London: Standard Bank has reinforced its emerging markets and African credentials after winning three awards at the Euromoney Awards for Excellence ceremony in London last night.
Specifically, Standard Bank was recognised as:
· Best Investment Bank in Africa
· Best Investment Bank in Nigeria
· Best Equity House in Africa
Commenting on the awards, Richard Gush, Chief Executive, Corporate and Investment Banking, Standard Bank Africa said: "We are pleased to have won these awards - they are a tribute to our teams in Africa and the customers they serve. It’s good to be recognized for what we have achieved, but we still have much to do to fulfil our ambitions on the African continent”.
During 2008, Standard Bank completed many high profile and successful transactions across Africa, including as Joint Issuing House, Arranger and Primary Dealer to a Niara 275 billion Debt Issue programme by the Lagos State Government, as Lead Mandated Arranger on the Tanesco loan - one of the largest single commercial loans ever arranged in East and Central Africa, and as Joint Issuing House and Underwriter to a US$ 2.5 billion regional IPO by ETI across Nigeria, Ghana and the UEMOA region.
Yinka Sanni, Executive Director at Stanbic IBTC in Nigeria added: “We are especially pleased to be recognised as Best Investment Bank in Nigeria. It reflects the great progress we have made in building a strong combined business in Stanbic IBTC. It is also a testimony to the confidence our clients have shown in the Standard Bank brand”.
Euromoney magazine was founded in 1969, and is one of the premier information sources for the wholesale finance industry.
For more information contact:
Janice GarrawayManager, Marketing & CommunicationsStandard Bank Plc+44 20 7815 3025Email: janice.garraway@standardbank.com
James MarshallFinancial CommunicationsFD +44 20 7269 7222 or +44 7515 597 629Email: James.Marshall@fd.com
Notes to Editors:
Standard Bank
Standard Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for over 145 years, and now spans 17 countries across the African continent. Its international expansion has taken it to 16 countries outside Africa including Brazil, Russia and China. Its headquarters are in Johannesburg and it is listed on the Johannesburg Stock Exchange.
Standard Bank's Corporate and Investment Banking division is a leading global emerging markets corporate and investment bank and offers its clients banking, trading, investment, risk management and advisory services in developing economies throughout the world. It has specific sector expertise in mining & metals; oil, gas & renewables; telecommunications & media; power & infrastructure and Financial Institutions.
Standard Bank Plc in London is the bank's principal international subsidiary. It is authorised and regulated by the Financial Services Authority, and is a member of the London Stock Exchange, the London Bullion Market Association, the London Metal Exchange, the London Platinum and Palladium Market and the New York Mercantile Exchange (COMEX Division). Through its branch in Tokyo, it is also a member of the Tokyo Commodities Exchange (TOCOM). It has major trading affiliates in Brazil (Banco Standard de Investimentos S.A.), Argentina (Standard Bank Argentina S.A.), and Hong Kong (Standard Bank Asia Ltd.)
Key facts and figures
· Standard Bank Group assets of approximately US$162 billion (December 2008)
· Market Capitalisation of approximately US$14 billion (December 2008)
· Present in 33 countries around the world
· Employs more than 50,000 people world-wide (including Liberty)
For further information visit: www.standardbank.com/cib