Stanbic Bank Zimbabwe Earns Top-class Rating
STANBIC Bank Zimbabwe has been awarded top class rating for its operating performance across the board by Africa’s leading credit rating agency GCR Rating (GCR).
Stanbic Bank’s business profile was rated positive on the back of its being one of the leading banks in Zimbabwe with a high market share across loans and deposits and a strong franchise within the local market.
The financial institution offers a diverse range of products in the local market, distributed through a well-established local franchise. The Standard Bank Group’s subsidiary was affirmed national scale long-term issuer and short issuer ratings of AA(ZW)/ A1+(ZW) respectively and deemed to be having a solid and stable outlook.