Stanbic hits a ‘homerun’, named best bank by Financial Times

Not only is it the biggest by asset size and the most profitable bank in Zambia, Stanbic is onto a path to defying odds in 2019 by crossing the K400 million psychological earnings after tax mark which no financial institution has ever beat. A few weeks ago, the bank launched one minute digital loans no bank has ever offered in Africa’s red metal producer but is also alive to partnering with the authorities in addressing energy deficit challenges when it unveiled yasha mailaiti asset finance product at the alternative energy expo.

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Descending into the weekend, Stanbic was by Financial Times named Zambia’s best bank with a pedigree of excellence at a function in London, demonstrating remarkable service and financing of key projects in the country. It’s the second time in row the blue bank is bagging this accolade.

“We pride ourselves in being more than just a bank. We exploit our digital expertise and human condition to create services relevant to the modern and futuristic customer. This translates to respect, trust, empathy and a constant personal touch to complement our digital platforms in service delivery,” Stanbic Chief Executive Leina Gabaraane said. 

He noted that despite the bank’s heavy push for full digitization, there would be no mass closure of branches like other banks are narrowing presence in tough economic conditions. Zambia is our home and we drive her growth, he said.

“We are constantly training our staff and upgrading our online platforms to enhance customer- facing web and mobile applications, he said.

“It is an honour to be awarded for our work in serving Africa’s economies,” Standard Bank Group Chief Executive Sim Tshabala said.

The Kwacha Arbitrageur