Johannesburg - Standard Bank Group [JSE:SBK] has been named best bank in four African countries in a survey by Global Finance of emerging markets banks.
Africa's largest bank by assets was named 2011's best bank in South Africa, Namibia, Uganda and the Democratic Republic of Congo.
Global Finance is an international journal for banking and financial services. Its editors, along with industry analysts, corporate executives and banking consultants selected the Africa winners.
Criteria included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
"We remain in an unusually challenging environment for banks and their customers," said Joseph Giarraputo, publisher of Global Finance.
"More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."
Standard Bank Group deputy chief executive Ben Kruger said it was pleased by the kudos.
"Winning these awards is significant because they reflect our success in investing in the development of on-the-ground banking capabilities in African markets.
Africa's largest bank by assets was named 2011's best bank in South Africa, Namibia, Uganda and the Democratic Republic of Congo.
Global Finance is an international journal for banking and financial services. Its editors, along with industry analysts, corporate executives and banking consultants selected the Africa winners.
Criteria included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
"We remain in an unusually challenging environment for banks and their customers," said Joseph Giarraputo, publisher of Global Finance.
"More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence."
Standard Bank Group deputy chief executive Ben Kruger said it was pleased by the kudos.
"Winning these awards is significant because they reflect our success in investing in the development of on-the-ground banking capabilities in African markets.