Mozambique: Private sector considers IMF assistance 'positive sign'
File photo: Canalmoz
NB Mozambique has been awarded Best Investment Bank in Mozambique for 2022 in collaboration with its shareholders’ corporate and investment bank, Rand Merchant Bank (RMB).
The award, from the prestigious Global Finance magazine, is in recognition of the bank’s role in the conclusion of significant landmark deals performed in partnership with RMB.
FNB Mozambique proudly participated in the flagship Coral Sul (South) Floating Liquefied Natural Gas (FLNG) unit project, in collaboration with RMB. This project represents a tremendous achievement for not only Mozambique’s economy but for the African continent as a whole.
Global Finance editors, with input from industry experts, used a series of criteria including entries from banks, market share, number and size of deals, service and advice, structuring capabilities, distribution network, efforts to address market conditions, innovation, pricing, after-market performance of underwritings and market reputation to score and select winners, based on a proprietary algorithm. Deals announced or completed in 2021 were considered.
Peter Blenkinsop, FNB Mozambique Chief Executive Officer (CEO) said: “We are honoured to be recognized by the Global Finance Awards as Best Investment Bank in Mozambique alongside RMB. Whilst RMB was at the forefront of the Coral Sul project, this award demonstrates through strong collaboration an optimal solution can be achieved for our clients.
A world class investment bank can really unlock local opportunities that may be missed within the local market. It is important to bring this to the market’s attention, as it means that growth is less limited than immediately comes to mind.”
“Investment banks are playing a leading role in reshaping the world economy as the pandemic progresses,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “It is more important than ever for companies to understand the specialties and skills that investment banks bring to the table. Global Finance’s Investment Bank Awards are a powerful resource on the leading institutions in this sector.”
Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
In the same awards, RMB was also recognized globally as Best Bank for Client Facing Technology.