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25 March 2008
Standard Bank has been selected as the Best Emerging Market Bank in Africa as well as South Africa in the annual Global Finance magazine's "Best Emerging Market Banks in Africa" survey.
In addition, Standard Bank Namibia and Stanbic Bank Uganda won top honours in their respective countries.
The "Best Emerging Market Banks in Africa" is an exclusive survey by Global Finance editors with input from industry analysts, corporate executives and banking consultants, where they select the best emerging market bank in Africa and in 18 African countries.
Says Sim Tshabalala, Chief Executive, Standard Bank in South Africa: "We are delighted to have received these accolades. They serve as a humbling reminder of Standard Bank's 146 year heritage, which is particularly comforting during these turbulent times.
"The awards are an affirmation of our commitment to making a real difference to financial services in South Africa and other emerging markets. I would like to pay tribute to all our staff who strive daily to make a real difference to the lives of our customers."
Criteria for choosing the Best Emerging Market Banks winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
This is the 15th year that the magazine has selected top banking performers in emerging markets.
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