Business

Stanchart named best bank in Zambia

TRYNESS MBALE, Lusaka
STANDARD Chartered Bank Zambia has been named the best bank in Zambia by Euromoney Awards for Excellence.
This is the fifth consecutive year that Standard Chartered has won this competitive international accolade.
Standard Chartered Bank Zambia chief executive officer Andrew Okai said several factors contributed to the bank’s award such as its financial performance, breadth of flagship projects undertaken to broaden product offering, and quality service.
“For five consecutive years, Euromoney has named Standard Chartered as the best bank in Zambia. This is good news for us, including the board, management, staff and our clients.
“It demonstrates that our strategy to bank the people and companies is driving investment, trade, and the creation of wealth across Africa, Asia, and the Middle East, has ensured that we continue to lead the market,” Mr Okai said in a statement on Monday.
He said key initiatives recognised for the award includes the bank’s innovative, ‘first in the market’ electronic banking centres across Lusaka, and introduction of the small medium entrepreneurs business debit card.
Other initiatives are fixed income bonds for retail clients, extension of the bancassurance partnership with Sanlam (African Life) for another five years, and continuing to be the only bank in Zambia with night banking and Sunday banking at the flagship Manda Hill branch.
Mr Okai said Euromoney also recognised Standard Chartered’s continued commitment to the communities where it operates such as the bank’s Financial Education curriculum for Zambian youths were it as invested US$ 2 million over the period 2009 to 2017.
Euromoney’s Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions, and the best banks in close to 100 countries around the world.

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