Global Finance Best Banks 2022
4 Societe Generale entities awarded by the magazine.
On the occasion of its 29th annual awards for the World’s Best Banks, Global Finance has announced the honourees for 36 African countries.
The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success.
4 Societe Generale banks were named "Best Banks in Africa 2022" by the magazine:
- Société Générale Cameroun, for the fourth consecutive year;
- SGBGE (Equatorial Guinea), for its first participation;
- Société Générale Madagasikara, for the second consecutive year, and the subsiray's second participation;
- Société Générale Sénégal, for the fifth consecutive year.
All selections were made by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world. In selecting these top banks, Global Finance considered factors that ranged from the quantitative objective to the informed subjective.
Objective criteria considered included: growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.
"Corporate leaders face a new set of challenges concerning the choice of their banking relationships,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Following on the enormous difficulties wrought by the pandemic, these changes demand increased attention to global commercial relationships. Our awards support decision-makers in selecting the best financial partners.”
With these awards, the Group and its subsidiaries have once again demonstrated their ability to adapt in uncertain times, their unwavering commitment and the efforts made to meet the needs of their customers.