Rand Merchant Bank (RMB), the African Corporate and Investment Bank, has received global recognition for its outstanding performance in transactional banking and cash management services across Africa. The bank announced on Thursday that it won the prestigious Best Transactional Banking Provider in Africa at the 2025 Global Finance Awards. In addition, RMB was named Best Overall Cash Management Provider in South Africa at the 25th annual World’s Best Treasury and Cash Management Awards.
These honours highlight RMB’s growing leadership in Africa’s financial services sector, especially in areas such as liquidity management, treasury solutions, and cash management for corporate clients. The awards were determined through a comprehensive selection process by Global Finance, which included submissions from banks and service providers, as well as insights from industry analysts, corporate clients, technology specialists, and independent research.
Lizelle Pienaar, Head of Treasury and Trade Solutions at RMB, expressed pride in the bank’s achievements and the recognition of its efforts to support clients across the continent.
“We’re proud to be recognised for the work we do in supporting our clients across the continent,” Pienaar said. “These awards reflect our commitment to combining innovation, digital transformation, and operational excellence, along with deep market insight, to deliver value to our clients in a fast-changing world.”
Pienaar noted that RMB’s success is driven by its comprehensive reach across Africa, covering more than 35 countries from a deal perspective, and its presence in key global financial centres. This dual advantage of scale and local knowledge enables the bank to offer tailored financial solutions that address the specific needs of clients navigating the complexities of African markets.
“Clients today are looking for more than just products. They want insight, innovation, and strategic partnership, and we’re proud to walk that journey with them,” she added.
RMB’s Trade and Treasury Solutions division is specifically designed to help businesses manage their liquidity, optimise working capital, and operate treasury functions efficiently both within national borders and internationally. This has become increasingly important as businesses seek more sophisticated tools to navigate the challenges of cross-border trade, currency risks, and regulatory requirements in Africa.
Oluwaseyi Onanuga, Head of Treasury and Trade Solutions at RMB Nigeria, said the global recognition is a significant achievement for the bank and a testament to the strength of its Pan-African strategy.
“The recognition by Global Finance marks a proud moment for the group and affirms the strength of RMB’s Pan-African strategy,” Onanuga stated. “It reinforces our commitment to delivering world-class transactional banking and cash management solutions that meet the evolving needs of clients across the continent.”
Onanuga added that RMB is dedicated to deepening its presence in Nigeria by replicating the bank’s continent-wide success through innovation, technology-driven solutions, and local expertise. He stressed that as RMB continues to expand its footprint in Africa, Nigeria remains a key market where the bank seeks to deliver exceptional service to businesses and corporates.
RMB’s recent accolades come at a time when financial institutions are under pressure to provide integrated and technologically advanced solutions to facilitate trade, manage cash, and optimise treasury functions amidst a volatile global economic environment. The bank’s ability to blend cutting-edge digital tools with strong market insights and regional presence positions it as a leader in meeting these challenges.
These awards also reflect the growing importance of Africa in global finance discussions, as international investors and multinational corporations increasingly look to the continent for growth opportunities. Banks like RMB play a crucial role in supporting these ambitions by offering reliable, innovative, and strategic financial services.
With its strong Pan-African strategy, combined with an emphasis on digital transformation and client-centric services, RMB is well-positioned to continue driving the evolution of Africa’s banking and financial landscape.
