Deutsche Bank named Best Bank for Financing in Africa by Euromoney
In recognition of the bank’s role in supporting the African economy, Deutsche Bank received “Africa's Best Bank for Financing” Award by Euromoney Magazine during its 2023 Awards for Excellence cycle.
According to the publication: “Deutsche Bank has long had important corporate and investment banking operations on the African continent. It is one of the largest correspondent banks for African financial institutions and in the previous decade it helped many African sovereigns issue debut international bonds. Since Eurobond funding became unaffordable for many African states, Deutsche has stepped up by providing funding with backing from development finance institutions and export credit agencies.”
Kees Hoving, Co-Chief Executive Officer for Middle East and Africa (MEA), said: “We are very pleased to see that also externally the Deutsche Bank expansion of financing activities in Africa has been acknowledged. Supporting the development of Africa with especially ESG financings remains core to our Middle East & Africa strategy.”
Maryam Khosrowshahi, Co-Head of Africa Coverage, Head of CEEMEA Public Sector Debt Capital Markets, and Chair of Global SSA at Deutsche Bank: “We are proud of this new prestigious accolade recognising our track record of multifaceted and unwavering commitment towards Africa. The continent will continue to remain among the fastest growing regions worldwide economically with a young and fast expanding population. Therefore supporting critical infrastructure investment needs through innovative structures remains our priority so as to deliver the most cost efficient financing solutions while meeting our own and Africa’s ambitious ESG objectives.”
This major recognition is the not the first for Deutsche Bank in Africa by Euromoney. In 2020, Deutsche Bank received the “Excellence in Leadership in Africa” Award from Euromoney Magazine during its 2020 Awards for Excellence cycle. The bank won by merit of the excellence it demonstrated as an investment bank on the African continent, in particular its work in infrastructure financing and debt re-profiling with the support of Development Finance Institutions (DFI), and on sovereign Debt Capital Market (DCM) and Export Credit Agency (ECA) transactions.
Last year, Deutsche Bank has been named Best Foreign Investment Bank in Angola, Gabon, Ghana and Rwanda at EMEA Finance Magazine’s African Banking Awards in its 2022 cycle. Prior to that, Deutsche Bank was named Best Foreign Investment Bank in Africa for three years in a row for the years 2021, 2020 and 2019 by the same publication.
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In recognition of the bank’s role in supporting the African economy, Deutsche Bank received “Africa's Best Bank for Financing” Award by Euromoney Magazine during its 2023 Awards for Excellence cycle.
According to the publication: “Deutsche Bank has long had important corporate and investment banking operations on the African continent. It is one of the largest correspondent banks for African financial institutions and in the previous decade it helped many African sovereigns issue debut international bonds. Since Eurobond funding became unaffordable for many African states, Deutsche has stepped up by providing funding with backing from development finance institutions and export credit agencies.”
Kees Hoving, Co-Chief Executive Officer for Middle East and Africa (MEA), said: “We are very pleased to see that also externally the Deutsche Bank expansion of financing activities in Africa has been acknowledged. Supporting the development of Africa with especially ESG financings remains core to our Middle East & Africa strategy.”
Maryam Khosrowshahi, Co-Head of Africa Coverage, Head of CEEMEA Public Sector Debt Capital Markets, and Chair of Global SSA at Deutsche Bank: “We are proud of this new prestigious accolade recognising our track record of multifaceted and unwavering commitment towards Africa. The continent will continue to remain among the fastest growing regions worldwide economically with a young and fast expanding population. Therefore supporting critical infrastructure investment needs through innovative structures remains our priority so as to deliver the most cost efficient financing solutions while meeting our own and Africa’s ambitious ESG objectives.”
This major recognition is the not the first for Deutsche Bank in Africa by Euromoney. In 2020, Deutsche Bank received the “Excellence in Leadership in Africa” Award from Euromoney Magazine during its 2020 Awards for Excellence cycle. The bank won by merit of the excellence it demonstrated as an investment bank on the African continent, in particular its work in infrastructure financing and debt re-profiling with the support of Development Finance Institutions (DFI), and on sovereign Debt Capital Market (DCM) and Export Credit Agency (ECA) transactions.
Last year, Deutsche Bank has been named Best Foreign Investment Bank in Angola, Gabon, Ghana and Rwanda at EMEA Finance Magazine’s African Banking Awards in its 2022 cycle. Prior to that, Deutsche Bank was named Best Foreign Investment Bank in Africa for three years in a row for the years 2021, 2020 and 2019 by the same publication.