TMB awarded Best Bank in DRC by EMEA Finance for a record eight consecutive year
25.10.2018, Kinshasa, DRC – Trust Merchant Bank has been recognised for the eighth consecutive year as the “Best Bank in the Democratic Republic of Congo” by EMEA Finance magazine. TMB will proudly represent the Congo, and receive the award, at the black-tie African Banking Awards 2018 ceremony, to be held at the prestigious Law Society, London, on 6 December.
Naming TMB as the Best Bank in the DR Congo, the Awards adjudicators recognised our continued investment in, and successful roll-out of operations right across the country. The adjudicators noted the success of our new regional hub in Goma, and our continued commitment to responsible banking. The Awards Committee added that TMB’s balance sheet strength, and in particular the Tier 1 Capital Ratio, were very impressive, as was the exceptionally strong growth in revenues reported by the Bank in 2017.
In recognising TMB as the Best Bank in the DRC for a record eight year in a row, EMEA Finance once again highlighted the success of PEPELE Mobile and drew attention to a number of enhancements and innovations to the service introduced to date through 2018.
Welcoming the win, Oliver Meisenberg, TMB CEO, commented “in a highly dynamic and competitive sector TMB understands the need to continuously innovate in order to secure our place as the Congo’s universal bank. We continue to make significant investments in the ongoing digital transformation of the Bank, in our people, and in our product portfolio. The results speak for themselves – in 2017 net banking income jumped some 31% in US dollar terms, an achievement we are particularly proud of considering economic conditions in the country.”
About EMEA Finance
EMEA Finance magazine is a major periodical based in London that covers the financial industry in one of the world’s most dynamic and emerging regions – the combined emerging Europe, Middle East and Africa (EMEA). EMEA Finance, the complete information source for the finance industry in the EMEA region, is the only periodical dedicated exclusively to report financial events, happenings and triumphs initiated and influenced by the international financial industry.
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