• Introduction
    • OVERVIEW
    • INTRODUCTION TO THE STANDARD BANK GROUP
    • OUR REPORTING SUITE
    • A LETTER FROM OUR CEO
    • STAKEHOLDER ENGAGEMENT
    • ASSURANCE STATEMENT
     
     
     
     
     
     
  • SEE impact areas
    • OVERVIEW
    • IMPACT REPORTING
    • 1.
      FINANCIAL INCLUSION
    • 2.
      JOB CREATION AND ENTERPRISE DEVELOPMENT
    • 3.
      INFRASTRUCTURE
    • 4.
      AFRICA TRADE AND INVESTMENT
    • 5.
      EDUCATION AND SKILLS DEVELOPMENT
    • 6.
      EMPLOYEE DEVELOPMENT AND TRAINING
     
     
  • ESG
    • OVERVIEW
    • ABOUT THIS REPORT
    • MANAGING E&S RISKS AND OPPORTUNITIES
    • OUR DIRECT ENVIRONMENTAL PERFORMANCE
    • VALUING OUR PEOPLE
    • INVESTING IN COMMUNITIES
    • PROMOTING SOUND GOVERNANCE AND INTEGRITY
    • ESG METRICS AND POLICIES
     
     
  • Transformation
    • OVERVIEW
    • INTRODUCTION
    • A LETTER FROM SBSA CE: LUNGISA FUZILE
    • STANDARD BANK’S BEE SCORECARD
    • WHERE TO FIND MORE INFORMATION
    • B-BBEE CERTIFICATE
     
     
     
     
     
     
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Ownership

We scored 23.81 out of 28 points against the ownership element of the revised Financial Sector Code scorecard. This is an improvement against our score of 23.78 out of 28 points in 2017.

WHO OWNS STANDARD BANK?

Standard Bank’s shareholding is characterised by significant global and institutional ownership, reflecting our status as Africa’s largest financial services provider. Our shares are publicly traded on the Johannesburg Stock Exchange. Many of our shareholders are ordinary South Africans who own a stake in Standard Bank through their pension funds and unit trusts. Many of our employees are also shareholders. We allocate shares to senior employees as part of their remuneration package, helping to ensure that they have a vested interest in the long-term success of the company.

Standard Bank’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% stake.

Read more about our 10-year anniversary with ICBC and our strategic partnership in our Reporting to Society
 

The second largest shareholder is the South African Government Employee Pension Fund with 12.3%. There are other institutional investors in Standard Bank who are the custodians of the savings and investments of many ordinary South Africans.

Introduction

Ten major shareholders1

                       
Indicator description   2018 number
of shares
(million)
    % holding     2017 number
of shares
(million)
    % holding  
Industrial and Commercial Bank of China   325.0     20.1     325.0     20.1  
Government Employees Pension Fund (PIC)   199.7     12.3     199.6     12.3  
Allan Gray Balanced Fund   29.7     1.8     27.8     1.7  
Alexander Forbes Investments (prev. Investment Solutions)   25.8     1.6     28.3     1.8  
Old Mutual Life Assurance Company   23.8     1.5     19.7     1.2  
Vanguard Emerging Markets Stock Index Fund   22.1     1.4     23.8     1.5  
GIC Asset Management   21.0     1.3     18.3     1.1  
Vanguard Total International Stock Index Fund   19.4     1.2     16.5     1.0  
Dimensional Emerging Markets Value Fund   16.8     1.0     17.1     1.1  
Government of Norway   14.8     0.9     9.6     0.6  
    698.1     43.1     685.7     42.4  

1   Beneficial holdings determined from the share register and investigations conducted on our behalf in terms of section 56 of the Companies Act.

Geographic spread of shareholders

                         
Indicator description   2018 number
of shares
(million)
    % holding     2017 number
of shares
(million)
    % holding  
South Africa   785.1     48.5     759.6     46.9  
Foreign shareholders   833.4     51.5     859.7     53.1  
       China   325.9     20.1     325.2     20.1  
       United States of America   240.3     14.8     252.9     15.6  
       United Kingdom   39.0     2.4     63.7     3.9  
       Singapore   24.0     1.5     22.8     1.4  
       Namibia   19.6     1.2     22.5     1.4  
       Netherlands   15.6     1.0     15.0     0.9  
       Norway   15.4     1.0     10.3     0.6  
       Japan   15.0     0.9     13.7     0.8  
       Ireland   13.3     0.8     20.9     1.3  
       United Arab Emirates   12.2     0.8     7.8     0.5  
       Hong Kong   12.0     0.7     10.8     0.7  
       Canada   11.0     0.7     10.5     0.6  
       Saudi Arabia   10.4     0.6     8.4     0.5  
       Luxembourg   10.3     0.6     11.0     0.7  
       Other   69.4     4.4     64.2     4.1  
    1 618.5     100.0     1 619.3     100.0  

Tutuwa

The Standard Bank Group black ownership initiative, Tutuwa, has delivered significant value for a broad base of stakeholders, including its beneficiaries and government, since the scheme unlocked at the beginning of 2015. Communities have also benefited directly from the scheme, particularly since 2016, through the Standard Bank Tutuwa Community Foundation. This non-profit foundation aims to help our young people achieve their full potential, by supporting their educational foundations, schooling development and their transition to the world of work, by creating innovative partnerships in these domains.

For more information on the foundation, see Standard Bank’s Reporting to Society 2018