In 2025, NWB Bank was recognised for its disciplined and transparent approach to short-term funding across global money markets. As a daily issuer through its ECP and USCP programmes, NWB provided consistent liquidity across multiple currencies and tenors, supported by clear communication, competitive pricing and close dealer engagement. The bank’s flexibility in maturity selection, including tailored broken-date structures, and its well-judged execution in USD funding under challenging monetary conditions underpinned strong and sustained market demand. This combination of reliability, adaptability and market trust supports NWB Bank’s selection as Best USD Money Market Issuer and Best SSA Money Market Issuer. Full reasoning is available in the official Award Statement.