Stan­dard Le­sotho Bank scoops global awards

Lesotho Times - - Business -

STAN­DARD Le­sotho Bank last week scooped two Global Bank­ing and Fi­nance Re­view Awards with the fi­nan­cial ser­vices group’s CEO, Mpho Vum­bukani, win­ning the cov­eted “Best Bank­ing CEO Le­sotho 2014” gong.

The Global Bank­ing and Fi­nance Re­view is a United King­dom-based on­line por­tal which pro­vides in­for­ma­tion and news for the global bank­ing and fi­nance in­dus­try. Ac­cord­ing to the on­line por­tal’s web­site, it is read in over 200 coun­tries and has 4.2 mil­lion page views an­nu­ally.

In­cepted in 2011, the awards are meant to recog­nise com­pa­nies of all sizes that are prom­i­nent in par­tic­u­lar ar­eas of ex­per­tise and ex­cel­lence within the global fi­nan­cial com­mu­nity. Over the years, the awards have evolved and grown to in­clude such are­nas as for­eign ex­change, bank­ing, in­surance, hedge funds, pen­sion funds, com­pli­ance, cor­po­rate gov­er­nance, wealth man­age­ment, Is­lamic fi­nance, ex­change traded funds, project fi­nance, bi­nary op­tions, tech­nol­ogy, cor­po­rate so­cial re­spon­si­bil­ity (CSI), among oth­ers.

Stan­dard Le­sotho Bank re­ceived the awards of “Best Re­tail Bank Le­sotho 2014” and “Best Cor­po­rate Bank Le­sotho 2014”, with the por­tal tak­ing into con­sid­er­a­tion such cri­te­ria as ex­cel­lence in re­tail and cor­po­rate bank­ing.

It scored well in such cat­e­gories as launch­ing of value-added ser­vices for re­tail clients, strong com­mit­ment and in­vest­ment in prod­ucts and ser­vices to meet client needs and tai­lor made so­lu­tions for corpo- rate clients.

It also did well in com­pre­hen­sive trea­sury of­fer­ing a range of ser­vices in­clud­ing for­eign ex­change and let­ters of credit to in­vestors and other in­ter­na­tional or­gan­i­sa­tions.

The bank also won ac­claim for its con­tri­bu­tion to Le­sotho’s econ­omy through struc­tured fi­nanc­ing, knowl­edge­able staff and lo­cal pres­ence as well as com­mit­ment to CSI.

Ac­cord­ing to Mr Vum­bukani, the awards show that Stan­dard Le­sotho Bank’s hard work is not go­ing un­no­ticed, adding that they are proud to have made a dif­fer­ence in the lives of their clients.

The awards, he said, serve as a wake-up call to all the banks in Le­sotho, since it is im­por­tant for all fi­nan­cial ser­vices providers in the coun­try to work hard to im­prove their per­for­mance for the ben­e­fit of clients.

Mr Vum­bukani at­trib­uted the mile­stone to the hard work of the em­ploy­ees of the bank, as well as to the co­op­er­a­tion of its clients.

The awards are open to com­pa­nies of all sizes thus of­fer­ing a com­pre­hen­sive and com­pet­i­tive view of the fi­nan­cial mar­kets that ex­ist across the globe. The en­tire awards process is free of charge, in­clud­ing the nom­i­na­tion, se­lec­tion and an­nounce­ment un­der the award win­ners sec­tion. Award nom­i­na­tions in the var­i­ous cat­e­gories are re­ceived from the por­tal’s read­er­ship and from in­di­vid­ual com­pa­nies through writ­ten sub­mis­sions or by way of their on-line nom­i­na­tion form through­out the year.

Com­pa­nies are not re­stricted to par­tic­i­pate in pre-se­lected sub­cat­e­gories thus per­mit­ting niche ar­eas to be iden­ti­fied and the achieve­ments of nom­i­nees in those ar­eas to be ac­knowl­edged. —

STAN­DARD Le­sotho Bank CEO Mpho Vum­bukani.

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