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Banking and Insurance

Time Magazine recognizes Standard Bank as one of the best companies in the world

Standard Bank Group, the largest financial group in Africa by assets, has been named one of the world’s best companies by Time Magazine and one of the world’s most trusted companies by Newsweek. Time and Newsweek are two of the most respected magazines in the world, having been published for almost a century.

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"These distinctions are of great importance to our institution and further reinforce our determination to provide excellent services throughout the African continent, and in particular in Angola, where we have been present for more than a decade," said Luís Teles, CEO of Standard Bank of Angola (SBA).

Time Magazine's ranking, now in its second edition, is the result of an exhaustive analysis of the best-performing companies worldwide. The study was based on fifteen criteria, including employee satisfaction, revenue growth, environmental protection, social responsibility and corporate governance (ESG).

In turn, Newsweek's World's Most Trustworthy Companies report, conducted in collaboration with the global data and business intelligence platform Statista, analysed companies from 23 sectors in 20 countries. The survey considered all listed companies with a turnover of more than 500 million dollars and headquartered in 20 countries.

"Our presence in Africa, and in Angola, has been guided by the fact that we always place our customers, partners and employees at the heart of everything we do. This is our guiding principle in building a financial institution that aims to continually evolve the way we work, develop our people and change our culture," added Luís Teles.

Founded over 160 years ago, the Standard Bank Group is the largest financial institution in Africa, whose activities go beyond providing banking, insurance and asset management services to individuals, businesses, institutions and corporations in Africa and abroad. Our sustainable and customer-centric strategy, combined with our extensive reach across the African continent, is geared towards promoting a consistent positive impact on the economies and societies in which we operate, contributing to lasting growth in this region.

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