FNB 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 Liquified 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, Chief Executive Officer (CEO) of FNB Mozambique, said:

" It is an honor to be considered, together with RMB, the Best Investment Bank in Mozambique. While RMB has actually been at the forefront of the Coral Sul project, this award proves that through strong collaboration and the right partner, it is possible to achieve an optimal solution for our clients. A top investment bank can really unleash local opportunities that easily go unnoticed.It is important to highlight this fact as it implies a higher than expected growth potential."

"Investment banks are playing a leading role in redefining the world economy as the effects of the pandemic take hold," said Joseph D. Giarraputo, editor and editorial director of Global Finance. " More than ever it is essential for companies to understand the skills that investment banks bring together.

The Global Finance Investment Bank Awards is a trusted reference for the global financial community as it selects the best performers among banks and other Financial Institutions.
In the same awards, RMB was also recognized globally as Best Bank for Client Facing Technology.