Standard Bank is best foreign currency provider

Standard Bank Group has been named the best foreign exchange provider in Africa at the recent 2016 Global Finance World’s Best Foreign Exchange Providers Awards for the fourth successive year.

In a press statement released by the bank, Lesego Osman, head of Global Markets in Malawi, said as a token of appreciation to its customers for the award, the bank has removed commission on all telegraphic foreign currency transfers (TT) for the month of March 2016.

“We are delighted to have received this recognition for our work in a field that is so important for maintaining Africa’s economic growth. In Africa, clients value quality service above all else.

“The support from Malawians has contributed to our success at the group level and this limited offer is our acknowledgement of that. Standard Bank group has consistently gained recognition as the best foreign currency deal maker on the continent,” Osman said.

He said Standard Bank’s group rating on forex provides great opportunity for economies covered by the bank such as Malawi to leverage on.

“Malawi stands to benefit greatly from the synergy that Standard Bank group offers in Africa. The country needs to tap into the efficiencies we offer. In Malawi, we have in-house capabilities and people in both Lilongwe and Blantyre who are more than eager to pass the benefits of foreign currency services and management to local business,” he said.

According to Global Finance Magazine, the annual awards recognise the leading players in foreign exchange trading in 95 countries and across nine global regions. Criteria for choosing the winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. n