"It is a great satisfaction to see the Standard Bank brand being distinguished for its performance, for the third consecutive year. This distinction is recognition of the work carried out, over the last few years, towards the reformulation of our business model and the improvement of experience of our customers, consolidating our presence in Africa, and particularly in Angola, as a reference institution in the market", highlighted Luís Teles, CEO of Standard Bank of Angola.
Standard Bank increased its brand value by 12.4 percent last year to more than 1.9 billion dollars, placing it first in Africa and 138th in the world, up seven positions in relation to the 145th place achieved in 2023.
"It is an honor to receive this recognition, which confirms our commitment to providing excellent service to our customers and driving Africa's growth", highlighted Sim Tshabalala, CEO of Standard Bank Group.
Brand Finance is an independent consultancy, a world leader in brand valuation and strategy. Based in London, it annually evaluates 5000 of the biggest brands around the world and publishes around 100 reports, classifying brands in various sectors. The 500 most valuable and strongest banking brands in the world are included in the annual Brand Finance Banking 500 ranking.
Sim Tshabalala distinguished as one of the 10 best bank CEOs
In addition to the bank's recognition, the CEO of Standard Bank Group, Sim Tshabalala, was distinguished as one of the top 10 bank CEOs in the Brand Guardianship Index, having been particularly recognized as a defender of gender equality and women's empowerment.
"Under her leadership, Standard Bank has become an invaluable partner in supporting initiatives such as the Top Women Conference, which celebrates the achievements of women leaders and the organizations that empower them", says the Brand Guardianship Index, which evaluates CEOs for its ability to generate long-term corporate value, taking into account the needs of all parties involved, including employees, investors and the general public.
The bank's work to drive greater digitalization and innovation, in response to evolving customer needs, through organic and targeted partnerships, was also recognized as contributing to boosting the organization's leadership role.
Founded more than 160 years ago, Standard Bank Group is the largest financial institution in Africa, with a presence in 20 African countries and six international centers.
