Standard Bank gets best bank accolade


By Frank Phiri, contributor:

The world’s top financial publication, Global Finance, has named Standard Bank plc as best bank in Malawi at its 29th Annual Best Bank Awards for 2022.

The bank has been recognised for responding to the needs of customers amid the Covid pandemic and accomplishing strong results while laying the foundation for future success.


The award reaffirms the bank as the best financial partner to drive growth for clients and Malawi, according to Standard Bank Chief Executive Phillip Madinga.

“Standard Bank is without a doubt the best in the country and this award just goes to show that we are not only delivering solutions for our clients but that our clients trust us and believe that we work our level best to help them achieve their goals,” Madinga said.

He said the bank has been leading the pack in offering solutions to clients that have enabled them to achieve their dreams and drive national growth.


According to Global Finance, the winning selections were made by the publication’s editors in consultation with corporate financial executives, bankers and banking consultants and analysts.

Global Finance Publisher and Editorial Director Joseph Giarraputo said, in selecting the top banks, the magazine considered factors that ranged from the quantitative objective to the informed subjective.

“With the financial world in a state of turmoil from Russia’s invasion of Ukraine, corporate leaders face a new set of challenges concerning the choice of their banking relationships.

“Following on the enormous difficulties wrought by Covid, these changes demand increased attention to global commercial relationships. Our awards support decision-makers in selecting the best financial partners,” Giarraputo said.

Overall, Standard Bank Group took home two awards this year from Global Finance and these are Best Bank in Malawi and Best Bank in South Africa.

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