Equity, Stanbic, Barclays shine at East Africa bankers awards

Bank representative pose with their trophies during the Banker East Africa Awards. PHOTO | SALTON NJAU | NMG

What you need to know:

The lenders were announced winners during a gala dinner for the fourth Banker Africa - East Africa Awards, 2017 held in Nairobi.

Equity #ticker:EQTY, Barclays #ticker:BBK and Stanbic #ticker:CFC banks outshone regional financial services peers during the annual banking awards.

The top individual award went to Equity chief executive James Mwangi who was named banker of the year.

The lenders were announced winners during a gala dinner for the fourth Banker Africa - East Africa Awards, 2017 held in Nairobi.

Equity led the way with four awards as Barclays and Stanbic bagged three awards each.

Equity scooped awards in best retail and digital bank in Kenya categories, best retail and CSR bank in East Africa categories.

Different regional units of Barclays and Stanbic won recognition with each taking three awards.

Barclays was named the best investment bank in East Africa, best commercial bank in Tanzania and best corporate bank in Uganda.

Stanbic was honoured for being the best investment institution in Kenya, best corporate bank in East Africa and best retail bank in Uganda.

Standard Chartered bank was awarded the best new online platform in Kenya.

In total 30 institutions across seven countries – Kenya, Ethiopia, Mauritius, Rwanda, Sudan, Tanzania and Uganda shared 46 corporate awards. About 95 institutions had been enlisted.

Robin Amlot, chief executive of CPI Financial, the event organiser said the awards aim to promote best practice and offer recognition to the key players working to help create a prosperous diversified future for the region’s economies.

The winners were decided through 77,000 votes cast by the financial services community in East Africa, which CPI Financial said was the largest number in the four-year history of the regional awards, and three times the number of votes cast in the previous year.

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Note: The results are not exact but very close to the actual.