Standard Bank News

Standard Bank in year-end customer treats

Standard Bank on December 6th evening treated its customers to a year-end party, describing 2018 as a period when the bank received many accolades in praise of its capabilities.

Speaking at Crossroads Hotel in Blantyre, Chief Executive William le Roux paid tribute to customers for their loyalty to Standard Bank and supporting its delivery of excellent services and products.

“The year 2018 was great again. In our relentless pursuit for excellence, we continued to make history as a part and parcel of Africa’s most recognized bank. 2018 saw us awarded as the Best Investment bank by EMEA Banking Awards and by Euromoney Awards. In the same year, we were also recognized as the Best Sub Custodian Bank by Global Investor/ISF Sub Custody Survey. This recognition is because of your support, and we owe it to you,” said Roux..

Roux said the bank remained resilient in its credit management and assessments and in cost-optimization against the backdrop of a difficult economic environment.

“We remained resilient in our credit management and in cost-optimization. Having invested significantly to replace our core banking system with Finacle in 2017, Standard Bank is well positioned to deliver on our promise as bank of the future. A future where both digital and traditional banking complement each other to deliver cost-cutting, smart turn-around times and convenience” he said

He said Standard Bank’s digital offerings under the platform of 247 Moments has brought unencumbered access to banking for customers as they are now able to transact at any time and from any location using the phone, laptop and any computer.

Le Roux said with 247 customers can pay tax online, settle employee and supplier payments, complete international transactions, and in the personal banking space manage their accounts and enjoy making payments using the bank’s Visa cards locally and abroad..

For a country that is a net importer, you need an agile and secure E-commerce solution. I am proud that Standard Bank’s 247 Digital Platform is delivering on that promise,” he said.

The CEO also highlighted progress made by the bank in improving its branch network through refurbishments that have provided spacious banking halls for customers in Blantyre and Chichiri Shopping Centre. He said by 2019, the bank’s branch in Limbe would wear a new coat..