Sharp reversals in market trends has hurt performance of some big quant funds this year
Best Retail Bank in Africa - Nedbank
The winning bank achieved strong financials with a positive growth in retail revenue. It posted a robust net interest income driven by high average growth in gross advances that includes personal home, and automobile loans. The bank embarks on customer-centric journey by enhancing digital banking experience tht resulted a double-digit increase in its mobile app users. The bank developed an application that enables businesses to sell products and services securely and conveniently with a networking and support platform that provides advertising, coaching, relevant business support materials, and strategic initiatives for SME customers. The Best Retail Bank in Africa and South Africa and the Best SME Bank in South Africa is Nedbank.
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You may visit the Excellence in Retail Financial Services page at http://awards.asianbankerforums.com/retailfinancial/
For further information on the collaterals for winning banks, please contact:
Mr. Mobasher Zein Kazmi
Head of Research
Tel: (+61) 452 514 145
Email: mkazmi@theasianbanker.com
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