Malawi: Standard Bank scoops best award


  1. Sam Banda Junior, AfricaNews reporter in Blantyre, Malawi
    Standard Bank has been adjudged winner of the 2008 Best Banker award in Malawi. The award was given by United Kingdom (UK) based The Banker magazine for Standard Bank Malawi's great financial performance among others.
    Standard Bank
    Standard Bank Malawi managing director Charles Mudiwa said Thursday the award was the third in a row.

    “The Banker magazine decorated us on November 28 and we have been winning this award since 2006 because the bank performed better financially and achieved substantial growth in the year,” he said.

    According to the country’s local daily of the Daily Times, Mudiwa pledged that his bank would continue striving to provide better banking services to the public so that the bank’s shareholders get better returns.

    Malawi has several other banks among them NBS, National Bank, Nedbank, Inde Bank, Ecobank and Malawi Savings Bank.

    According to the report, Standard Bank Group which operates in 38 countries also won the African Bank of the Year and in nine other countries in Africa. The bank which employs over 48,000 people has assets worth US$174 billion with a market capitalizations of approximately US$15 billion.



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