An internationally popular financial magazine just released its 2017 lists of the 50 safest banks in Africa and South Africa, and this brings good news for us, the continent’s largest bank by assets and one of the most customer centric.
Each year, Global Finance ranks the world’s safest banks based on evaluations of long-term foreign-currency ratings from global ratings agencies Moody’s, Standard & Poor’s and Fitch. This results in their highly anticipated annual list of the World’s 50 Safest Banks, but also the World's Safest Banks by Country, the World’s 50 Safest Commercial Banks, 50 Safest Banks in Emerging Markets, Safest Islamic Financial Institutions in the Gulf Cooperation Council (GCC), and Safest Banks by Region (Africa, Asia, Australasia, Central & Eastern Europe, Western Europe, Middle East, Latin America and North America).
Although we haven’t yet made the main list (the World’s 50 Safest Commercial Banks), we have achieved two other prestigious rankings: according to Global Finance Magazine, Standard Bank is the safest bank in Africa for 2017 (followed by FirstRand Bank, Absa Bank, Nedbank and Investec Bank), and the safest in South Africa.
Recognition on this scale is a welcome side-effect of our ongoing effort to keep our customers’ information secure, and our security measures convenient and virtually effortless. One such example is our recently introduced fingerprint verification technology, which allows fast and safe identification. Furthermore, all our apps and banking platforms make use of the latest security technology to protect the finances of our customers, such as data encryption, back-end validation of value transactions, and two-step one-time-password (OTP) authentication for Secure Banking transactions, among many others.
Topping Global Finance’s list of the World’s 50 Safest Commercial Banks is Germany’s DZ Bank.