Standard Bank named ‘Best Trade Finance Bank’

Standard Bank, parent company of Stanbic Bank Ghana, has been named ‘Best Trade Finance Bank in sub-Saharan Africa’ by GTR Magazine in its first annual readers’ poll on the world’s leading financial institutions.

GTR is a leading international trade finance magazine, providing in-depth news and analysis on the global emerging markets trade finance, export finance and risk markets.

The award recognizes Standard Bank’s significant presence in sub-Saharan Africa, where SB played lead roles in some of the largest and most complex deals in the region including:

Fertilizer financing in Malawi,G rain finance in Tanzania, Oil finance in Nigeria, Cocoa finance in Ghana,Telecoms equipment in Mozambique and Power equipment in East Africa.

Commenting on the award, Anne-Marie Woolley, Director – Head of Trade Finance & Services at Standard Bank in London said: “Standard Bank is delighted to win this award, which recognizes our long-term commitment to trade finance banking in sub-Saharan Africa and our strategy of having significant on the ground expertise in each of the countries in the region. It is particularly pleasing to have been recognized for this award by our peers in the industry, and we look forward to building on this success into 2009 and beyond”.

Last year saw Standard Bank win several regional and international accolades, including being crowned African Banker of the Year in The Banker Awards of 2008, and being named the best bank in South Africa for 2008 by Euromoney.

Source: The Chronicle