East African Banks Win Big at the 2018 African Bankers Awards

Winners of the 2018 African Banker Awards have been announced at a prestigious Gala Dinner in Busan, South Korea. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, celebrate excellence in banking and finance on the African continent.

East Africa dominated the awards this year, scooping over 3 awards including the coveted ‘African Bank of the Year’ award and ‘Banker of the Year’ award. South African banks dominated the investment banking and deals of the year categories. Standard Bank Group swooped three awards, including the one for ‘Investment Bank of the Year’. Standard Bank and Rand Merchant Bank in South Africa took the ‘Infrastructure Deal of the Year’ for the $5bn Nacala corridor rail and port project in Mozambique and Malawi, one of Africa’.

Commenting on the impressive achievements of the banks shortlisted for the 2018 awards, Omar Ben Yedder, Publisher of African Banker; a quarterly magazine dedicated to banking and finance in Africa said: “The winners of the African Banker Awards reflect the innovation and energy within Africa’s banking market. The categories that most catch my eye are the Deals of the year and the one on Innovation in Banking. They reflect the true energy and vigour of the banking sector. I cannot stress enough though the important role financial services have to play to drive the development of the continent.”

Nigeria’s Ecobank also beat off stiff competition winning 2 awards including the ‘Retail Bank of the Year award’. See the full list of winners below.

African Banker of the Year
James Mwangi, Equity Group Holdings Plc, Kenya

Lifetime Achievement Award
Stephen Koseff, co-founder Investec

African Bank of the Year
Equity Group Holdings Plc, Kenya

Best Retail Bank in Africa
Ecobank

Investment Bank of the Year
Standard Bank

Award for Financial Inclusion
Groupe Crédit Agricole (Morocco)

Socially Responsible Bank of the Year 
BMCE Bank of Africa Group

Innovation in Banking 
Ecobank

Deal of the Year – Equity
Steinhof Africa Retail Listing – Rand Merchant Bank (South Africa)

Deal of the Year – Debt
$300m Diaspora Bond, Nigeria
Standard Bank / FBNQuest Merchant Bank (Nigeria)

Infrastructure Deal of the Year 
Nacala Railway and Port Corridor
Standard Bank / Rand Merchant Bank (South Africa)

Regional Bank of the Year
East Africa – CRDB (Tanzania)
West Africa – BDM (Mali)
North Africa – CIB, Egypt
Southern Africa – State Bank Mauritius (SBM)
Central Africa – BGFI, Gabon

Related News

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download NL Magazine Latest Issue

Copyrıght 2014. All RIGHTS RESERVED NAIJA LIVING UK.
Naija Living UK is a subsidiary of Talk Media Ltd.
Registered in England and Wales.