The Gambia in Global Finance magazine's annual awards. This is the second consecutive year that Standard Chartered Bank Africa has topped the tables with Global Finance.

Additionally, Standard Chartered Bank also won 'Best Emerging Market Bank' in Botswana (for the fifth consecutive year), and in Zambia (also for the fifth consecutive year.) 

Winners are nominated by Global Finance editors, industry analysts, corporate executives and technology experts, based on specific criteria, including transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

Commenting on the win, CEO Humphrey Mukwereza, Standard Chartered Bank Gambia, said: "We are delighted to have won this prestigious award for the second year in succession. Across our 14 African markets, Standard Chartered is a highly respected, well-established "household name," combining deep-rooted local knowledge and experience with international expertise and capabilities. Africa is very much core to our business activities and strategy."

"We continue to differentiate our brand and have confidence in our strategy for long-term sustainable growth," he stated.

The award follows Standard Chartered's record income and profit growth in 2009 across Africa, driven by an exceptional performance in its business. 

This is the seventeenth year that Global Finance has selected top banking performers in emerging markets. The full report covers the best banks in Asia, the Middle East and Africa, Latin America, and Central and Eastern Europe.

"We remain in an unusually challenging environment for banks and their customers," says Joseph Giarraputo, publisher of Global Finance.

"More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence," it concluded.