BARCLAYS AFRICA NAMED ‘BEST INVESTMENT BANK’ AT PRESTIGIOUS 2014 EUROMONEY AWARDS

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Barclays Africa has been named “Best Investment Bank in Africa” and “Best M&A House in Africa” by Euromoney, the prestigious global news publication at an awards ceremony held at London’s Natural History Museum on Thursday, 10 July,

The Awards  are given each year to honour institutions that have brought the highest levels of service, innovation and expertise to their customers and industries and are widely considered the most prestigious recognition in the financial services industry.

“Less than one year after establishing Barclays Africa, these awards symbolise an important milestone in our journey to achieve our ambitions in Africa,” said Maria Ramos, Chief Executive Officer of Barclays Africa Group.

He added, “This recognition is a testament to the powerful combination of deep local presence and global expertise that only Barclays can provide on the African continent.”

On his part, Barclays Kenya Managing Director Jeremy Awori said the recognition was testimony of the strides the bank was making towards the goal of becoming the bank of choice by delivering better value banking to the Kenyan market.

The bank recently launched the Salary Retrenchment Cover, a unique product for customers who have their salaries processed by the bank to cushion them from a disrupted lifestyle in case of sudden job loss for a period of three months, with monthly monetary payment equal to their net salary at no extra cost to the account holder.

“This Euromoney Award for Excellence recognises our enhanced value proposition to our customers through the introduction of innovative products and services that provide easy banking solutions,” said Jeremy.

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Barclays Kenya continues to benefit from investments made in previous years, which has seen the bank post steady growth in the recent past. The bank’s impressive performance is underpinned by numerous initiatives, including significant enhancement of customer service experience as well as improved operational efficiencies and control environment.