GTBank, Access, Ecobank, Coronation, Stanbic IBTC Selected For 2019 African Banker Awards

Guaranty Trust Bank Plc, Ecobank (Ecobank Transnational Incorporated), Coronation Merchant Bank and Stanbic IBTC Bank have been shortlisted in various categories of this year’s African Banker Awards, holding next month in Malabo, Equatorial Guinea.
According to a statement by African Press Organisation on behalf of the organizers, the award, holding in the sidelines of the annual meetings of the African Development Bank, Ecobank (ETI) was shortlisted for in the African Bank of the year, along with African Export-Import Bank (Afreximbank), Attijariwafa Bank of Morocco; Equity Group, Kenya; Mauritius Commercial Bank, Mauritius; and Trade and Development Bank.
Ecobank (ETI) was also nominated for best retail bank in Africa, along with Nigeria’s Guaranty Trust Bank, Coris, Burkina Faso; KCB, Kenya; and QNB AlAhli, Egypt; while Coronation Merchant Bank, also of Nigeria was nominated for the investment bank of the year, along with ABSA, South Africa; Nedbank, South Africa; Rothschild; and Standard Bank, also of South Africa.

Those shortlisted in the award category for financial inclusion are Nigeria’s Bank of Industry, 4G Capital, Kenya; Amhara, Ethiopia; Cofina, Senegal; and Jumo, South Africa; just as Access Bank Nigeria is among the five nominated for the socially responsible bank of the year, just as Bank Misr, Egypt; Equity Bank, Kenya; KCB, Kenya, and Qalaa Holdings, also of Egypt.

Stanbic IBTC Bank was nominated in the equity deal of the year category for its handling of the Flour Mills of Nigeria rights issue; just like Al Ahly’s Canal Sugar Equity; EFG Hermes, for the ASA IPO; RenCap’s CiplaQCIL IPO; and Standard Bank/RMB’s Vivo Energy IPO.
For the deal of the year, debt category, Rothschild was nominated for its handling of the $2.2bn Republic of Senegal Dual-Currency Eurobond; TDB for the $1bn Sovereign Loan to GoK; and Afrexim for the $500m ChinaExim Syndicated Loan. CIB was also shortlisted for its $389m Egyptian Refining Company; just as Absa for the $350m Old Mutual Renewable Energy IPP Procurement Programme.

In the infrastructure deal of the year category, Absa was nominated for the Enel Green Power deal; Afrexim, Syndicated Loan for EBOMAF/Government of Cote D’Ivoire and National Bank of Egypt’s ElSewedy Electric Hydropower Project. RNB was nominatedfor the Roggeveld Wind Power Project; just like TDB for the Mozambique FLNG Project.

Shortlisted for the African Banker of the year category, are: Admassu Tadesse of Trade and Development Bank, Kenya; Brehima Amadou Haidara of La Banque de Développement du Mali; Brian Kennedy, Nedbank, South Africa; James Mwangi; Equity Bank, Kenya; and Johan Koorts, ABSA, South Africa.

The statement quoted Chair of the Awards Committee, Omar Ben Yedder, the Group Publisher and Managing Director of IC Publications Group which publishes African Banker Magazine, as saying a record amount of entries were received this year.
The banking industry, he continued, “is itself being disrupted by technology and one could sense that the sector is embracing this technology to develop solutions that will truly benefit the real economy. Financial inclusion lies at the heart of formalizing our industries and fintech is playing a role in bringing finance to the masses. Banks have had to be more prudent following the recent downturn but they still managed to post solid growth and the sector seems buoyant despite some setbacks in certain countries. This strength was apparent in the banks nominated and I look forward to meeting and recognizing the leaders behind these institutions.”

The organizers said a number of new banks from across different categories, are on the shortlist, just like giants from the industry; besides reflecting the diversity of high performing banks on the continent.
Individual recognition will also be given in the categories for the Regional Bank winners, Central Bank Governor of the Year, Finance Minister of the Year and Lifetime Achievement.

“The finalists, selected by an expert judging panel of bankers and business leaders, will be announced at the African Banker Awards ceremony which will take place on the evening of the 11th June,” the statement added.
The awards are held under the high patronage of the African Development Bank and are sponsored by The African Guarantee Fund and The Bank of Industry. The Gala Dinner and Awards presentation will take place at the Gaviota, by the Sofitel Sipopo, Malabo.

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