AfrAsia scoops best bank award

HARARE - AfrAsia Kingdom Zimbabwe Limited (AKZL)’s anchor shareholder AfrAsia Bank Limited (ABL) has won the African Banker Awards (ABA)’s best bank in southern Africa 2013 prize.

The Mauritius-based regional banking group was acknowledged by ABA — at an annual ceremony held in Morocco last week — for its consistent performance, quality of financial products and services, leadership status and contribution to the growth and development of the sector in the sub Saharan region.

“This is a continuous acknowledgment of excellence and innovation for AfrAsia Bank Limited and further proof of its active role in driving economic growth within the region while achieving strong credentials,” said Thierry Vallet, ABL’s executive director.

The award comes hard on the heels of another one scooped from Euromoney for being the “Best Local Private Bank” early this year.

James Benoit, ABL’s chief executive, added that the awards “confirmed the bank’s successful strategy on the African ground as we leverage our global capabilities to bring excellence in the advice and financial solutions we provide.”

“We have recognised the need for an active advisory technique in investment and our aim is to exceed the expectations of our clients and meet their needs with tailored investment solutions through a timely process in all transparency,” he said.

ABL, acquired a 35 percent stake in the then Kingdom Financial Holdings Limited in 2012 after injecting $9,5 million into the now rebranded AKZL group. - Business Writer

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