Standard Bank Group has been named the Best Bank in Africa in Global Finance’s 28th annual awards for the World’s Best Banks.
Standard Bank South Africa and Stanbic Bank Uganda were named best banks in their respective markets.
The awards come at a time the banking industry has played a supportive role in assisting clients and societies through the Covid crisis.
Winners of this year’s awards are banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success, according to Global Finance, which has a circulation of 50,000 and readers in 189 countries.
“Banks are playing a key role in economic recovery around the world. Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward,” reads a statement said Global Finance Publisher and Editorial Director Joseph Giarraputo.
All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective.