Stanbic recognized as best local bank at the Euromoney 2019 awards

Monday, July 22, 2019
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Stanbic recognized as best local bank at the Euromoney 2019 awards

Following a successful year where it posted solid results for 2018, Stanbic Bank has been recognised as the Best Bank in Uganda at the Euromoney 2019 Awards of Excellence.

This is the third year in a row that Stanbic Bank Uganda has won this award.

The Euromoney Awards for excellence are the world’s most prestigious and respected banking and capital markets accolades that recognise institutions bringing the highest level of expertise, service and innovation in the global financial industry.

Commenting on the awards, Stanbic Bank Uganda Chief Executive Patrick Mweheire said: “This prestigious accolade is an incredible achievement that demonstrates the bank’s commitment to service excellence and delivering solutions that meet the client’s needs.”

He said the bank currently holds the largest customer loan portfolio and approximately Shs 1.8 trillion (43% market share) in off-balance sheet exposures (guarantees, letters of credit and performance bonds) and they continue to be a key enabler in supporting the government’s agenda of infrastructure development and driving the growth of the agriculture, manufacturing, construction and trade sectors of the economy.

He said the bank has heavily invested in a customer centric model of operation which puts the customer at the centre of their focus.

This has enabled them to come up with innovative solutions and channels which have helped improve convenience for the customer while bringing down transaction costs.

The Bank was recognized alongside other subsidiaries under the Standard Bank group in various categories. In the Investment Bank category, the awards also recognized Standard Bank’s investment banking excellence in Angola, Malawi, South Africa and Zambia. Standard Bank was also named as Africa’s Best Bank for Wealth Management, and Best Bank in Namibia.

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