The award is a trusted standard of excellence for the global financial community, which recognizes financial institutions’ commitment to meet customers’ international trade finance requirements in order to facilitate trade in domestic and global markets.
Speaking after receiving the award, CfC Stanbic Bank Head of Transactional Products and Services, Mr Joe Alaro said: “We are extremely honoured to be the first bank in Kenya to receive this award and be recognized for excellence in this specialist area of financial services by the market. This is a great accomplishment for us as it reaffirms our commitment to offer end-to-end, client-led trade solutions that enable them buy and/or sell products locally and internationally.”
With Africa increasingly becoming a key player in the global trade economy, it is important to have a solid and competent financial partner to engage competitively in emerging and developed economies globally.
“Kenya is strategically located as a trading hub in the region and continues to record growth in trade both in regards to imports and export. As a bank we are at the centre of driving this growth by providing solutions that meet our clients’ needs and offer competitive funding through experienced teams that help the client achieve success in every transaction in domestic and global markets” added Joe.
Recently, the bank was also named Best Treasury and Cash Management provider in Kenya and the Best Foreign Exchange provider in Kenya and Africa at the 2016 Global Finance World’s Best Foreign Exchange Providers Awards.
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