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(RAWBANk) – Rawbank, the leading bank in the Democratic Republic of Congo (DRC), has been named “Best Bank in Africa 2024” by Global Finance magazine at the Best Bank Awards, held in Washington D.C. This prestigious recognition reflects the strength of Rawbank’s growth strategy, its commitment to innovation, and its central role in transforming the financial landscape in the DRC.
For almost 11 years, the Global Finance Bank Awards, organized by Global Finance, have been celebrating the best banks in the world. The Global Finance editorial board selects the winners of the Bank Awards with the participation of financial sector executives and professionals. In addition to their independent research, the editors also use information provided by the banks to assess a range of objective and subjective factors. The award, presented by Global Finance, highlights Rawbank’s ability to stand out in a competitive banking environment, thanks to its outstanding performance and its focus on financial inclusion and technological innovation.
As a leading banking institution, Rawbank is pursuing a continuous growth trajectory, marked by an increase in its asset portfolio and network expansion across the country’s 26 provinces. In 2024, the bank consolidated its leadership position through strategic investments in digital banking infrastructure, including the Illicocash mobile platform, and in improving the customer experience.
Mustafa Rawji, Managing Director of Rawbank, said: “This award reflects the recognition of our peers and industry experts for our excellent performance and strategic vision. At Rawbank, we remain resolutely committed to accompanying our customers, be they businesses or individuals, with innovative and tailored financial solutions, while supporting the sustainable growth of the Congolese and African economy.”
With total assets in excess of $5 billion and a customer base of over 500,000, Rawbank is a key player in the Central African banking sector.
About Rawbank
For 22 years, with total assets of $5 billion, Rawbank has been supporting the development of the Congolese economy. The leading bank in the DRC for the past 12 years, Rawbank offers state-of-the-art products and services to its more than 500,000 corporate, SME and individual customers through a network of over 100 branches in 19 of the country’s provinces, a digital offering with Illicocash, internet banking, and more than 250 ATMs. Its work has been rewarded with the African Bankers Award 2022 and 2024 for the best regional bank in Central Africa, a Moody’s CAA 1 rating, and ISO/IEC 20000 and ISO/IEC 27001 certifications. RAWBANK’s partners include IFC, AfDB, TDB, BADEA, Shelter Africa, AGF and others. The partners who have placed their trust in RAWBANK include : BAD, AGF, IFC, BADEA, Shelter Africa and TDB. For more information, visit our website: www.rawbank.com
About Global Finance
Based in New York, Global Finance magazine, founded in 1987, has a circulation of 50,000 and offices worldwide. Its readers (mainly corporate executives and financial officers responsible for making strategic decisions and investing in multinational companies and financial institutions) are spread across 193 countries and territories. Its website, GFMag.com, offers analysis and articles reflecting 36 years of experience in international financial markets. Global Finance regularly selects the best-performing banks and other financial services providers. These awards have become a trusted standard of excellence for the global financial community.
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