African Banker Awards, Kigali, Rwanda

African Banker Awards, Kigali, Rwanda


African Bank of the Year
GT Bank
Guaranty Trust Bank plc, also known as GTB or GTBank, is one of the largest banks in Nigeria based in Victoria Island, Lagos and is considered to be one of the largest companies in the entire Western African region.
The bank’s primary business is the provision of a full range of financial services to its corporate and individual clients and it spans Nigeria, Ghana, Gambia, Sierra Leone, Liberia, Côte d’Ivoire, Uganda, Rwanda, Kenya and the UK.

Fund of the Year
Investec Asset Management
Starting in South Africa in 1991 as a small start-up offering domestic strategies in an emerging market, Investec Asset Management is now an international business managing approximately $120bn for clients based all over the world. It provides investment products and services to institutions, advisory clients and individuals.

Investment Bank of the Year
Rand Merchant Bank
Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank. It has access to retail banks in 25 African countries and is part of one of the largest financial services groups in Africa. It offers innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

Award for Innovation in Banking and also the Socially Responsible Bank of the Year Award  
Nedbank is one of the largest banks in South Africa but one of the newest banks to be incorporated. It is based in Southern Africa, with selected expansion into the rest of Africa with a pan-African banking alliance with Ecobank Transnational Incorporated, giving its clients access to 37 countries across Africa.

Award for Financial Inclusion
MasterCard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. It provides a family of well-known, widely accepted payment card brands including MasterCard, Maestro
and Cirrus.

Deal of the Year
Bob Diamond, previously of Barclays Bank, saw the $325m IPO of his new investment vehicle, Atlas Mara Co-Nvest, in a deal overseen by Citi as adviser and bookrunner. Diamond has partnered in Atlas Mara Co-Nvest with Ashish Thakkar, the head of Mara Group, a $1bn conglomerate with business in 19 African countries. Atlas Mara is the first listed cash shell targeting the banking industry in Africa.

Deal of the Year
Guaranty Trust Bank and Standard Chartered Bank led nine other local and international commercial banks in the provision of a loan facility to Dangote lndustries of $3.3bn to construct the biggest petroleum oil refinery and petrochemical/ fertiliser plants in Nigeria. Standard Chartered was the lead financier.

Best Retail Bank in Africa  
State Bank of Mauritius
The State Bank of Mauritius Group (SBM) is a leading financial services group in Mauritius with a growing international presence. It provides all services of a universal bank within a diversified business model.

Best Islamic Finance Initiative Banque Islamique de Mauritanie
The Banque Islamique de Mauritanie/Islamic Bank of Mauritania (BIM) has all products and services compatible with Shariah. It was created by the holding company Tamweel Africa, itself a joint venture between two important institutions in the field of Islamic finance, the Islamic Corporation for the Development of Private Sector (SID) and Bank Asya, the largest Islamic bank in Turkey.

Mortgage Bank/Product of the Year
Nigerian Mortgage Refinance Company
The NMRC is a private sector-driven company with the public purpose of developing the primary and secondary mortgage markets by raising long-term funds from the domestic capital market and foreign markets and provide accessible and affordable housing in Nigeria, incorporated in 2013 as Nigeria Mortgage Refinance Company Plc.


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Written by African Business Magazine

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