Standard Bank- Company sneak peak for graduates

Channel: CareersSA   |   2013/04/16
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Standard Bank- Company sneak peak for graduates
Standard Bank- Company sneak peak for graduates
::2013/04/16::
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2
Overview of Standard Bank
Overview of Standard Bank's Tablet App
::2014/03/17::
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3
Standard Bank App for tablet
Standard Bank App for tablet's advert
::2014/03/18::
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4
Jacko Maree - CEO, Standard Bank
Jacko Maree - CEO, Standard Bank
::2010/03/04::
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Standard Bank of South Africa is Bringing Banking to the Unbanked
Standard Bank of South Africa is Bringing Banking to the Unbanked
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Standard Bank Wilddog Advert
Standard Bank Wilddog Advert
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Standard Bank Group Interim Results 2012
Standard Bank Group Interim Results 2012
::2012/08/17::
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8
"Rare" India Zimbabwe Tied Match, at Paarl, Standard Bank Tri-series February 1997
"Rare" India Zimbabwe Tied Match, at Paarl, Standard Bank Tri-series February 1997
::2013/09/24::
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9
Tablet |Standard Bank TV Commercial 2014
Tablet |Standard Bank TV Commercial 2014
::2014/03/21::
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10
Standard Bank and SAP Bring Mobile Banking to Over Half a Million Customers in South Africa
Standard Bank and SAP Bring Mobile Banking to Over Half a Million Customers in South Africa
::2013/02/18::
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11
Standard Bank Young Artist Award 2014 - Kyle Shepherd (Jazz)
Standard Bank Young Artist Award 2014 - Kyle Shepherd (Jazz)
::2013/10/15::
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12
Standard Bank UCount
Standard Bank UCount's #RakNomination
::2014/02/17::
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13
Standard Bank Joy of Jazz 2013
Standard Bank Joy of Jazz 2013
::2013/05/21::
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14
Standard Bank launches new online app
Standard Bank launches new online app
::2014/03/27::
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15
Standard Bank Young Artist Award 2013 - Shane Cooper (Jazz)
Standard Bank Young Artist Award 2013 - Shane Cooper (Jazz)
::2012/11/14::
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16
Standard bank debt collecting-Whackhead prank 1/2
Standard bank debt collecting-Whackhead prank 1/2
::2010/01/29::
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17
Top Billing features the Standard Bank Prestige Lounge (FULL INSERT)
Top Billing features the Standard Bank Prestige Lounge (FULL INSERT)
::2013/06/28::
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18
standardbank we vs me 2013
standardbank we vs me 2013
::2013/08/25::
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19
City of London Apprenticeship Programme: Standard Bank
City of London Apprenticeship Programme: Standard Bank
::2014/01/07::
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20
Standard Bank Young Artist Award 2013 - Fana Tshabalala (Dance)
Standard Bank Young Artist Award 2013 - Fana Tshabalala (Dance)
::2012/11/14::
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21
Top Billing attends the Standard Bank App launch
Top Billing attends the Standard Bank App launch
::2014/03/19::
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22
Standard Bank Young Artist Award 2013 - Njabulo Madlala (Music)
Standard Bank Young Artist Award 2013 - Njabulo Madlala (Music)
::2013/10/15::
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23
Helping Standard Bank South Africa Unwire Its People and Connect to Their Customers
Helping Standard Bank South Africa Unwire Its People and Connect to Their Customers
::2012/09/07::
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24
Standardbank.co.za: Secure Standard Bank Internet Banking Login
Standardbank.co.za: Secure Standard Bank Internet Banking Login
::2013/10/16::
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25
Standard Bank #JoyOfJazz 2012 Line-Up
Standard Bank #JoyOfJazz 2012 Line-Up
::2012/05/09::
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26
Standard Bank Young Artist Award 2013 - Anthea Moys (Performance Art)
Standard Bank Young Artist Award 2013 - Anthea Moys (Performance Art)
::2012/11/14::
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27
Standard Bank ICBC to Finance Renewable Energy Projects
Standard Bank ICBC to Finance Renewable Energy Projects
::2013/06/25::
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28
Standard Bank
Standard Bank
::2011/09/05::
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29
Top Billing attends the Standard Bank App launch (FULL INSERT)
Top Billing attends the Standard Bank App launch (FULL INSERT)
::2014/03/26::
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30
Standard bank debt collecting-Whackhead prank 2/2
Standard bank debt collecting-Whackhead prank 2/2
::2010/01/29::
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31
Standard Bank
Standard Bank
::2014/04/17::
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32
Standard Bank/ICBC- "Sueños"
Standard Bank/ICBC- "Sueños"
::2013/04/10::
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33
Standard Bank - 120 anos
Standard Bank - 120 anos
::2014/02/13::
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34
Standard Bank - Shaboom.mp4
Standard Bank - Shaboom.mp4
::2013/02/05::
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35
Standard Bank Peoples Wheels Awards 2014
Standard Bank Peoples Wheels Awards 2014
::2013/11/21::
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36
Standard Bank Young Artist Awards 2011 - Visual Art
Standard Bank Young Artist Awards 2011 - Visual Art
::2010/10/28::
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37
Standard Bank Joy Of Jazz 2011
Standard Bank Joy Of Jazz 2011
::2011/06/10::
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38
Pedro Coelho, CEO, Standard Bank Angola, at the Ai CEO Institutional Investment Summit 2013
Pedro Coelho, CEO, Standard Bank Angola, at the Ai CEO Institutional Investment Summit 2013
::2013/11/16::
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39
STANDARD BANK INTERNET BANKING - VERY SLOW LOADING
STANDARD BANK INTERNET BANKING - VERY SLOW LOADING
::2013/04/08::
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40
Standard Bank Young Artist Award 2014 - Hasan & Husain Essop (Visual Art)
Standard Bank Young Artist Award 2014 - Hasan & Husain Essop (Visual Art)
::2013/10/15::
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41
Ntlai Mosiah, Head: Power & Infrastructure, Corporate Banking SA, Standard Bank
Ntlai Mosiah, Head: Power & Infrastructure, Corporate Banking SA, Standard Bank
::2013/05/25::
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42
Standard Bank Agriculture - Marc Rowlston (Frieze Films)
Standard Bank Agriculture - Marc Rowlston (Frieze Films)
::2013/02/06::
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43
Standard Bank Cashing in on Africa
Standard Bank Cashing in on Africa
::2014/03/18::
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44
What could be easier than using the new Standard Bank App for tablet?
What could be easier than using the new Standard Bank App for tablet?
::2014/03/18::
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45
Standard Bank TV ad: "Africa is in us"
Standard Bank TV ad: "Africa is in us"
::2008/06/10::
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46
Rosanna Bella - Video 1 - Fundación Standard bank
Rosanna Bella - Video 1 - Fundación Standard bank
::2011/02/22::
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Standard Bank presentation
Standard Bank presentation
::2014/03/14::
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FICO Customer Spotlight: Standard Bank of South Africa
FICO Customer Spotlight: Standard Bank of South Africa
::2013/12/04::
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Standard Bank on Frontier Africa
Standard Bank on Frontier Africa
::2013/11/20::
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Standard Bank Group: Our Heritage
Standard Bank Group: Our Heritage
::2012/12/20::
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From Wikipedia, the free encyclopedia
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The Standard Bank
of South Africa Limited
Type Public
Traded as JSE: SBK
Industry Banking
Founded 1862; 152 years ago (1862)[1]
Headquarters Johannesburg, South Africa
Area served Southern Africa, Africa
Key people Fred Phaswana
Chairman
Sim Tshabalala
Joint Chief Executive
Ben Kruger
Joint Chief Executive
Products Commercial banking
Investment banking
Investment management
Revenue Decrease US$ 16,6 Billion (2010)
Net income Increase US$ 1,6 Billion (2010)
Total assets Increase US$ 201,9 Billion (2010)
Employees 53,350
Website standardbank.com

The Standard Bank of South Africa Limited is one of South Africa's largest financial services groups. It operates in 32 countries around the world, including 19 in Africa.

History[edit]

The bank now known as Standard Bank was formed in 1962 as a South African subsidiary of the British overseas bank Standard Bank, under the name Standard Bank of South Africa.

The bank's origins can be traced to 1862, when a group of businessmen led by John Paterson[2] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank.

It was prominent in financing and development of the diamond fields of Kimberley in 1867. The word "British" was dropped from the title in 1883. When gold was discovered on the Witwatersrand, the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira's Camp (later to be called Johannesburg), thus becoming the first bank to open a branch on the Witwatersrand gold fields. On 1 November 1901 a second branch was opened in Eloff Street of Johannesburg.

Standard Bank in Adderley St, Cape Town

Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent's previous name.

In 1967 shares in the Standard Bank of South Africa were offered to the South African public, although the British parent company retained over 80% of the shares.[3]

The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. During the 1970s and 1980s Standard Chartered gradually reduced its shareholding, and sold its remaining 39% stake in Standard Bank Group in 1987, transferring complete ownership of the holding company to South African investors.[3]

Expansion and acquisitions[edit]

Africa[edit]

In 1992 the bank acquired the operations of ANZ Grindlays Bank in eight African countries. Most of the newly acquired banks were renamed Stanbic Bank, to avoid confusion with the former parent (and now competitor), Standard Chartered. Several more banks in Africa were acquired during the 1990s, and adopted the Stanbic name.[3]

Uganda[edit]

In 2002, Standard Bank acquired 90% of Uganda Commercial Bank, the largest commercial bank in Uganda at that time, making Standard Bank a major actor in the banking sector of that East African country. They renamed the bank Stanbic Bank (Uganda) Limited. As of December 2012, Stanbic Bank (Uganda) was still Uganda's largest commercial bank with approximately 20% of all bank assets and about 18% of all bank branches in the country.[4] The stock of Stanbic Bank (Uganda) Limited is traded on the Uganda Securities Exchange (USE) under the symbol SBU. Standard Bank Group maintains approximately 80% shareholding.[5]

Nigeria[edit]

On 21 August 2007 Standard Bank Group acquired controlling interest in IBTC Chartered Bank. This gave subsidiary StanbicIBTC Bank Nigeria Limited significant presence in the Nigerian market.

Mozambique[edit]

Standard Bank SARL ("SBM") has a long history and is considered one of the leaders of the local market. Already active in Mozambique for 118 years. The network's Standard Bank is one of the largest in the country. Covers all major towns and cities of Mozambique, with 44 branches.[6]

Côte d'Ivoire[edit]

In February 2014, Standard Bank Group is expected to open a representative office in Abidjan, Ivory Coast, marking the entry of the banking conglomerate into Francophone West Africa. Ivory Coast becomes the 19th African country where Standard Bank maintains a subsidiary.[7]

International[edit]

United Kingdom[edit]

In the early 1990s the bank started operations in London, and Standard Bank London Ltd was awarded a banking licence in 1992.[3]

It was announced at the end of July 2013 that Standard Bank was in talks to sell its markets business in London to the Industrial and Commercial Bank of China for more than $500 million.[8] In November 2013, Standard Bank confirmed it was in talks to sell a controlling stake in its London-based global markets business.[9]

Argentina[edit]

In 2006, Standard Bank bought BankBoston Argentina expanding its operations into this country. In 2012, ICBC acquired 80% of its shares. Rebranding occurred on April 2013.

Isle of Man[edit]

Standard Bank has operations in the Isle of Man. [1]

Jersey[edit]

Standard Bank has operations in Jersey.

Standard Bank in Jersey

Turkey[edit]

Also in August 2007, Standard Bank Group acquired a 67% share of the Turkish bank Dundas Ünlü Securities and now operates in Turkey under the name of Standard Ünlü. The Bank sold it s shares down to 25% in April 2012 and the Turkish sub was renamed ÜNLÜ & Co. afterwards.

Russia[edit]

On 6 March 2009, Standard Bank announced plans to acquire 33% of Russia's second biggest investment bank, Troika. Troika, which is Russia's oldest brokerage, will acquire Standard Bank's current Russian banking operation, and will in addition receive cash of $200-million in the form of a 'convertible loan'[2]. Two executives of Standard Bank will join Troika's six-member board.

Investments in Standard Bank[edit]

Loan Deal with Chinese banks[edit]

On 11 September 2009 Industrial and Commercial Bank of China, Industrial and Commercial Bank of China (Macau), Bank of China, China Development Bank, China CITIC Bank initiated $1Billion club loan to Standard Bank.[10]

ICBC Deal[edit]

In October 2007 the Industrial and Commercial Bank of China acquired a stake of about 20% in Standard Bank for US$5.5bn. Half the stake came from ICBC acquiring existing shares and half from new shares. ICBC will also get two seats on the board of directors.

Bank Charges[edit]

In 2005 Standard Bank was rated as having the lowest bank charges in South Africa. By 2010 that had changed to the extent that Standard Bank was rated by Finweek’s review of SA bank charges as having amongst the highest bank charges in the country.[11] A report by Afriforum confirmed Standard Bank's position as having the highest bank charges in the country along with Absa Bank.[12]

See also[edit]

Bibliography[edit]

External links[edit]

References[edit]

  1. ^ Amphlett, George Thomas (1914). "I - Establishment of the Standard Bank of British South Africa, now called the Standard Bank of South Africa". History of the Standard Bank of South Africa ltd., 1862-1913. Glasgow, Printed by R. Maclehose. p. 1. 
  2. ^ Amphlett, George Thomas (1914). "I - Establishment of the Standard Bank of British South Africa, now called the Standard Bank of South Africa". History of the Standard Bank of South Africa ltd., 1862-1913. Glasgow, Printed by R. Maclehose. p. 3. 
  3. ^ a b c d Standard Bank Group: Historical Overview
  4. ^ Assets & Market Share Among Commercial Banks In Uganda
  5. ^ Uganda Securities Exchange
  6. ^ About Standard Bank Mozambique
  7. ^ Standard Bank Expands Its Africa Footprint
  8. ^ Standard Bank to sell London business to ICBC for over $500 mln, International: Reuters, 2013 
  9. ^ Standard Bank says in talks to sell London trading unit, International: Reuters, 2013 
  10. ^ Standard Bank Signs Loan Deal With Chinese Banks
  11. ^ Fin24.com reporter (27 September 2010). "SA’s most expensive bank". Fin24.com. Retrieved 9 February 2011. 
  12. ^ "Afriforum: Standard Bank and Absa is South Africa's most expensive banks". Afriforum. 3 November 2010. Retrieved 9 February 2011. 
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