Rédaction Africa Links 24 with Malawi Voice
Published on 2024-03-11 15:50:27
In 2024, Standard Bank has once again been recognized as the most valuable banking brand in Africa, marking the third consecutive year that the bank has claimed the top spot in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. With a brand value that has increased by 12.4% in the past year, Standard Bank now boasts a brand value of over $1.9 billion US dollars, solidifying its position as the top banking brand in Africa and rising to 138th place in the global ranking, up from 145th in 2023.
Brand Finance conducts assessments of 5,000 of the largest brands across the globe and releases nearly 100 reports each year, ranking brands across various sectors. The annual Brand Finance Banking 500 ranking showcases the world’s top 500 most valuable and strongest banking brands. Standard Bank’s success in this ranking is a testament to the bank’s unwavering commitment to providing exceptional service to its clients and driving growth across Africa.
Sim Tshabalala, the Chief Executive of Standard Bank Group, expressed his appreciation for the recognition, stating, “We are honored to receive this accolade, which affirms our commitments to providing consistently excellent service for our clients and to driving Africa’s growth.” With a brand presence in 20 African countries and 6 international centers, the Standard Bank Group, also known as Stanbic Bank in other markets, is the largest financial services provider on the continent by assets.
Margaret Nienaber, the Chief Operating Officer of Standard Bank Group, highlighted the significance of the Standard Bank brand as a symbol of growth across Africa and emphasized the pride that the bank’s employees and clients take in the brand’s reputation. The independent valuation reaffirms the bank’s meaningful and relevant contribution to the people, businesses, and communities that it serves.
In addition to the bank’s success, Sim Tshabalala has been recognized as one of the Top 10 Bank CEOs in the Brand Guardianship Index. His advocacy for gender equality and women’s empowerment has been particularly noted, as he has spearheaded initiatives to support women leaders and organizations that empower them. The Brand Guardianship Index evaluates CEOs based on their ability to generate long-term corporate value while considering the needs of all stakeholders, including employees, investors, and the public.
Under Tshabalala’s leadership, Standard Bank has become a valuable partner in driving initiatives such as the Top Women Conference, which celebrates the achievements of women leaders. The bank’s efforts to enhance digitization and innovation in response to evolving customer needs through strategic partnerships have also been recognized for their role in maintaining the organization’s leading position in the industry.
Ms. Nienaber concluded by reaffirming the bank’s dedication to serving its clients with tailored services that meet their evolving needs, emphasizing Standard Bank’s unwavering commitment to unlocking the potential of the African continent. The continuous accolades and recognition received by the bank underscore its ongoing mission to provide exceptional service and drive growth across Africa.
Read the original article on Malawi Voice
