Rawbank’s international reputation continues to be enhanced as it was named by Global Finance magazine as one of the world’s best foreign-exchange banks. Global Finance. Cette récompense vient s?ajouter au renommé de la banque à l?international.
The bank was named as the best for foreign exchange in the Democratic Republic of Congo (DRC) in the 23rd dition of the magazine’s prestigious Gordon W. Platt Foreign Exchange Awards.
The criteria for deciding on the keenly contested awards include transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance draws on the views of industry analysts, corporate executives and technology specialists.
This year, the bank’s twentieth anniversary, has seen industry-wide acclaim for a commitment to service which is helping to finance the growth of the DRC’s economy. The 2022 Euromoney Awards for Excellence named Rawbank as the best bank in the DRC, while the financial magazine The Banker made Rawbank the bank of the year in the country.
The string of awards is testament to the commitment and expertise of a deep and talented pool of staff, and the technical maturity of the bank.
Access to sophisticated foreign-exchange products is mission critical for companies hoping to take advantage of the DRC’s accession to the East African Community in 2022. Rawbank’s innovative services, bolstered by a global network of correspondent banks, are helping to position Kinshasa as a regional and global financial centre.
Transactions are handled by the Trading room, which offers operations on futures and bond markets, along with access to investment funds. The Trading Room also offers hedging products for exchange rates and commodity prices.
Optimus Clienta secure web-based platform, allows monitoring of foreign exchange declarations related to import and export operations. The tool, for which there is no subscription charge, reduces the risk of penalties for non-compliance with central bank declaration requirements.
Rawbank clients are able to integrate their foreign exchange activities into a single picture of their overall cash position through Swift LightSwift Light, a cash management tool which works through a single SWIFT interface.
The bank is also the first in the DRC to have central bank approval to issue negotiable debt securities, and the first issue of negotiable commercial paper debt securities on the Congolese money market took place in an oversubscribed sale in November 2022.