Stanbic Bank best FX provider in Botswana

SHARE   |   Sunday, 18 January 2015   |   By Staff Writer
Stanbic Bank, Game City Branch Stanbic Bank, Game City Branch

Stanbic Bank Botswana has been named the Best Foreign Exchange Provider in Botswana for a third consecutive year for the 2015 Global Finance World’s Best Foreign Exchange Providers Awards. Standard Bank Group, has also been named Best Foreign Exchange Provider in Africa. 

The other operations within Standard Bank Group that were also named Best Foreign Exchange Providers in their respective countries are; Nigeria Stanbic IBTC; South Africa Standard Bank; Kenya CfC Stanbic Bank and Stanbic Zambia, 

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Furthermore, in the only new African country submission that was available, Standard Bank Angola also won Best Foreign Exchange Provider in Angola 2015.

“We are once again humbled by the recognition as the best foreign exchange provider in Botswana. “This acknowledgement of Stanbic Bank’s efforts yet again is a testament to our ongoing commitment to connecting Botswana to the rest of Africa and the world,” said  Sentsho Tselayakgosi, Stanbic Bank Botswana Head, Global Markets. “As a truly African bank with a deep specialisation in resources, Stanbic Bank is ideally positioned to facilitate the foreign exchange needs of our customers.”

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The Global Finance Magazine Awards are annual awards that recognise the leading players in foreign exchange trading across the world. The awards take into account insights from industry analysts and experts from 97 regions across the globe with winners chosen on factors ranging from market share to transaction volume, global coverage and innovation.

With operations spanning 20 African countries, Standard Bank is committed to the ongoing development of the continent’s financial markets. Standard Bank’s footprint across Africa, coupled with its eminence in international markets, enables it to tap pools of capital from across the world to boost the liquidity and depth of the continent’s currency markets.

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“Stanbic Bank Botswana continues to lead the charge particular in the corporate investment banking space, and this recognition is evidence of that fact. We continue to make every effort to ensure we move all of our valued stakeholders forward through providing an exceptional, relevant, banking experience,” said Mr Tselayakgosi. 

At Group level, Standard Bank continues to perform extremely well and has proven its dominance as a world class African bank and foreign exchange provider. The Group’s widespread network across Africa means we are able to meet the foreign exchange requirements of our clients, wherever they may be operating on the continent.

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Stanbic Bank Botswana is part of the Standard Bank Group, Africa’s largest bank by assets.

Standar Bank Group had total assets of R1 694 billion (about USD162 billion) at 31 December 2013, while its market capitalisation was R209.4 billion (about USD20 billion).

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The group has direct, on-the-ground representation in 20 African countries. Standard Bank Group has almost 560 branches and 1 223 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.

Stanbic Bank Botswana provides the full spectrum of financial services. It’s Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. 

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Corporate and Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets; and global transactional products and services.



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