KCB Group Named 2019 Best Regional Bank in East Africa 

KCB Group is the Best Regional Bank in East Africa at the just concluded African Banker Awards 2019 in Malabo, Equatorial Guinea.

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KCB Group is the Best Regional Bank in East Africa at the just concluded African Banker Awards 2019 in Malabo, Equatorial Guinea.

KCB also emerged as the best in the innovation category for having “demonstrated original and practical uses of technology to provide customer convenience, improved and more affordable services, and greater access to the financial services industry in Africa.”

Equity Group emerged the most Socially Responsible Bank of the Year recognizing the bank’s reputation of improving the lives of the less advantaged in society.

Commenting on the impressive achievements of the banks shortlisted for the 2019 awards, Omar Ben Yedder, Publisher of African Banker said: “We’ve been following the work of the financial services industry for many years. The sector over the years has seen great returns, and 2018 was another strong year for banks. Undoubtedly FinTech was the most buoyant sector in terms of tech investments and we are yet to truly see the transformative impact it can have. Despite the positive stories from the banking sector, the words of the winner of our Banker of the Year still resonate when he said last year at the Africa Investment Forum: we need to speed up, scale up and synergise. ”

THE 2019 AFRICAN BANKER AWARD WINNERS

African Banker of the Year

Admassu Tadesse, TDB

Lifetime Achievement Award

Mitchell Elegbe, Founder, Interswitch Group

African Bank of the Year

Afreximbank

Minister of Finance of the Year

Romuald Wadagni, République du Benin

Central Bank Governor of the Year

Tarek Amer, Central Bank Governor, Egypt

Best Retail Bank in Africa

Ecobank

Investment Bank of the Year

Absa Capital

Award for Financial Inclusion

Bank of Industry, Nigeria

Special Commendation for their contribution to the development and financing of the Rural Sector: Banco Nacional de Guinea Ecuatorial (BANGE)

Socially Responsible Bank of the Year

Equity Bank, Kenya

Innovation in Banking

KCB, Kenya

Special Commendation: JUMO, South Africa

Deal of the Year – Equity

Vivo IPO

Standard Bank & Rand Merchant Bank (South Africa)

Deal of the Year – Debt

$2.2bn Senegal Eurobond

Rothschild

Infrastructure Deal of the Year

Mozambique Floating LNG

TDB & Credit Agricole

Regional Bank of the Year

East Africa – KCB, Kenya

West Africa – Orabank

North Africa – Banque de l’Habitat (Tunisia)

Southern Africa – Mauritius Commercial Bank

Central Africa – BGFI, Gabon

The Awards took place in Malabo, Equatorial Guinea, on the sidelines of the African Development Bank.

The awards were held under the high patronage of the African Development Bank, sponsored by the African Guarantee Fund as Platinum Sponsor, the Bank of Industry as Gold Sponsor and Coris Bank as Associate Sponsor. The Host Sponsor was Banco Nacional de Guinea Ecuatorial, by far the country’s biggest bank in terms of assets and footprint.