Standard Chartered Bank has been named Best Emerging Market Bank in Africa in Global Finance magazineâ€™s annual awards. This is the second consecutive year that Standard Chartered Bank Africa has topped the tables with Global Finance.
Winners are nominated by Global Finance editors, industry analysts, corporate executives and technology experts, and based on criteria including transaction volumes, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
Commenting on the win, Christopher Knight, CEO Standard Chartered Bank Nigeria, said: â€œWe 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 â€œhousehold nameâ€, combining deep-rooted local knowledge and experience with international expertise and capabilities.
Whether this is through facilitating trade flows between Africa/ [country] and Asia, financing major infrastructure projects or agri-financing deals, 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.â€
The award follows Standard Charteredâ€™s record income and profit growth in 2009 across Africa, driven by an exceptional performance in its Wholesale Banking 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.
â€œWe remain in an unusually challenging environment for banks and their customers,â€ says Joseph Giarraputo, publisher of Global Finance. â€œMore than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.â€