Nam Standard Bank scoops African award

STANDARD Bank has been named best bank in Namibia in the prestigious Global Finance survey of the best emerging markets banks on the continent.

Global Finance is a leading international journal for banking and financial services. Its editors, along with industry analysts, corporate executives and banking consultants together selected the Africa winners. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.’We remain in an unusually challenging environment for banks and their customers,’ says Joseph Giarraputo, publisher of Global Finance. ‘More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.’Mpumzi Pupuma, managing director at Standard Bank Namibia said the award is testament to the bank’s expertise in providing on-the-ground services in the market, which enables it to have a better understanding of client needs in the country.’Being named best bank will certainly advance our efforts to continue providing appropriate financial solutions that are relevant and cater for the needs of our customers, as well as enhance confidence in the market of our capabilities,’ he said.The Standard Bank group, Africa’s largest bank by assets, was also named 2011’s best bank in the Democratic Republic of Congo, South Africa and Uganda.