Stanbic wins ZimInd award

Alpha Media Holdings Kenias Mafukidze gives welcome remarks at Banks and Banking survey which is run by the Zimbabwe Independent in partnership with First Capital Bank.

STANBIC Bank was named the country’s best bank in the 2023 Zimbabwe Independent Banks & Banking Survey.

Nedbank Zimbabwe managing director Sibongile Moyo was named the best banker.

The survey is run by the Zimbabwe Independent in partnership with First Capital Bank. This year’s edition was held under the theme Achieving Economic Growth through Sustainable Finance.

ALPHA Media Holdings (AMH) editorial board chairperson and former Harare mayor Muchadeyi Masunda in attendance of 2023 Zimbabwe Independent Banks & Banking Survey 

“Stanbic Bank managed a healthy interest income underpinned by an uplift in average lending book which jumped by a huge margin, reflecting heightened appetite for foreign currency funding,” Erccro Consultancy, which carried out the survey, said.

This year, three new categories were introduced, whose winners were voted for by the public.

ZB Bank Limited won the Best People’s Choice award, while Stanbic Bank Zimbabwe was voted the Best Bank for Customer Service and African Century Limited won the award for the Best Deposit Taking Micro-Finance Institution Supporting Small to Medium Enterprises.

CABS, Zimbabwe’s biggest mortgage lender, won the Building Society of the Year accolade.

Steward Bank lifted the Financial Inclusion Award in recognition of its strategy to open fresh ground in unbanked pockets of the market.

NMB Bank, last year’s winner of the Best Bank accolade, this year got the Digital Innovation Award.

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