Stanchart Awarded As World’s Best Trade Finance Provider In Kenya

Standard Chartered Bank has scooped the 2022 Best Trade Finance Provider in Kenya award for its trade innovation in product capabilities and stellar focus on client-centricity.

The bank was awarded for first-class services and products that aptly addressed key client challenges brought about by the pandemic.

The editorial review board of Global Finance selected the best trade finance providers based on entries from banks and other providers, as well as input from industry analysts, corporate executives, and technology experts. Criteria for choosing the winners included: transaction volumes, the scope of global coverage, customer service, competitive pricing, and innovative technologies.

Commenting on the awards, Makabelo Malumane, Head of Transaction Banking, Kenya & East Africa at Standard Chartered Bank said, “This award from a recognized Financial Industry player is a testament to the Trade and Working Capital capabilities that we offer our clients and the impact this has on their businesses and the underlying economy at large.”

“In enhancing client experience and process simplification, we are leveraging our digital capabilities on our enhanced flagship Straight2Bank online banking platform to truly make Standard Chartered Bank easy to bank with,” added Ms. Makabelo.

The Bank’s innovative and practical approach to Supply Chain Finance under the banner of “Banking the Ecosystem” has also enabled the bank to support Small and Medium Enterprises clients with a full suite of Trade Finance propositions to meet their evolving business needs.

Global Finance was founded in 1987 and has a circulation of about 50,000 and readers in 193 countries. The Global Finance awards select the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.