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.

STANBIC BANK ZIMBABWE ACCOLADES AND AWARDS:

2016       

  • Best Bank in Zimbabwe, Top Companies Survey
  • Best Wealth Management and Investment Bank, Wealth and FinanceAwards
  • Best Performing Bank, Banks & Banking Survey

2015       

  • Best Bank in Zimbabwe 2015, Top Companies Survey
  • 2015 Strongest Bank in Zimbabwe Award , Banks & Banking Survey
  • Excellence in Corporate Governance Award by Institute of Chartered Administrators and Secretaries in Zimbabwe (ICSAZ)
  • World’s Best Banks-Zimbabwe 2015 , Global Finance Magazine
  • Best Investment Bank Zimbabwe 2015 by Global Finance & Banking Review
  • Best Bank in Zimbabwe by EMEA Finance Banking Magazine
  • Best Investment Bank in Zimbabwe by EMEA Finance Banking Magazine
  • Best Commercial Bank, Zimbabwe 2015 by World Finance Banking Awards
  • Best Sub-Custodian Bank in Zimbabwe by Global Investor
  • Best Emerging Markets Bank in Zimbabwe by Global Finance magazine

           

2014

  • Best Commercial Bank in Zimbabwe: Banks and Banking Survey
  • Best Bank in Southern Africa: African Banker Magazine
  • Best Bank in Zimbabwe: Banker Magazine
  • Best Payments system: CommerzBank
  • Best Enterprise: Europe Business Assembly
  • Best Sub Custodian in Zimbabwe in the Region of the Global Audience: Global Investor

2013

  • Efficient Cross Border Payment System: CommerzBank Frankfurt Award

2012

  • Best Investment Bank in Zimbabwe: The EMEA Finance Awards
  • Best Bank: EMEA Finance
  • 2nd Place Strongest Bank in Zimbabwe: The Banks and Banking Survey Award

2011

  • Best Bank: EMEA Finance
  • Best Bank: The Banker Magazine

2010

  • Best Bank: The Banker
  • Superbrand of the Year, Finance and Banking Category: Marketers Association of Zimbabwe

2009

  • Bank of the Year: The Banker Magazine

2008

  • Bank of the Year Country Award: The Banker Magazine

2007

  • Best Bank: Global Finance
  • Best Bank: The Banker Magazine
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