Global Finance names the 2011 World's Best Emerging Market Banks in Africa


NEW YORK, March 24, 2011 — Global Finance magazine has named the “Best Emerging Market Banks in Africa” in an exclusive survey to be published in the May 2011 issue. Global Finance editors—with input from industry analysts, corporate executives and banking consultants—selected the best emerging market bank in the region and in 22 countries. No awards given this year for Coted d’Ivoire or Libya. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

This is the eighteenth year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Asia, the Middle East and Africa, Latin America, and Central and Eastern Europe. “We remain in an unusually challenging environment for banks and their customers,” says Joseph Giarraputo, publisher of Global Finance . “More than ever, customers are demanding superior competence from their banking partners. These are the banks best providing that competence.”

Regional Winner: Standard Chartered Bank


Arab Banking Corporation Algeria


Banco Espirito Santo Angola


Standard Chartered Bank Botswana

Democratic Republic of Congo

Standard Bank Congo

Cote d’Ivoire

No Award Given
Djibouti International Commercial Bank-Djibouti


Nib International Bank


Standard Chartered Bank Gambia


Ghana Commercial Bank
Guinea International Commercial Bank Guinea
Kenya Barclays Bank of Kenya
Libya No Award Given
Mauritius Mauritius Commerical Bank
Morocco Attijariwafa Bank
Mozambique Millennium bim
Namibia Standard Bank Namibia
Nigeria FirstBank
Rwanda Banque Commercial du Rwanda
Senegal CBAO Attijariwafa Bank
Sierra Leone International Commercial Bank-Sierra Leone
South Africa Standard Bank
Sudan Al Salam Bank Sudan
Togo Ecobank
Tunisia Banque Internationale Arabe de Tunisie
Uganda Stanbic Bank Uganda
Zambia Standard Chartered Bank Zambia