Swaziland

BEST BANK
Swazibank

Swazibank, which was originally set up as the Swaziland Development and Savings Bank in 1965, and reincarnated in its present form in November 2001, has enjoyed a spectacular turnaround in its fortunes in recent years. Its operating profit in the year ending March 2004 (the latest for which figures are available) reached a record E42.4 million ($6.3 million), up 17.8% on 2003. Net interest income climbed by 177% in 2004, which – according to Swazibank’s latest annual report – “clearly bears testimony to the level and quality of lending the bank has engaged in during the last year.