Stanbic Bank Botswana recognised in The Innovators 2017 by Global Finance

Stanbic Bank Botswana firmly believes in ensuring that one’s bank is more than simply a place to put one’s money; a bank should be the financial partner of its customers, adding value at every turn. This was the sentiment held true at a recent engagement hosted by Stanbic Bank Botswana at its Head Office in Gaborone. The inaugural Product Fair served as a means to engage friends and family of the bank to showcase the many value-adding solutions and capabilities of the Stanbic Bank team, primarily through the Personal & Business Banking (PBB) division.

Global Finance magazine has announced The Innovators 2017, with Stanbic Bank Botswana taking home an award within the Corporate Finance category for Process Innovation. Stanbic Bank welcomes this award under the Corporate Finance category for a bilateral deal executed by the bank’s Corporate & Investment Banking (CIB) division for Wilderness Safaris in 2016. Stanbic Bank served as the Sole Arranger. The award will be presented at Global Finance’s Digital Bank and Conference Awards in London on the 2nd of November 2017.

Stanbic Bank led the charge in opening a structured, multi-currency loan facility. This allowed Wilderness to raise a USD35 million bilateral loan for purchase of a new ecotourism company in Kenya. This was one of the largest corporate deals in Botswana in 2016 and was fully funded by Stanbic Bank Botswana on a bilateral business.

Said Stanbic Bank Botswana Head of Corporate & Investment Banking, Mr Sheperd Aisam, “We are humbled and indeed honoured by such recognition, in such illustrious company as afforded by other recipients of this prestigious award. The Wilderness Safaris deal is something we remain incredibly proud of, and speaks to our insight, expertise and capability as a Botswana business with firmly African roots in our Standard Bank Group heritage.”

This is the Global Finance’s second annual listing of companies and banks that are engendering innovation in their field. “Corporate finance leaders seek tools that enable well-informed decision-making, and the latest innovations seek to build that capacity, whether by centralizing information for security or de-centralizing to share data across a network of stakeholders,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Meanwhile, the banks that serve them are devising ever more ingenious financial instruments to support business activities around the world.”

All selections were made by the editorial board of Global Finance, taking into consideration nominations and submissions. In addition, the board reviewed key research and the input of experts in evaluating companies and banks that stand out for their transformative and innovative solutions, also referencing the OECD’s Oslo Manual of Innovation.

“This deal was one example of our ability to find innovative solutions for home-grown African multi-national clients committed to Africa and promoting local growth. We do not do what we do for the accolades; we do it to move our people forward. However, such recognition is welcomed in reaffirming we are making strides in delivering on our mandate as a business and for our valued clients,” concluded Mr. Aisam.

Global Finance also named Stanbic Bank as the Best Bank in Botswana in April 2017.This was part of the magazine’s twenty-fourth annual awards for the World’s Best Banks.