Absa, majority-owned by Barclays, has won two awards from emeafinance magazine.
Absa was named Best Local Bank in South Africa and the Debt Capital Markets (DCM) team at Absa Capital, its investment banking division, was named Best Debt House.
The accolades, presented at the magazine's African Banking Achievement Awards, recognise progress and success among the continent's leading banks.
Maria Ramos, Absa Group Chief Executive, said: "We are delighted to have received these two awards.
"Absa constantly innovates and tailors solutions that are aligned to the rapidly evolving needs and requirements of our customers."
She added: "The DCM team has had an incredibly successful year, winning several mandates and acting as sole lead arranger in the majority of issuances they have arranged.
"This is further confirmation of the value derived from bringing together the local and global expertise of Absa Capital and Barclays Capital, for the benefit for African corporates."