Stanbic Bank has won this yearâ€™s â€˜Best Bank Award in Ugandaâ€™ in a survey conducted, by the International Euromoney Magazine.
â€œThere are several reasons for Standard Bankâ€™s success. The strength of its position and the efficient operations in its key South African market gives it a better stand against competitors,â€ a document from Euromoney Magazine read.
According to a press release recently, the award acknowledges banks with outstanding performance.
The release said Standard Bank of South Africa which trades as Stanbic Bank in sub-Saharan Africa also won the Euromoney Excellency Award for best bank in South Africa, Namibia and Swaziland beating last yearâ€™s winner, Citigroup.
It said since February 2002 after the bankâ€™s acquisition of Uganda Commercial Bank, Stanbic had upgraded its branches with the installation of AutoBank machines in Kampala and other towns.
Stanbic Bankâ€™s Uganda director Kitili Mbathi said the award would motivate them to meet set targets this year.
Stanbic gets award