Euromoney Awards: Stanbic named the best Bank in Uganda

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Stanbic Bank has been named the Best Bank in Uganda in the 2016 Euromoney Excellence Awards held on July 6th in London. The Bank was recognized for its role as an exclusive investment bank in a number of landmark deals.

These include the recent syndicated loan of 114 Million dollars to MTN Uganda, Bank Populaire du Rwanda’s sale of a 62% stake to Atlas Mara and the subsequent merger between BPR and BRD Commercial Bank.

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Stanbic Bank was also mandated lead arranger for the USD 86m term loan facilities for the upsizing of Eaton Towers. This is the second consecutive year Stanbic Bank Uganda has won this award.

The same bank was recently awarded Best Retail Bank in Uganda, at the 2016 The Banker Africa – East Africa Awards.

Now in their 25th year, the Euromoney Awards for Excellence are regarded as the benchmark recognition for the financial services industry globally. Their dedicated research team and awards panel rated all submissions on both quantitative and qualitative factors such as key performance indicators, financial ratios and innovation over the preceding 12 month period.

“The accolade from Euromoney not only serves as a demonstration of our capability but is also a validation of our continued commitment to invest in the development of our people, clients and the country. We are proud to have received further industry recognition as the leading and most innovative bank in Uganda.” said Patrick Mweheire, Chief Executive for Stanbic Bank Uganda

Sim Tshabalala, Chief Executive for Standard Bank Group said: “These awards provide further confirmation of the success of our client-centric strategy and desire to serve clients through our well-established physical presence in Africa, global connectivity that links Africa both to the rest of the world and within the continent, as well as our in-depth knowledge of conducting business in Africa.”

He added that Standard Bank continues to position itself as the leading bank on the continent through its operations across 20 countries in Africa. Having built strong in-country advisory and wealth management capabilities, Standard Bank is able to deliver a full range of universal banking services to clients across various emerging markets.

Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of USD 128 billion at 31 December 2015, while its market capitalisation about USD11,8 billion.

The group has direct, on-the-ground representation in 20 African countries. Standard Bank Group has 1 221 branches and 8 815 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.

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