Absa Capital ranked top overall bank for third consecutive year in annual Risk survey

Absa Capital, the corporate and investment banking division of Absa Bank Limited (Absa) and affiliated to Barclays, has been named top overall bank for the third consecutive year in the annual Risk South Africa Rankings survey, 2012.

Absa Capital also achieved a top overall ranking in the Currency category and first positions in six other categories: Repurchase Agreements; Forward-Rate Agreements; FX Options - US Dollar/Rand; FX Swaps - US Dollar/Rand; Exchange Traded Funds; and Structured Products.

“We are proud to have retained our position as top overall bank in this survey for the third consecutive year,” said Stephen van Coller, Chief Executive of Absa Capital. “This is an unprecedented achievement and bears testament to the confidence our clients place in our fully local, fully global approach, and our commitment to delivering relevant and innovative banking services.”

Van Coller further added that the award demonstrates that in meeting its objective of becoming the premier wholesale bank in Africa, it is paramount that the firm keeps their clients at the centre of everything they do.

The rankings are based on votes from dealers, brokers, corporates and asset managers in South Africa. Participants were asked to vote for their top dealers in categories in which they had traded over the past year.

Absa Capital was also recently recognised as Best Debt House in South Africa in the Euromoney Awards for Excellence 2012 and received best e-FX platform for corporates at the FX Week e-FX Awards in July this year.