adminSithandazile Moyo Business Reporter
STANDARD Bank Group scooped the 2014 Best Foreign Exchange Provider in Africa at the Global Finance Magazine Awards presentations held recently.
In a statement, Stanbic Bank Zimbabwe’s head of global markets, Munyaradzi Muchenje, said the bank won the prestigious award for the second successive year, receiving the award in Botswana, Kenya, Nigeria, South Africa and Zambia.
“Standard Bank has once again performed extremely well and has proven its dominance as a world class African bank and a world class foreign exchange provider. These awards are a testimony to our on-going commitment to connecting Africa to the world and vice versa,” said Muchenje.
He said with operations spanning 18 countries, Standard Bank was committed to the development of the continent’s financial markets.
“Standard Bank continues to experience an increase in foreign exchange trading in Africa, boosting the liquidity and depth of the continent’s currency markets,” he said.
Muchenje said the awards are a reflection of the maturity and commitment of the bank across all continents.
“These awards illustrate the depth and complexity of Standard Bank’s African operations and are indicative of the increasing maturity we’re seeing in markets across the continent.
As a truly African banking group with a deep specialisation in resources, the bank is ideally positioned to facilitate the booming trade flows occurring across the continent,” he said.
The Global Finance Magazine Awards are held annually in recognition of efforts by players in foreign exchange and currency trading in the world. The awards take into account insights from industry analysts and experts from 97 regions across the globe with winners chosen on factors ranging from market share to transaction volume, global coverage and innovation.
Online Reporter