By Claire Wanja/Statement
Stanbic Bank Kenya has been voted the best forex provider and best bank in treasury and cash management in Kenya by the Global Finance, a New York based financial magazine.
Commenting on the 2017 awards, Stanbic Bank’s Head of Corporate and Investment Banking Anton Marais said the accolades affirmed the bank’s solvency and robust position, in addition to the professionalism the bank enjoys, noting that liquidity and forex management were critical components of the bank’s operations.
“The awards confirm Stanbic Bank’s outstanding performance and its developments and innovations in the fields related to liquidity management and treasury in an optimal way and in line with the highest international standards,” said Mr. Marais.
“This Global Finance award is an evidence of international acknowledgment of Stanbic Bank’s excellence and leadership of the market, recognizing the Bank’s success in providing diversified solutions and innovative digital banking services for the efficient treasury, cash, and forex management, which meet customers’ needs,” he said.
He indicated that the bank adopts balanced and prudent strategy in liquidity and forex management, adding that Stanbic Bank enjoys extensive experience in cash management and achieving competitive returns with lowest risk as per its commitments and as per the regulatory and legislative standards.
“This award further recognizes our commitment to deliver the best products to our clients with our local expertise, strength in Kenya and our network across Africa,” Marais said.
Global Finance is one of the largest specialized media institutions worldwide that helps placing corporate leaders and investors on the world’s trade and finance map, through providing transparent, objective institutional assessments and granting awards in recognition of outstanding performance.
The organization grants these awards to banks that provide distinctive, diverse electronic banking channels, keeping pace with the continuous technological development globally, thus ensuring the provision of innovative services to meet customer needs, whether individuals or corporates.
“Additionally, it selects banks that contribute to the modern, different concept of banking experience in the market, and this is what Stanbic Bank Kenya is offering and committed to,” Mr. Marais added.