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Standard is Malawi’s bank of the year-2022

Standard Bank’s Chief Executive Phillip Madinga

LILONGWE-(MaraviPost)-Standard Bank Plc’s zeal and determination in driving the country’s growth coupled with excellent delivery of financial services has earned it recognition by The Banker Magazine as Bank of the Year 2022 – Malawi.

The Banker is one of the world’s trusted publications by Financial Times that provides economic and financial intelligence for the global financial sector with objective and incisive business coverage and analysis.

The Banker has been a trusted source of banking information since 1926 and since navigated its way through over 90 years of banking coverage with a reputation of accuracy, authority, and integrity.

Commenting on the award, Chief Executive Phillip Madinga said the award highlights its commitment towards transforming the growth of Malawi.

“We feel greatly honored that our services and impact have been appreciated globally. Our focus continues to lean towards enhancing economic development of the country. This is in line with our core purpose which is ‘Malawi is our Home, we Drive her Growth’,” he said.

He said the recognition highlights the effective working partnerships that the Bank is forging with customers, Government, and various stakeholders in the country.

“We dedicate this award to our valued customers for choosing to partner with us in their quest to grow Malawi. We believe the Bank drives development in various sectors of the economy through our customers and partners – impacting the energy, manufacturing, transport, import and export as well as the agriculture sector – to mention a few,” he said.

The Chief Executive added that the award reflects the Malawi’s potential to set service standards globally.

“We believe this win amplifies Malawi’s potential on the global stage. Within our broader Standard Bank Group, Malawi is alongside South Africa in being recognized for this award” said Madinga.

The Malawi Stock Exchange-listed bank has assured stakeholders of a continued quality financial services which is a pillar for business success.

“This is a great motivation to be put our customer first in responding to their needs and needs of the broader community. Our hope is to be more than a Bank, championing both our financial services and our social impact,” said Madinga.

In addition to this award, in April, Global Finance named Standard Bank Plc as Best Bank in Malawi 2022 during the announcement of its 29th Annual Best Bank Awards for 2022.

While in June this year, the Chartered Institute of Customer Management (CICM) named Standard Bank Plc as the 1st Runner Up for Best Customer Service in the banking sector and awarded the Bank’s Chief Executive, Phillip Madinga as Best Customer Service Personality for 2022.

Most recently in October, the Institute of Marketing Malawi awarded the Bank’s Phuka Incubator Programme as Best SMEs Initiative of the Year 2022, acknowledging the Banks work in uplifting entrepreneurship and small businesses in Malawi.

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Lloyd M’bwana
Lloyd M’bwana
I'm a Lilongwe University of Agriculture and Natural Resource (LUANAR)'s Environmental Science graduate (Malawi) and UK's ICM Journalism and Media studies scholar. I have been The Malawi Country Manager and duty editor for the Maravi Post for the past Three Years. My duty editor’s job is to ensure that the news is covered properly, that it is delivered on time, and that it is created to the standards set out in the editorial guidelines of the Maravi Post. I also decide most of what the user will or will not see. And those users will be clicking on the website expecting to see what their trusted news. Organisation has to say on an issue. I started as a senior Reporter with the Maravi Post over a 6 years ago. When I have time, I do field reporting as well.

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