Overview
Standard Bank Group is the largest African banking group by assets, with a market cap of approximately R310 billion (USD23 billion), offering a range of banking and related financial services across sub-Saharan Africa.
Our strategy is to be an African focused, client-centred, digitally enabled universal financial services organisation, which drives Africa’s growth and creates value for all our stakeholders. Our clients are at the centre of everything we do. This is our central organising principle in building a digitally enabled universal financial services organisation. It aligns our efforts to change the way we do things, develop our people and shift our culture, and ultimately create a sustainable competitive advantage in a changing industry.
We have a 155-year history in South Africa, and started building a franchise in sub-Saharan Africa almost 30 years ago. We have an on-the-ground presence in 20 countries on the African continent, and solid local knowledge required to operate a successful business in Africa.
Our presence in and connection with, global financial centres enables us to facilitate investment and development flows in Africa, and access to international capital to facilitate growth, diversification and development in Africa. We also have a strategic partnership with the largest bank in the world, Industrial and Commercial Bank of China (ICBC), who is a 20% shareholder in the group.
The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BB+ (stable) and Moody’s Baa3 (Stable). Click here to read more on credit ratings. The group has been listed on the JSE since 1970, with share code SBK, and the Namibian Stock Exchange, share code SNB.
We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness
Standard Bank Group at a glance
As at 30 June 2018, Standard Bank Group is the largest African bank by assets.
- Total assets were R2 trillion (USD149 billion)
- Headline earnings of R12.7 billion (USD1 billion)
- Market capitalisation of R310 billion (USD23 billion)
- Employs more than 54 000 people
- Common equity tier I ratio of 13.8%
- Offers a range of banking and related financial services
- Operates in 20 countries on the African continent
- Owns a controlling stake in the South African listed insurance company, Liberty Holdings Limited
- Three business units: Personal & Business Banking, Corporate & Investment Banking and Wealth – Liberty
- One of the four full-service South African banks
- 155-year history in South Africa
- Listed on the JSE since 1970
- Started building a franchise outside southern Africa in early 1990’s
Find out more : https://www.standardbank.com/pages/StandardBankGroup/web/index.html