Euromoney Awards for Excellence 2020 Africa winners revealed


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Equity Bank takes the region's best bank accolade in this year's Euromoney Awards for Excellence.

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Equity Bank is Africa’s best bank in this year’s Euromoney Awards for Excellence.

It has managed a rare feat for banks in the continent, to become a domestic champion and substantial regional player in East Africa. It is also named as Africa’s best digital bank.

“Under the stewardship of chief executive James Mwangi, the bank has come a long way from a traditional bricks-and-mortar institution. After two years of extensive investment in digital technology, it now better reflects the changing needs and behaviour of its customer base,” the magazine said.

Standard Bank is best investment bank in Africa for the second year running. It is the key player in local market financing and has also invested in upgrading its trade processes from manual to digital, which has reduced turnaround times and worked to automate guarantees and letters of credit. It is also this year’s best bank for transaction services, as well as for wealth management.

“At the end of 2019, the group reached its target of matching its South African investment banking revenues with its ex-South Africa business, something that Bill Blackie, group head of investment banking says was unimaginable four or five years ago,” Euromoney observed.

Citi is Africa’s best bank for advisory. The bank advised on four M&A transactions excluding South Africa and north Africa over the review period with a total deal value of $1.2 billion, and is the best placed international bank to advise large African clients on their options as the continent enters a protracted period of low growth.

Citi also wins the award for best bank for sustainable finance.

Standard Chartered is the best bank for financing, ranking in the top three houses across the Dealogic equity and debt capital markets and loan league tables for the continent. The bank’s Ghana operation has been awarded best bank transformation this year.

Access Bank Nigeria is the best bank for SMEs and Ecobank wins the best bank for corporate responsibility.

About the Awards for Excellence

Euromoney's Awards for Excellence are the awards that matter to the banks and bankers who matter. They were established in 1992 and were the first of their kind in the global banking industry. This year Euromoney received almost 1,000 submissions from banks in our regional and country awards programme that covers more than 50 regional awards and best bank awards in close to 100 countries. We will be receiving submissions and announcing winners in a further 25 global award categories in our September issue.

To access the results, contact Austin Ou Yang at +44 (0) 20 7779 8531 or, or subscribe online.