Corporate and retail lender, Stanbic Bank has been ranked as the safest bank in Kenya by international financial publication, Global Finance.
Each year, Global Finance ranks the world’s safest banks based on evaluations of long-term foreign-currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch.
Germany’s DZ Bank was ranked the World’s Safest Commercial Bank, out of a list of 50 lenders in the just released 26th Annual World Safest Bank awards list.
This highly anticipated annual list also names the World’s Safest Banks by Country, the World’s 50 Safest Commercial Banks, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the Gulf Cooperation Council (GCC), and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Western Europe, Middle East, Latin America and North America).
Stanbic Bank Kenya is the only bank from Kenya to have been recognised out of the over 40 banks operating in the country.
“It is indeed an honour to be recognised in this light. One of the biggest worries at the moment for customers seeking financial solutions is financial strength and stability of the bank they choose,” said Stanbic Bank Kenya Chief Executive, Philip Odera.
“This award is a reassurance to our customers that they have made the right decision to choose us, as their financial partner. We would like to thank our customers for their continued trust, and commit that we will reciprocate by continuing to offer secure and stable platforms to transact and empower them to succeed,” Odera added.
Commenting on the recognition, he said he was pleased with the Bank’s prudent approach in managing its risks and balance sheet.