Stanbic named safest Bank in Kenya by Global Finance survey

By Soko Directory Team / October 16, 2017

Mr. Philip Odera, CEO, CfC Stanbic Bank

Stanbic Bank Kenya has been ranked as the safest bank in Kenya according to international financial publication, Global Finance.

Stanbic Bank Kenya Chief Executive, Philip Odera says:  “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. 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.”

Each year, Global Finance ranks the world’s safest banks based on evaluations of long-term foreign-currency ratings from global rating agencies Moody’s, Standard & Poor’s and Fitch.  Global Finance’s list of the World’s 50 Safest Commercial Banks is Germany’s DZ Bank.

This highly anticipated annual list of the World’s 50 Safest Banks, 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.

The full World’s Safest Banks’ rankings and their details will be released in the November issue of the Global Finance magazine.

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