1
Never stop moving forward- Standard Bank IRONMAN South Africa advert 2015
Never stop moving forward- Standard Bank IRONMAN South Africa advert 2015
DATE: 2015/01/30::
2
Standard bank debt collecting-Whackhead prank 1/2
Standard bank debt collecting-Whackhead prank 1/2
DATE: 2010/01/29::
3
GTA 5 Heists Online Gameplay - THE PACIFIC STANDARD BANK HEIST! (Part 2/2) [GTA V Heists DLC]
GTA 5 Heists Online Gameplay - THE PACIFIC STANDARD BANK HEIST! (Part 2/2) [GTA V Heists DLC]
DATE: 2015/03/11::
4
Overview of the new Standard Bank Smartphone App
Overview of the new Standard Bank Smartphone App
DATE: 2014/08/15::
5
GTA 5 Heists Online Gameplay - THE PACIFIC STANDARD BANK HEIST! (Part 1/2) [GTA V Heists DLC]
GTA 5 Heists Online Gameplay - THE PACIFIC STANDARD BANK HEIST! (Part 1/2) [GTA V Heists DLC]
DATE: 2015/03/11::
6
Standard Bank of South Africa is Bringing Banking to the Unbanked
Standard Bank of South Africa is Bringing Banking to the Unbanked
DATE: 2012/01/27::
7
GTA 5 Pacific Standard Bank Heist Strategy Guide - "MAX CASH ROUTE" No Elite Bonus
GTA 5 Pacific Standard Bank Heist Strategy Guide - "MAX CASH ROUTE" No Elite Bonus
DATE: 2015/03/14::
8
GTA 5 HEIST GAMEPLAY - ORNATE BANK HEIST!! (GTA 5 Pacific Standard Bank Heist)
GTA 5 HEIST GAMEPLAY - ORNATE BANK HEIST!! (GTA 5 Pacific Standard Bank Heist)
DATE: 2015/03/11::
9
Standard Bank’s Plans For African Operations
Standard Bank’s Plans For African Operations
DATE: 2014/08/18::
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
DATE: 2013/02/18::
11
GTA 5 Online HEISTS - The Pacific Standard Job BANK HEIST! (GTA V Online)
GTA 5 Online HEISTS - The Pacific Standard Job BANK HEIST! (GTA V Online)
DATE: 2015/03/13::
12
Welcome to the Standard Bank IRONMAN African Championship
Welcome to the Standard Bank IRONMAN African Championship
DATE: 2014/10/13::
13
GTA 5 Heists - Pacific Standard BANK Heist Gameplay - FINAL HEIST! (GTA 5 Funny Moments)
GTA 5 Heists - Pacific Standard BANK Heist Gameplay - FINAL HEIST! (GTA 5 Funny Moments)
DATE: 2015/03/13::
14
StandardBank i - Interview
StandardBank i - Interview
DATE: 2014/06/06::
15
GTA 5 HEIST Online - Der letzte BANKÜBERFALL! THE PACIFIC STANDARD BANK HEIST! Full Gameplay!
GTA 5 HEIST Online - Der letzte BANKÜBERFALL! THE PACIFIC STANDARD BANK HEIST! Full Gameplay!
DATE: 2015/03/12::
16
GTA 5 HEISTS: THE BIG BANK HEIST!!!!! - GTA 5 Pacific Standard Job - GTA HEIST Funny Moments
GTA 5 HEISTS: THE BIG BANK HEIST!!!!! - GTA 5 Pacific Standard Job - GTA HEIST Funny Moments
DATE: 2015/03/14::
17
Standard Bank IRONMAN South Africa- never stop moving forward advert
Standard Bank IRONMAN South Africa- never stop moving forward advert
DATE: 2015/01/30::
18
Standard Bank |
Standard Bank | 'Corporate & Investment Banking'
DATE: 2011/06/15::
19
GTA Online Pacific Standard Bank Heist Finale!
GTA Online Pacific Standard Bank Heist Finale!
DATE: 2015/03/13::
20
GTA Online RAPINE IN BANCA GAMEPLAY LIVE Ultimo Colpo Pacific Standard Bank #1 FURGONI & FREQUENZE !
GTA Online RAPINE IN BANCA GAMEPLAY LIVE Ultimo Colpo Pacific Standard Bank #1 FURGONI & FREQUENZE !
DATE: 2015/03/23::
21
Standard Bank on African growth
Standard Bank on African growth
DATE: 2015/03/13::
22
Standard Bank IRONMAN African Championship - Witness the Impossible
Standard Bank IRONMAN African Championship - Witness the Impossible
DATE: 2015/03/23::
23
Standard Bank App for tablet
Standard Bank App for tablet's advert
DATE: 2014/03/18::
24
Escape en Helicóptero, Golpe Pacific Standard Bank, GTA V Online Heists
Escape en Helicóptero, Golpe Pacific Standard Bank, GTA V Online Heists
DATE: 2015/03/25::
25
GTA Online RAPINE IN BANCA GAMEPLAY LIVE Ultimo Colpo Pacific Standard Bank #2 MOTO NOS & CONVOGLIO!
GTA Online RAPINE IN BANCA GAMEPLAY LIVE Ultimo Colpo Pacific Standard Bank #2 MOTO NOS & CONVOGLIO!
DATE: 2015/03/25::
26
Como escapar en un Kuruma Golpe Pacific Standard Bank, GTA V Online Heists
Como escapar en un Kuruma Golpe Pacific Standard Bank, GTA V Online Heists
DATE: 2015/03/25::
27
Anar Akhundov - Bank Standard (Azerbaijan)
Anar Akhundov - Bank Standard (Azerbaijan)
DATE: 2013/07/02::
28
GTA V Online : Braquage : Casse de la Pacific Standard Bank (Motos) (PS4)
GTA V Online : Braquage : Casse de la Pacific Standard Bank (Motos) (PS4)
DATE: 2015/03/14::
29
Union Standard Bank: интернет банкинг и развитие концепции Банк 3.0
Union Standard Bank: интернет банкинг и развитие концепции Банк 3.0
DATE: 2014/08/12::
30
Standard Bank
Standard Bank
DATE: 2014/04/17::
31
Standard bank debt collecting-Whackhead prank 2/2
Standard bank debt collecting-Whackhead prank 2/2
DATE: 2010/01/29::
32
GTA 5 HEISTS DLC GAMEPLAY ONLINE - FINAL BANK HEIST! GTA ONLINE PACIFIC STANDARD HEIST! (GTA V)
GTA 5 HEISTS DLC GAMEPLAY ONLINE - FINAL BANK HEIST! GTA ONLINE PACIFIC STANDARD HEIST! (GTA V)
DATE: 2015/03/11::
33
Standard Bank IronMan Swimmer Web
Standard Bank IronMan Swimmer Web
DATE: 2015/01/27::
34
GTA 5 HEISTS GAMEPLAY - ORNATE BANK HEIST FINALE! GTA 5 PACIFIC STANDARD HEIST DLC
GTA 5 HEISTS GAMEPLAY - ORNATE BANK HEIST FINALE! GTA 5 PACIFIC STANDARD HEIST DLC
DATE: 2015/03/11::
35
Audrey Mothupi, Standard Bank of South Africa
Audrey Mothupi, Standard Bank of South Africa
DATE: 2014/02/11::
36
Standard Bank 2014 Mark of Excellence Awards In Personal Business Banking
Standard Bank 2014 Mark of Excellence Awards In Personal Business Banking
DATE: 2015/02/10::
37
Standard Bank Young Artist Award 2013 - Shane Cooper (Jazz)
Standard Bank Young Artist Award 2013 - Shane Cooper (Jazz)
DATE: 2012/11/14::
38
New Standard Bank Internet Banking Overview
New Standard Bank Internet Banking Overview
DATE: 2015/02/10::
39
A playful workspace for Standard Bank (FULL INSERT)
A playful workspace for Standard Bank (FULL INSERT)
DATE: 2015/02/27::
40
GTA V Braquages : Casse Pacific Standard Bank (Phase Finale) (PS4)
GTA V Braquages : Casse Pacific Standard Bank (Phase Finale) (PS4)
DATE: 2015/03/19::
41
MasterCard Advisors Testimonial - Standard Bank
MasterCard Advisors Testimonial - Standard Bank
DATE: 2014/10/17::
42
GTAV - Pacific Standard Bank Heist
GTAV - Pacific Standard Bank Heist
DATE: 2015/03/20::
43
Standard Bank talks Think Big show and banking for small businesses
Standard Bank talks Think Big show and banking for small businesses
DATE: 2014/09/05::
44
Standard Bank Commercial Feat. Nadia Valvekens
Standard Bank Commercial Feat. Nadia Valvekens
DATE: 2015/01/07::
45
The
The 'Pacific Standard Bank Heist' | a GTA Online Machinima Movie
DATE: 2014/05/28::
46
Standard Bank Young Artist Award 2015 - Nduduzo Makhathini (Jazz)
Standard Bank Young Artist Award 2015 - Nduduzo Makhathini (Jazz)
DATE: 2014/10/28::
47
Standard Bank, TV Commercial, South Africa
Standard Bank, TV Commercial, South Africa
DATE: 2009/10/10::
48
Standard Bank Joy Of Jazz 2014 - Sandton Convention Centre
Standard Bank Joy Of Jazz 2014 - Sandton Convention Centre
DATE: 2014/09/11::
49
GTA Online Heists Part 26 - The Pacific Standard Bank Job Finale!
GTA Online Heists Part 26 - The Pacific Standard Bank Job Finale!
DATE: 2015/03/26::
50
Standard Bank
Standard Bank's Journey Towards World Class Customer Experiences
DATE: 2014/05/27::
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From Wikipedia, the free encyclopedia
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This article is about the present South African-based bank. For the historic British bank, now part of Standard Chartered, see Standard Bank (historic).
"Standard Bank of South Africa" redirects here. For the bank known by that name until 1962, see Standard Bank (historic).
The Standard Bank
of South Africa Limited
Public
Traded as JSE: SBK
Industry Banking
Founded 1862; 153 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)
Increase US$ 1,6 Billion (2010)
Total assets Increase US$ 201,9 Billion (2010)
Number of employees
49,000
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. founded by the merger of the International Banking & Trust Co. plc and Chartered Bank plc. This gave subsidiary Stanbic IBTC Holdings 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 120 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]

Malawi[edit]

In December 2001, Standard Bank acquired 60.18% holding in the Commercial Bank of Malawi and became a majority shareholder. The bank was renamed Standard Bank of Malawi.

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]

During 2014 Standard Bank Limited SA, were fined more tha £6 Million for Money Laundering (AML) Regulations by the FICA (Financial Intelligence Centre Act), or its predecessor the Financial Services Authority (FSA) in London. This has brought focuses to the Standard Bank’s international commercial banking activity. It was the first AML case to use the new penalty regime, which applies to breaches committed from 6 March 2010. Under the new regime, larger fines are expected. Between 15 December 2007 and 20 July 2011, Standard Bank failed to comply with Regulation 20(1) of the Money Laundering Regulations because it failed to take reasonable care to ensure that all aspects of its AML policies were applied appropriately and consistently to its corporate customers connected to PEPs.

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, 2014 
  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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