The ManicaPost
Business Reporter
STANBIC Bank Zimbabwe’s parent company, Standard Bank has been recognised as Africa’s best bank for Markets and Africa’s best bank for wealth management at the 2016 Euromoney Awards for Excellence in London.In addition, Euromoney also named Standard Bank as the best bank in Uganda, (Stanbic Uganda) and in Zambia, (Stanbic Zambia).
Standard Bank Group chief executive, Mr Sim Tshabalala, said: “We are delighted by these awards. We think they reflect our commitment to serving our clients with excellence both through our physical network in Africa and by linking Africa to markets and investors in the rest of the world.
Mr Tshabalala said Standard Bank continues to position itself as the leading bank on the continent through its operations across 20 countries in Africa and in the major global financial centres. Having built strong in-country advisory and wealth management capabilities, Standard Bank is able to deliver a full range of universal banking services to its clients
Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 25th year.
Euromoney’s dedicated editorial team and awards panel rated all submissions on both quantitative and qualitative factors such as key performance indicators, financial ratios and innovation over the preceding 12 month period.
Meanwhile, Standard Bank, which is Africa’s largest bank by assets, has seen its mobile traffic growing 100 percent a year as customers embrace more convenient and efficient solutions for their banking needs.
During 2015, 825 million financial transactions worth R430 billion were processed through the banking app. As a consequence of this, branch transactional volumes have declined and ATM and branch transactions now make up less than five percent of total banking transactions.
A total of 95 percent of Standard Bank’s transactions are already electronic, making it a genuinely digital bank.
Mr Peter Schlebusch, Standard Bank’s chief executive for personal and business banking said: “The vast bulk of Standard Bank’s personal and business banking strategy to 2020 is about how we can use digital capabilities to deliver an even better customer experience. This entails putting customers in control, providing more convenience, and extracting key customer insights from our rich data so that the bank becomes more proactive, relevant and easy to use.”
