Stanbic Bank Scoops Best Commercial Bank in Zimbabwe

Stanbic Bank has cemented its place as the best commercial bank in the country after scooping the Annual Banks and Banking Survey best commercial bank for the second year running.

The survey which involved 18 other local banks in Zimbabwe adjudicated on the robustness of domestic business franchise, reasonable profit levels, good asset quality and low risks to earnings.

The survey, whose theme was “Banking on Caution-Dealing with Rising Currency Risk” also took into consideration the banks’ funding liquidity touching on liquid assets to total deposit and borrowings.

“When all has been said and done, the analysis suggests that Stanbic is the most prominent bank in the country measured by all the relevant matrices,

Standard Chartered and CABS were voted second and third respectively.

According to the analysts, they looked at the risk profile metrics namely loan-to deposit, capital adequacy and operating profits to total income.

They also analysed profitability particularly ROE, ROA, Cost-to-income and non-funded to total income.

For domestic franchise, analysts looked at market share of deposit and asset quality as represented by non-performing loans to total loans also formed part of the metrics.

They acknowledged that a litany of challenges such as cash availability, bond notes, foreign currency obligations, digitisation and cyber, treasury bills, Non performing loans (NPLs), and regulatory interventions all have risk as the common factor.



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