Rikus Grobler | Oct 18, 2017 | 0
Standard named Best Bank in Namibia
For the 8th consecutive year, Standard Bank was awarded as the Best Investment Bank in Africa and as the Best Innovative Bank in Africa by two leading financial magazines namely EMEA Finance and The Banker magazines respectively.
As part of Standard Bank Group, Standard Bank Namibia scooped the Best Bank in Namibia Award for its relentless focus on fostering fruitful engagements and beneficially mutual investments with corporate clients within the local market.
Standard Bank Namibia’s Head of Corporate and Investment Banking Amit Mohan said the awards are well-deserving as it places Standard Bank as the leading corporate and investment bank both locally and across the entire African continent.
“These accolades, alongside many other high profile awards we have attained through the years, shows that we are a solutions-driven bank that caters for our corporate clients’ business needs and growth interests. It also demonstrates how we are helping the local economy and African continent to realise its potential by leveraging our extensive footprint and expertise through our involvement in a number of transformative landmark deals.”
Among a few of those notable deals done highlighted this year alone is when Standard Bank Namibia together with Olthaver and List Group of Companies and Howard and Chamberlain secured the N$210-million infrastructural deal for the construction of the upmarket 77-on-Independence complex in Windhoek’s central business district. Other major investments include Standard Bank’s joint financing of US$150 million deal for the procurement of a Debmarine Namibia’s new diamond exploration and sampling vessel. This was also followed on by Standard Bank Namibia acting as joint lead arrangers as they successfully facilitated Namwater’s debut corporate bond issuance in April of this year. Namwater raised an overwhelming bid of N$468million from investors as a result of this partnership.
“As banking financiers Standard Bank has an intrinsic understanding of what it means to do business on the continent, and in growing the important sectors like mining of minerals, oil, gas, and renewables such as energy, power and infrastructure. Standard Bank has deep roots in Africa. Standard Bank Namibia is therefore proud of our entire Group’s achievements in Africa,” explains Mohan. Standard Bank Group currently operates in 20 African countries.