Ratio Magazine :: The Inside Track to East Africa’s Economies - Africa Agenda: Press Releases: Standard Bank Wins Best Investment Bank

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Africa Agenda: Press Releases: Standard Bank Wins Best Investment Bank

Wednesday, 15 July 2009

14 July 2009 --- Standard Bank, operating as CfC Stanbic Bank in Kenya, has reinforced its emerging markets and African credentials by winning three Euromoney Awards for Excellence.

Specifically, Standard Bank was recognised as:
•Best Investment Bank in Africa
•Best Investment Bank in Nigeria
•Best Equity House in Africa.
Richard Gush, Chief Executive, Corporate and Investment Banking, Standard Bank Africa, says: "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-profiles and successful transactions across Africa, including:
•Joint issuing house, arranger and primary dealer to a NGN275bn debt issue programme by the Lagos State Government;
•Lead mandated arranger on the Tanesco loan, one of the largest single commercial loans ever arranged in East and Central Africa; and
•Joint issuing house and underwriter to a USD2.5bn regional initial public offer by ETI across Nigeria, Ghana and the West African Economic and Monetary Union region.

Yinka Sanni, Executive Director at Stanbic IBTC Bank in Nigeria, adds: "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 Bank. It is also a testimony to the confidence our clients have shown in the Standard Bank brand."

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