Staff Writer

Global Finance magazine has announced its 27th annual awards for the World’s Best Banks, and FNB was awarded as the best bank in Namibia.

Winners were chosen in more than 150 countries across Africa, Asia-Pacific, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe and were chosen based on careful attendance to their customers’ needs in difficult markets and the accomplishment of better results while laying the foundations for future success.

All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers, banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective.

Objective criteria considered included growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

According to Joseph Giarraputo, Publisher and Editorial director of Global Finance, the banking industry is increasingly challenged by rising customer demands for safe real-time access with total control and broad flexibility. “For 27 years, the Global Finance Best Bank Awards have helped corporate treasurers and CFOs identify the banking partners most able to deliver top-notch financial services delivered via innovative technology.”

Erwin Tjipuka, CEO of FNB Namibia thanked all stakeholders who have contributed towards the bank’s success.

“We wish to especially thank our loyal customers who consistently support us by making use of our products and services. Without you, we would not exist. also wish to congratulate our dedicated and hardworking staff, this is our shred victory.”