STANDARD Lesotho Bank last week scooped two Global Banking and Finance Review Awards with the financial services group’s CEO, Mpho Vumbukani, winning the coveted “Best Banking CEO Lesotho 2014” gong.
The Global Banking and Finance Review is a United Kingdom-based online portal which provides information and news for the global banking and finance industry. According to the online portal’s website, it is read in over 200 countries and has 4.2 million page views annually.
Incepted in 2011, the awards are meant to recognise companies of all sizes that are prominent in particular areas of expertise and excellence within the global financial community. Over the years, the awards have evolved and grown to include such arenas as foreign exchange, banking, insurance, hedge funds, pension funds, compliance, corporate governance, wealth management, Islamic finance, exchange traded funds, project finance, binary options, technology, corporate social responsibility (CSI), among others.
Standard Lesotho Bank received the awards of “Best Retail Bank Lesotho 2014” and “Best Corporate Bank Lesotho 2014”, with the portal taking into consideration such criteria as excellence in retail and corporate banking.
It scored well in such categories as launching of value-added services for retail clients, strong commitment and investment in products and services to meet client needs and tailor made solutions for corporate clients.
It also did well in comprehensive treasury offering a range of services including foreign exchange and letters of credit to investors and other international organisations.
The bank also won acclaim for its contribution to Lesotho’s economy through structured financing, knowledgeable staff and local presence as well as commitment to CSI.
According to Mr Vumbukani, the awards show that Standard Lesotho Bank’s hard work is not going unnoticed, adding that they are proud to have made a difference in the lives of their clients.
The awards, he said, serve as a wake-up call to all the banks in Lesotho, since it is important for all financial services providers in the country to work hard to improve their performance for the benefit of clients.
Mr Vumbukani attributed the milestone to the hard work of the employees of the bank, as well as to the cooperation of its clients.
The awards are open to companies of all sizes thus offering a comprehensive and competitive view of the financial markets that exist across the globe. The entire awards process is free of charge, including the nomination, selection and announcement under the award winners section. Award nominations in the various categories are received from the portal’s readership and from individual companies through written submissions or by way of their on-line nomination form throughout the year.
Companies are not restricted to participate in pre-selected subcategories thus permitting niche areas to be identified and the achievements of nominees in those areas to be acknowledged. – Staff Writer/LENA.