Global Finance

Global Finance Names The World’s Best Emerging Markets Banks In Africa

Global Finance magazine, in their yearly exclusive survey, has just announced the World’s Best Emerging Markets Banks for 2013. Winners are assessed and selected by Global Finance editors, industry analysts, corporate executives and banking consultants. Decisions are based on growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

Included in this report are the best emerging markets banks in Africa. 29 banks were chosen from the continent and according to Joseph Giarraputo, publisher of Global Finance, “These are the banks that are providing best-in-class solutions for these distinctive markets.”  The winning banks are as follows:

Country Bank
Algeria Arab Banking Corporation Algeria
Angola Banco Espírito Santo Angola
Botswana Standard Chartered Bank Botswana
Burkina Faso Ecobank Burkina Faso
Cameroon United Bank for Africa (Cameroon)
Côte d’Ivoire Ecobank Côte d’Ivoire
DRC Standard Bank Congo
Djibouti International Commercial Bank (Djibouti)
Ethiopia Nib International Bank
Gambia Standard Chartered Bank Gambia
Ghana Ecobank Ghana
Guinea Ecobank Guinea Conakry
Kenya Barclays Bank of Kenya
Madagascar Bank of Africa-Madagascar
Mali Bank of Africa-Mali
Mauritius Mauritius Commercial Bank
Morocco Attijariwafa Bank
Mozambique Millennium bim
Namibia Standard Bank Namibia
Nigeria FirstBank of Nigeria
Rwanda Banque Commerciale du Rwanda
Senegal United Bank for Africa (Senegal)
Sierra Leone International Commercial Bank (Sierra Leone)
South Africa Standard Bank
Togo Ecobank Togo
Tunisia Banque Internationale Arabe de Tunisie
Uganda Stanbic Bank Uganda
Zambia Standard Chartered Bank Zambia
Zimbabwe Standard Chartered Bank Zimbabwe

The report also includes best banks in Latin America, Central & Eastern Europe, Asia-Pacific and the Middle East. “Each region and individual country presents unique challenges for banks and their customers, especially under the difficult conditions global financial markets continue to face,” says Giarraptuto. “For this reason, customers must depend on excellence in execution from their banking partners.” The survey will be published in the May 2013 issue of the magazine and an Awards Ceremony for all winners will be conducted at the same time as the World Bank/IMF Meetings on Saturday, October 12, 2013 at The National Press Club in Washington, DC.

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