Africa is our home, we drive her growth. We aim to make life better for our fellow Africans by doing the right business, the right way, contributing to the financial wellbeing of our clients, and supporting sustainable and job-creating growth of the economies in which we operate.
Standard Bank lists on Namibia Stock Exchange November 2019.
We are more than a bank. We are an integrated financial services organisation, deeply rooted in Africa. We strive to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.
We have a 158-year history in South Africa. Over the past 30 years, we have been building our franchises across sub-Saharan Africa, supported by our presence in key international markets. We operate in 20 sub‑Saharan African countries and are headquartered in Johannesburg. Our primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa. We have a secondary listing in Namibia. Subsidiary banks are listed on exchanges in Kenya, Malawi, Namibia, Nigeria and Uganda.
We also have operations in Beijing, Dubai, London, New York and São Paulo, and offer international financial services from our offices in The Isle of Man, Jersey and Mauritius.
The Standard Bank Group (the group or Standard Bank) is the largest African banking group by assets, with a market capitalisation of approximately R277 billion (USD20 billion) at 31 December 2019, offering a range of banking and related financial services across sub‑Saharan Africa.
The Standard Bank Group employs over 48 000 people, excluding Liberty. We have 1 114 branches and over 7 300 ATMs across Africa. This enables us to deliver a complete range of services across personal and business banking, corporate and investment banking, wealth management and insurance.
Standard Bank Group is 48% owned by South Africans and 52% by international investors, with China (20%), the USA (14%) and Singapore (2%) comprising the top three countries of origin. The 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 13.3% of shares.
We create value by living our purpose and achieving our vision through the diligent execution of our strategy. Our strategic value drivers measure our strategic progress and the value we create for our various stakeholders.
Delivering relevant and complete digital solutions to our clients.
Shaping a workforce that is ready to meet our clients’ needs now and in the future.
Doing the right business, the right way.
Meeting our medium-term financial targets.
Driving positive SEE impact.
For information on the group's material issues, and the ways in which we engage our stakeholders to inform these issues, please see our ESG report.
We have a series of internal policies, procedures and controls in place to ensure that accurate data is provided. Our group social and ethics committee provides 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 here.
We publish several reports to provide our stakeholders with the information they need to assess our performance.