Stanbic Bank has been named the best investment bank in Tanzania by EMEA Finance, a prestigious magazine, for the year 2014, while its parent company Standard Bank has been named leading investment bank in Africa for the seventh consecutive year.
“We are delighted to have retained the award for the best Investment Bank in Tanzania, which is testament to our capacity to connect offshore capital flows with domestic business opportunities.
“We would like to thank our clients for placing their trust with us, which in no small part contributed to the successes that we have achieved,” said Ken Cockerill, CEO of Stanbic Bank Tanzania.
The 2014 African Banking Awards reaffirm Standard Bank’s leading position in capital markets on the continent with the group also earning the title of Best Investment Bank in Angola, Botswana, Kenya, Mozambique, Rwanda and Uganda.
The awards recognise Standard Bank’s depth of knowledge and expertise across the continent, with accolades received across Southern, East and West Africa.
“Despite increasing competition from regional and global banks, Standard Bank’s performance in the capital markets space in Africa continues to impress us,” said Christopher Moore, CEO of EMEA Finance.
Standout transactions contributing to the group’s achievement of 11 awards include Kenya’s US$2bn Eurobond, the largest debut bond from an African sovereign; the block trade carried out in Uganda’s Umeme and the IFC’s local currency bond in Rwanda. “We are pleased to have been recognised by EMEA Finance for the seventh consecutive time.
Awards such as these are an important external endorsement of our ability to leverage our extensive presence across the continent for the benefit of our clients.
“This, combined with our unique sector expertise, cross-border and product capability give us the platform to deliver world-class capital market transactions as evidenced by our role in key deals across the continent,” said David Munro, Chief Executive, Standard Bank Corporate and Investment Banking.
EMEA Finance is a leading bimonthly global industry publication that reports on the major financial events and developments initiated and influenced by the international financial industry active in Europe, Middle East and Africa (the EMEA region).