This year’s edition is the 28th since Global Finance launched annual awards for the World’s Best Banks.
Bank of Kigali is among honorees for the year 2021 from 35 African countries that were selected for outstanding contribution to economic recovery during this period when the world is faced with COVID-19 pandemic.
The recognition evidences the bank’s consistency to delivering world-class services to its customers.
“In line with our motto ‘Financially transforming lives’, this award is a testimony of our commitment to consistently provide the best financial services to our customers, despite the challenges brought by the pandemic, said Dr. Diane Karusisi, Bank of Kigali CEO.
According to a statement from Global Finance Magazine, the winners emerged from 150 countries and territories across Africa, Asia-Pacific, the Caribbean, Central America, Central & Eastern Europe, Latin America, the Middle East, North America and Western Europe.
Commenting on the development, Joseph D. Giarraputo, publisher and editorial director of Global Finance stressed that these banks are playing a key role in economic recovery around the world amidst COVID-19 pandemic.
“Our Best Bank awards highlight the leaders in restoring growth and mapping a way forward. This year’s evaluations are more important and valuable than at any point in their 28 year history, given the unprecedented economic conditions wrought by the global pandemic,” he said.
The overall Best Bank in the World will be announced in the summer and published in October, along with the Best Global Banks in more than a dozen key categories. The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong 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 and 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.
Banks were invited to submit entries supporting their selection. 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.
Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.