Stanbic Bank Wins Euromoney For The Third Year In A Row

Stanbic Bank Kenya has for the third year been recognized as Kenya’s Best Investment Bank by Euromoney Awards for Excellence 2021.

This unique recognition honors Stanbic Bank Kenya for its outstanding expertise, skills, and experience in structuring and implementing complex transactions in the region including debt arranging, loan syndications, capital markets issuances, and advisory services.

Stanbic Bank Chief Executive Mr. Charles Mudiwa noted: “We are grateful for the recognition, we commend our clients, employees, and partners for trusting our vision and walking the journey with us.

Stanbic Bank has been a leader in restoring growth and mapping a way forward. In 2020, in the wake of the pandemic, Stanbic Bank played a key role in economic recovery by forming partnerships to mobilize resources to combat the COVID-19 pandemic. We are glad to be in a position where we drive sustained and inclusive growth in Kenya and across Africa and we are always finding new ways of connecting our customers to the markets that hold potential for businesses to expand and grow.”

The Corporate and Investment Banking division has an outstanding deal winning track record which includes the majority of the leading local entities as well as multinationals across the country’s key sectors such as Financial Services, Energy & Infrastructure, Consumer as well as Government & Public Sector clients.

Notable key strategic deals and transactions the bank has executed during the EuroMoney review include Kenya’s first-ever Green Bond by Acorn Holdings, which was a KSh5.7 billion medium-term note program, listed on both the Nairobi Securities. Exchange and the London Stock Exchange.

The Acorn transaction was awarded the New Market Green Pioneer in the Climate Bonds Initiative 5th Green Bond Pioneer Awards. Additionally, Jubilee Holdings Limited appointed Stanbic Bank Kenya Limited to advise it on the sale of controlling stakes in five insurance subsidiaries operating in Kenya, Uganda, Tanzania, Mauritius, and Burundi to one of the world’s leading integrated financial service groups – Allianz – as part of creating a strategic partnership in the region.

The transaction value was approximately USD 100 million, and the deal was recognized by Dealmakers Africa as ‘East Africa Deal of the Year for 2020”.  Stanbic helped Jubilee design and implement the transaction by developing the transaction strategy, negotiate the transaction agreements and help obtain shareholder approvals for the transactions.  Stanbic is now engaged in overseeing the completion of the transactions.

Jonathan Muga, Head of Investment Banking Kenya added that “Stanbic Bank leverages our expertise and insights on the Kenyan market supported by cross-border presence to create solutions for our clients that accelerate growth for their businesses. We have demonstrated expertise in sectors relevant to real growth and development, supporting key clients in the country and beyond. We have remained at the forefront of innovative client solutions by introducing Multi-Currency Facilities and Sustainability Linked Funding to meet evolving client needs.”

Stanbic Bank Kenya is a member of the Standard Bank Group which continues to demonstrate its commitment to the continent, its growth, and the financial sector. Much of Africa’s future growth will emanate from infrastructure development and improvement projects, which will require long-term funding solutions. With a team that is uniquely placed to understand and monitor the region’s financial markets, Stanbic Bank is the market leader across all products and has earned a reputation for structuring solutions that are relevant and valuable to our clients.