About Standard Bank

 
Standard Bank is the largest African bank by assets, with operations in 17 African countries and 16 on other continents.
 

The group is listed on stock exchanges in South Africa and Namibia, and individual companies within the group are listed in South Africa, Uganda, Nigeria, Malawi and Kenya. The group’s market capitalisation as at 31 December 2008 stood at ZAR127 billion (US$13,6 billion).
 

Standard Bank employs 50 321 people worldwide – with more than 45 000 employees work across the African continent, serving over 1 969 million private and business customers in sub-Saharan Africa.
 

Our three main pillars of business are Personal and Business Banking, Corporate and Investment Banking, and Investment Management and Life Insurance. Across these areas, we aspire to provide our customers with bespoke banking solutions. As part of the recent structural re-alignment of our business, we have identified opportunities to leverage off our existing infrastructure and specific country knowledge across emerging markets.
 

The group upholds high standards of corporate governance and is committed to advancing the principles and practice of sustainable development. Our success and growth over the long term is dependent on making a difference in the communities in which we operate.
 

The long-term ratings for the Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are Moody's Baa1, Standard & Poor's BBBpi, and Fitch Ratings BBB+. The South Africa sovereign ratings are: Moody's Baa1, Standard & Poor's BBB+ and Fitch Ratings BBB+. (Click here to read more on credit ratings.)
 

Standard Bank's equity is widely spread. At 31 December 2008, Industrial and Commercial Bank of China (ICBC) held 20% followed by The Public Investment Corporation holding 12,5% and Dodge & Cox 4,6% of the group's shares in issue.