Stanbic IBTC Bank Wins Best Foreign Exchange Provider Award

Stanbic IBTC Holdings PLC, has emerged the Best Foreign Exchange Provider in Nigeria at the Global Finance World’s Best Foreign Exchange Provider Awards.

According to a statement ,the event held at RSA House in London recently.

Stanbic IBTC Bank PLC won the award having performed excellently in the following areas: customer service, scope of global coverage, transaction volume, innovative technologies, competitive pricing and market share.

The panel of judges at the Global Finance award also considered various inputs from industry analysts as well as corporate executives and technology specialists.

Headquartered in New York, with offices around the world, Global Finance awards identifies and awards top performers among banks and other providers of financial services.
The best performing financial institutions are recognized at three levels: global, regional (continent) and country.

Standard Bank, the parent company of Stanbic IBTC Holdings PLC, was awarded as the Best Foreign Exchange Provider for Africa at this year’s awards.

The Nigerian Capital Importation reports of the Nigerian Bureau of Statistics identified Stanbic IBTC Bank PLC as attracting the highest volume of capital investments into Nigeria in the second and third quarters of 2019.

Meanwhile,
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, held in London on 20 January.

The Summit will create new lasting partnerships between UK and African businesses, governments and institutions to deliver more investment, jobs and growth.

These partnerships will benefit people and businesses across Africa and the UK.

Hosted by the Prime Minister, the Summit will bring together UK and African businesses, African leaders and delegations, international institutions and young entrepreneurs.

The summit will cover topics including: Trade and investment, infrastructure development, sustainable finance, the role of the City of London in attracting African businesses to raise capital, clean energy, women’s economic empowerment and creating jobs for young people across the continent.

Commenting on the sponsorship, Sola David-Borha, Chief Executive, Africa Regions, Standard Bank, said: “We are proud to be a sponsor of this prestigious and important summit. Africa is home to many fast-growing economies and businesses, and it is very positive to see the recognition of the huge potential for UK companies and investors.

Furthermore, improving socio-economic ties between the UK and Africa can only be mutually beneficial. There are an increasing number of African businesses and governments looking to the UK, and the City of London in particular, to access capital, as well as investment and commercial expertise across different sectors.

“British investors and businesses are increasingly recognising Africa’s potential and the role they can play in boosting the continent’s long-term growth – particularly through investments that have positive social, economic and environmental impacts.

This well-timed summit will help to build significant and long-lasting commercial ties between the UK and Africa.”

Sola David-Borha will participate in a panel event on Sustainable Finance and will be meeting British and African leaders across business, politics and other institutions.
International Development Secretary Alok Sharma visited Africa ahead of the Summit.

Mr Sharma said ahead of his visit: “Africa has eight of the 15 fastest growing economies in the world but currently receives less than 4% of foreign direct investment.

“There are fantastic opportunities for UK businesses to work alongside, invest in and partner with African nations.

“At the UK-Africa Investment Summit in London on January 20, we will bring together UK and African businesses, African leaders, international institutions and young entrepreneurs to drive the investment Africa needs to flourish. I look forward to seeing many of you there.”