NAIROBI, Kenya, Oct 17 – Stanbic Bank Kenya has been ranked as the safest bank in Kenya by an international financial publication.
Global Finance, which has just released its 26th Annual World Safest Bank awards list, ranked the world’s safest banks based on evaluations of long-term foreign-currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch.
Germany’s DZ Bank topped the list which also includes world’s 50 Safest Commercial Banks in emerging markets and by region.
Stanbic Bank Kenya is the only bank from Kenya to have been recognised out of the over 40 banks operating in the country.
Stanbic Bank Kenya Chief Executive Office, Philip Odera says one of the biggest worries at the moment for customers is financial strength and stability of a financial institution.
“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,” says Odera.
Odera further added that he is pleased that the Bank’s prudent approach in managing its risks and balance sheet is receiving international recognition.
The full World’s Safest Banks’ rankings and their details will be released in the November issue of the Global Finance magazine.