Rabat – The Attijariwafa Bank group continues to win awards as it confirms its leading position in Morocco’s banking and financial sector. American Global Finance magazine named the organization as “Morocco’s Best Private Bank” for the year 2018.
Global Finance, which regularly ranks the top banks and other financial services, selected the winners using “input from a panel of experts and feedback from industry analysts, corporate executives and technology specialists.”
Global Finance also considered other criteria i.e. transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
At the regional level, the South-African banking group Standard Bank, which is now active in 20 African countries and is by far the continent’s biggest bank by assets, is taking the lead after clinching the award of “Best Private Bank in Africa.”
“Private banking is back on the right track, with rising assets and shrinking costs. But with wealth creation shifting from the West to Asia, and tax havens under continued attack, it needs a new long-term raison d’etre. Our global group of winners are finding some answers,” Joseph D. Giarraputo, publisher and editorial director of Global Finance said.
According to the magazine, these awards have become a “trusted standard of excellence for the global financial community.”