- Isle of Man
Our purpose is to drive Africa’s growth. We are committed to being more than a provider of financial products and services – we are a catalyst for economic change in our countries of operation and we make life better for our fellow Africans by doing the right business the right way.
We operate in 20 African countries and are headquartered in Johannesburg. Our primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa, with a secondary listing in Namibia. Subsidiary banks are listed on exchanges in Kenya, Malawi, Nigeria and Uganda.
Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank by assets, is a 20.1% shareholder. This strategic relationship enables us to work with ICBC to facilitate investment flows and commercial relationships between China and Africa, to the benefit of African countries. Our second largest shareholder is the Government Employees Pension Fund of South Africa which holds 12.3% of shares.
The Standard Bank Group (SBG) is the largest African banking group by assets, with a market capitalisation of approximately R289 billion (USD20 billion), offering a range of banking and related financial services across sub-Saharan Africa.
Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.
Being a truly African organisation allows us to create shared value for our clients, our people, our shareholders and society by contributing to their financial wellbeing and the socioeconomic growth of the economies in which we operate.
We have a 157-year history in South Africa, and for 30 years we have been building our franchises across sub-Saharan Africa as well as extending into key international markets.
We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa which ensures the highest standards of professionalism, integrity and fairness.
provides banking and other financial services to individual clients and small and medium-sized enterprises (SMEs).
offers corporate and investment banking services to clients, including governments, parastatals, larger corporates, multinationals and financial institutions.
offers insurance, investment, fiduciary, bespoke banking and multi-generational wealth preservation solutions to high net worth, retail, business and commercial and corporate clients across the group’s footprint.
Life insurance and investment management activities of the group companies in the Liberty Holdings Group. Please refer to www.libertyholdings.co.za for more information.
– Arno Daehnke
– Sola David-Borha
We publish several reports to provide our stakeholders with the information they need to assess our performance.
Our annual integrated report, our primary report, provides a holistic and material assessment of our ability to create value over time. It considers the issues material to maintaining the commercial viability and social relevance required to achieve our strategy in the medium to long term, and covers both our financial performance and material non-financial information.
Our Reporting to Society platform aims to communicate with a broad group of stakeholders about how we impact on the societies, economies and environments in which we operate.
It provides information on those areas in which we believe we can and do make a significant positive contribution to improving life for our fellow Africans, and mitigating any negative impacts.
An account of our social, economic and environmental impacts and how these contribute to our sustainability and ability to achieve our purpose. It includes our environmental, social and governance report, and Standard Bank South Africa’s transformation report.
- King IV Code of Corporate Governance
- CDP (previously Carbon Disclosure Project)
- United Nations (UN) Sustainable Development Goals
- Equator Principles
- Global Reporting Initiative (as a guide)
PricewaterhouseCoopers Inc. has provided assurance over selected information. Refer below for details.
Holistic assessment of the group’s ability to create value, in the short, medium and long term.DOWNLOAD PDF
A detailed review of the group’s governance and remuneration practices.DOWNLOAD PDF
As the group’s largest banking subsidiary, SBSA produces its own annual report and audited annual financial statements.DOWNLOAD PDF
SBG has a series of internal policies, procedures and controls in place to ensure that accurate data is provided. The SBG social and ethics committee provided oversight of this report. PricewaterhouseCoopers provided limited external assurance on selected performance data in this report, indicated by a , in accordance with the International Standard on Assurance Engagements (ISAE 3000). The scope of the assurance engagement and the statement of assurance are provided on page of this report.