Media releases - 2012


Standard Bank Group named the 'Best Primary Originator'

Standard Bank Group has been voted the 'Best Primary Originator of Kyoto Credits', in the Environmental Finance 13th Annual Market Survey. Standard Bank Group was awarded this accolade following voting by specialists in all aspects of the environmental and climate finance markets....

13 December 2012 More

Standard Bank South Africa launches contactless card payment technology

All Gold and Titanium Standard Bank-branded credit and cheque cards will now be issued with the tap-and-go payment method. This means that Standard Bank's credit card holders in South Africa will not have to swipe or insert their cards into terminals....

6 December 2012 More

Standard Bank South Africa offers cash transfer solution to Zimbabwe

Standard Bank South Africa and Stanbic Bank Zimbabwe, both members of Standard Bank Group Ltd, have teamed up with OK Zimbabwe Ltd to offer person-to-person money transfers in real time from South Africa to Zimbabwe....

3 December 2012 More

China-Africa ties deepen as China eyes new markets and moves up value chain

Africa matters more to China than ever before, and vice versa, say Standard Bank Group economists Jeremy Stevens and Simon Freemantle. Despite erosion of the cost competitiveness of China's exports, expectations that China will sell less manufactured goods to Africa have proven misplaced. ...

3 December 2012 More

Standard Bank Group wins Global Finance's Best Forex Provider in Africa award

Standard Bank Group has been awarded the prestigious Global Finance award for 2013 Best Foreign Exchange Provider in Africa. In addition Standard Bank Group was also named the Best Foreign Exchange Provider in four African countries: South Africa, Nigeria,Botswana and Zambia....

29 November 2012 More

Standard Bank South Africa keeps pricing as is for second year

Standard Bank South Africa will for the second year in a row not increase its pricing structure for personal banking transactional customers. Pricing changes usually come into effect on 1 January every year....

28 November 2012 More

Standard Bank Group and UNAIDS collaborate in response to Sub-Saharan African HIV/Aids pandemic

Standard Bank Group and the Joint United Nations Programme on HIV/Aids (UNAIDS), have collaborated on education and advocacy initiatives, to maximise results for the Aids response in sub-Saharan Africa. The MOU, which was signed today for an initial two year period, focuses on community and staff initiatives, and centres on the UNAIDS 2015 vision of 'zero new HIV infections, zero discrimination and zero AIDS related deaths'....

22 November 2012 More

Standard Bank Group arranges record bond issuances in 2012

Standard Bank Group has helped its South Africa-based corporate clients issue bonds and securitisations worth over R40-billion this year....

22 November 2012 More

Standard Bank Young Artists 2013 to help define South Africa's cultural identity

The Standard Bank Young Artist Awards have again been presented to a select group of young South African artists who are either on the threshold of national acclaim or whose artistic excellence has enabled them to make international breakthroughs. This year, an award for Performance Art has been presented for the first time....

15 November 2012 More

Affordable housing rental market looks increasingly attractive

The South African residential market offers an attractive opportunity in the affordable housing rental segment largely driven by low and middle income earners who do not qualify for bonds and increased demand for housing located closer to areas of economic opportunity....

13 November 2012 More

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012....

12 November 2012 More

Standard Bank Group to scale back its international operations

Given the challenging global economic climate and evolving regulatory regime for banks, Standard Bank Group's Corporate & Investment Banking business (CIB) is continuing to right size its international operations in a responsible and deliberate manner....

9 November 2012 More

Standard Bank Group commits R9.4bn to first batch of renewable energy projects

Standard Bank Group has emerged as the leading investor in the first round of South Africa's renewable energy independent power producer (REIPP) procurement process, backing a total of 11 wind and solar projects....

7 November 2012 More

Standard Bank Group collects eight Global Finance awards at SIBOS

Standard Bank Group scooped eight awards at the Global Finance Magazine awards ceremony for Global Finance Transaction Processing, at the annual SIBOS conference being held in Osaka, Japan....

1 November 2012 More

SA Home Loans raises over R5bn in 2012 via securitisation market

SA Home Loans, with Standard Bank Group acting as mandated lead arranger, has raised R1.4-billion through its latest Thekwini 10 issue....

1 November 2012 More

Standard Bank Group makes key Personal and Business Banking appointments

Standard Bank Group has further strengthened its Personal and Business Banking (PBB) franchise with the announcement of several key appointments....

31 October 2012 More

Standard Bank Group ranked South Africa's greenest company

Standard Bank Group has been ranked South Africa's “greenest” company in the 2012 Newsweek Green Rankings. ...

29 October 2012 More

Standard Bank, Microsoft and Samsung partnership

Standard Bank South Africa, Samsung and Microsoft have partnered to give Standard Bank South Africa customers first option on Samsung's new Ativ tablets, running the brand new Microsoft Windows 8 operating system – prior to the availability of the device in the mainstream market....

26 October 2012 More

Joburg and Standard Bank in new banking partnership

Standard Bank South Africa has beaten four banks in a tender bid to partner with the City of Joburg....

26 October 2012 More

Standard Bank Group gets behind the Orange Africa Cup of Nations, South Africa 2013

Football legends from throughtout Africa will join Standard Bank Group in celebrating the countdown to the upcoming continental football showpiece, the Orange Africa Cup of Nations, South Africa 2013. ...

25 October 2012 More

Cat Financial and Standard Bank Group collaborate in Africa

Caterpillar Financial Services (Dubai) Limited (Cat Financial), an indirect subsidiary of Caterpillar Inc. and a wholly owned subsidiary of Caterpillar Financial Services Corporation, the largest financier of Cat® machines worldwide, and Standard Bank Group, Africa's largest banking group, have entered into a collaboration agreement through which Standard Bank Group will provide a range of financial services to Caterpillar customers in six African countries....

16 October 2012 More

'Sh'boom' heralds launch of major new TV campaign for Standard Bank Group

Standard Bank Group has launched the next phase of its brand campaign “Moving Forward” that includes a major television commercial that captures key moments in world history, demonstrating progress and the positive emotion people feel when they move forward....

8 October 2012 More

The Standard Bank of South Africa signs US$175m term loan facility

The Standard Bank of South Africa Limited (SBSA) has signed a US$175 million, 364 day syndicated term loan facility in Dubai....

4 October 2012 More

Standard Bank Group named Most Innovative Investment Bank from Africa

Standard Bank Group has been named the “Most Innovative Investment Bank from Africa” in The Banker's Investment Banking Awards 2012. The Banker Awards, being held in London on October 4, 2012, recognise excellence in investment banking around the world. For Standard Bank Group, the award continues to underline its credentials as a leading emerging market bank....

4 October 2012 More

Standard Bank Group holds 20% market share of South Africa's public sector banking

Standard Bank Group continued making significant strides in providing banking services to the South Africa public sector by adding 10 new municipalities and othergovernment entities to its books during the first eight months of 2012....

27 September 2012 More

Economic conditions favour motorists looking for value in new car purchases, says Standard Bank South Africa

South African motorists are taking advantage of the lowest interest rates for 31 years, a market that offers more choice than ever before, and the affordability of models that is being bolstered by competitive discounts by dealers and manufacturers, says Standard Bank South Africa....

27 September 2012 More

Standard Bank South Africa building on successes of inclusive banking

Standard Bank South Africa's inclusive banking strategy continues to yield strong results, with the bank building on its experience and successes in driving financial inclusion. In the past year, close to a million new accounts have been opened in the market segment with incomes under R8000/month. ...

20 September 2012 More

The Standard Bank of South Africa Limited signs US$160m term loan facility

The Standard Bank of South Africa Limited has signed a US$160-million, 364 day syndicated term loan facility in Taipei. The transaction was launched at US$100-million and an oversubscription of US$60-million was obtained, thus allowing for a final take of US$160-million....

4 September 2012 More

Stanbic Bank Ghana signs US$21m agreement with Fuel Trade Limited

Stanbic Bank Ghana, a member of the Standard Bank Group, has concluded a US$21-million loan deal with Fuel Trade Limited to construct fuel storage tanks....

30 August 2012 More

Standard Bank Group recognised as leading trade finance bank in Africa

Standard Bank Group has been named Best Trade Bank in Africa, extending to six the number of recent accolades that recognise the group's leading position in trade finance on the continent....

21 August 2012 More

Standard Bank Group results benefit from its African focus

Standard Bank Group's core businesses performed well in a difficult environment and are showing good momentum as the group continues to improve its market position in Africa across many of its key products, segments and geographies....

16 August 2012 More

Mxit moves real currency into its world by partnering with Standard Bank South Africa

Mxit and Standard Bank South Africa have joined forces to provide real money transactions to Mxit's 10-million active South African users through the Mxit Money application....

16 August 2012 More

Public-private model for renewable energy infrastructure showing its value

The way the bidding process for South Africa's multi-billion rand renewable energy programme is being implemented is providing convincing evidence that public-private partnerships can be effectively established as a means to close the country's infrastructure deficit, says David Humphrey, Global Head of Power and Infrastructure at Standard Bank Group....

15 August 2012 More

Standard Bank Group places first offshore renminbi bonds with eastern and western African central banks

Standard Bank Group acted as sole bookrunner for the latest placement of China Development Bank's RMB500-million worth of three-year offshore renminbi bonds to African central banks. This is the first time that African central banks have participated in an offshore renminbi bond investment in primary markets.China Development Bank is a major state-owned policy bank in China....

6 August 2012 More

Standard Bank Group plays role in Kenya's debut syndicated term loan

Citi, Standard Bank Group and Standard Chartered Bank as bookrunners and mandated lead arrangers are pleased to announce the successful closing of syndication of the US$600,000,000 syndicated medium term loan facility for the Republic of Kenya, acting through the Ministry of Finance....

2 August 2012 More

Standard Bank Group stimulates local solar water heater industry with carbon credits programme

Standard Bank Group has registered with the Clean Development Mechanism (CDM) Executive Board of the United Nations Framework Convention on Climate Change (UNFCCC), under the Kyoto Protocol, a programme of activities (PoA) that will facilitate the supply, installation, and financing of solar water heaters to provide hot water services for low-income households in South Africa....

27 July 2012 More

AAA invests in Standard Bank's growth in Angola

Standard Bank Angola, part of the Standard Bank Group, announced today a strategic partnership with AAA in a share capital increase recently approved by Angola's Central Bank – BNA (Banco Nacional de Angola)....

24 July 2012 More

Standard Bank South Africa's Muvo card brings cutting edge technology to bus system

The introduction of the MasterCard Muvo card in Durban will herald the beginning of the end of carrying cash for bus fare in South Africa....

20 July 2012 More

Africa to gear up for more meaningful engagement with China

The partnership with China should aim to boost Africa's overall capacity, competitiveness and trade in a way that supports African development. African nations must use the Forum on China-Africa Cooperation to complement the continent's regional institutions and policy agenda....

17 July 2012 More

Standard Bank Group wins two best bank awards

Standard Bank Group has been recognised as the "Best Bank of the Year – South Africa" and the "Best Investment Bank – Africa" at the annual DealMakers Banking Awards 2012....

12 July 2012 More

Standard Bank Group leads in Africa with host of accolades at Euromoney Awards

Standard Bank Group was prominent among the winners of the 2012 Euromoney Awards for Excellence, receiving accolades for its work in mergers and acquisitions (M&A), risk advisory, project finance and debt capital markets....

6 July 2012 More

Standard Bank South Africa enhances digital banking with transactional banking app

Standard Bank South Africa has further enhanced its digital banking platform with the launch of a new transactional banking application (app). ...

28 June 2012 More

Standard Bank Group secures $250m facility for leading soft commodities trader ETG

Standard Bank Group announced the successful completion of a secured syndicated loan of $250-million for Export Trading Group (ETG), one of Africa's largest soft commodities companies....

25 June 2012 More

Standard Bank Group wins prestigious award in China

Standard Bank Group has been recognised as the Best Investment Bank in China for 2011/2012. This was announced at the recent China Outbound Investment Summit 2012, held in Beijing....

20 June 2012 More

Standard Bank Group supports first Clean Development Mechanism project in Ghana

Standard Bank Group supported a deal that today led to the registration of the first Clean Development Mechanism (CDM) project in Ghana. The project has been undertaken by Zoomlion Ghana Ltd....

19 June 2012 More

CfC Stanbic Bank expands into South Sudan

CfC Stanbic Bank, a member bank of Standard Bank Group has cemented its footprint in the Republic of South Sudan in a move aimed at supporting the country's economic pillars....

12 June 2012 More

South Africa must do more to put Africa at core of commercial, foreign policies

South Africa trade and investment relations with the rest of Africa have advanced considerably in the last 10 years, but its commercial prospects on the continent remain largely constrained, according to Standard Bank Group analysts Simon Freemantle and Jeremy Stevens....

12 June 2012 More

Standard Bank Group wins Africa Deal of the Year for Metorex transaction

Standard Bank Group's advisory work on the R9-billion acquisition of Metorex by China's Jinchuan has been named Africa Deal of the Year 2012 at a ceremony during the annual meetings of the African Development Bank being held in Arusha, Tanzania. ...

31 May 2012 More

Standard Bank named South Africa's most valuable banking brand

Standard Bank has been independently ranked the most valuable South African banking brand in the inaugural Brand Finance South Africa Top 50 most valuable brands published on 24 May 2012. ...

24 May 2012 More

Standard Bank Group funds five winning bids in the second round of government programme

Five projects supported by Standard Bank Group were among the successful bidders in the second round of bidding in the South African government's programme to procure renewable energy....

23 May 2012 More

The Standard Bank of South Africa signs US$1.35bn term loan facility

The Standard Bank of South Africa Limited has signed a US$1.35-billion, 36-month term loan facility in London. The transaction was launched in an amount of US$750-million and an oversubscription of US$726-million was obtained, thus allowing for a final take of US$1,350-million. ...

22 May 2012 More

Carbon deal to offset emissions in Kenya

Standard Bank Group has agreed to buy 313 000 certified emission reductions (CERs) from Karan Biofuels, a biomass energy producer in Kenya, over the next 10 years....

21 May 2012 More

Stanbic Bank announces landmark $300m loan syndication for MTN Ghana

Stanbic Bank Ghana and Standard Bank South Africa, both members of the Standard Bank Group, have in what has been recorded as the largest ever local currency syndication, successfully raised GHS 410 million to finance some operations of Ghana's leading telecom operator, MTN....

17 May 2012 More

Standard Bank Group involved in first 'future flow' deal in Nigeria

Standard Bank Plc, a member of Standard Bank Group Limited, was one of the mandated lead arrangers and a bookrunners on the USD150 000 000, 5-year amortising syndicated remittance backed term loan facility for Skye Bank Plc in Nigeria....

15 May 2012 More

Standard Bank Group's research tops poll

Standard Bank Group has been awarded Best Research House in Africa for Economics and also achieved a top three position in a further four categories in the Euromoney Annual Africa Research Poll. The categories are: Consumer Goods/Retail, Strategy, Banking and Finance and Construction/Cement. ...

10 May 2012 More

Top Artists Headline Standard Bank Joy of Jazz

The Standard Bank Joy of Jazz once again reinforces its status as South Africa's premier jazz festival, thanks to a stellar line up of international and local giants on the jazz scene....

10 May 2012 More

Ghana deal pulls together Standard Bank Group's skills

Stanbic Bank Ghana Limited and The Standard Bank of South Africa Limited have signed a US$31.2m medium-term loan facility, which will partially finance a new commercial office and retail development at the Airport City, Accra, Ghana....

8 May 2012 More

Standard Bank Group respects ASA ruling

Standard Bank Group respects the rulings of the Advertising Standards Authority of South Africa (ASA). The ASA ruled in favour of Standard Bank Group in relation to the complaints it submitted against FNB. The ASA, in turn, also ruled in favour of FNB regarding some of the complaints it lodged against Standard Bank Group. We intend to abide strictly by such rulings....

26 April 2012 More

Standard Bank Group releases its 2011 annual integrated report

Standard Bank Group today announced the release of its 2011 annual integrated report. This is the bank's second annual integrated report which aims to provide a succinct and balanced view of the organisation and its performance in 2011. The report will be posted by registered mail to shareholders today, as required by the South African Companies Act, and is also available on the group's investor relations website at: http://annualreport2011.standardbank.com/...

25 April 2012 More

Standard Bank Group Sustainability Report for 2011 proves the bank's capacity for comprehensive innovation

Standard Bank Group's sustainability is dependent on its ability to “always seek opportunity where others see risk.”...

25 April 2012 More

Standard Bank South Africa launches a back-to-basics drive to support small business success

Standard Bank South Africa launched a fresh drive into the small business start-up market in a bid to help small businesses and shake up the way banks approach this sector....

12 April 2012 More

South Africa must protect competitive advantages as BRICs build ties with Africa

South Africa should be cautious not to offer too much to firms from BRIC countries that will increasingly be more competitors than collaborators in unlocking Africa's allure, says Simon Freemantle, economist and researcher at Standard Bank....

30 March 2012 More

Standard Bank South Africa Home Loans Quarterly Report: Local property market remains constrained

Standard Bank South Africa, the country's largest mortgage lender, released its first Home Loans Quarterly Report for 2012. The report shows that house price growth in South Africa remained fairly muted in 2011, and Standard Bank South Africa's median house price ended the year with negative year-on-year growth of 0.5% in December 2011. This indicates a sideways movement in South African house prices from the previous year. ...

29 March 2012 More

Standard Bank South Africa gives real banking value to customers

Standard Bank South Africa has significantly reduced prices across personal current accounts....

22 March 2012 More

Standard Bank Group delivers strong set of 2011 results

Standard Bank Group remains the largest bank in Africa by profits and assets, with a strong balance sheet and a recognised and trusted brand....

08 March 2012 More

Standard Bank Group underwrites over R19 billion of renewable energy bids

Standard Bank Group has underwritten more than R19 billion of renewable energy bids at the close of the second bid day for the South African government's Renewables IPP Procurement Program. The mandates that the bank supported on bid day 1 comprise of 367MW of wind generated energy and 238MW of solar generated photovoltaic energy. ...

06 March 2012 More

Standard Bank redefining financial inclusion in South Africa

Standard Bank has launched AccessAccount, a competitive, transparent and accessible banking account aimed at providing affordable banking services to South African consumers....

05 March 2012 More

Standard Bank South Africa's fourth Mpumalanga tender in a row

Standard Bank South Africa has won its fourth public sector account in Mpumalanga in less than a year with the awarding of the Thaba Chweu (Lydenburg) local municipality account. ...

02 March 2012 More

Standard Bank Group scoops top three titles at DealMakers awards

Standard Bank Group has won the three showstopper DealMakers awards: Top Adviser by Deal Value, Deal of the Year and Dealmaker of the Year....

01 March 2012 More

Standard Bank Group named Africa's best investment bank

Standard Bank Group has been named by the prestigious Global Finance magazine as the best investment bank in South African and Africa. This is in addition to the growing list of accolades the group has already received this year, in recognition of its capabilities and achievements. ...

28 February 2012 More

Standard Bank lodges complaint with ASA against FNB for misleading advertising

Johannesburg 28 February 2011 - Standard Bank has lodged a complaint with the Advertising Standards Authority (ASA) against FNB for misleading advertising....

28 February 2012 More

Standard Bank and Mizuho Corporate Bank sign cooperation agreement

Mizuho Corporate Bank, Ltd (MHCB) and The Standard Bank of South Africa Ltd today entered into a non-exclusive general business cooperation agreement aimed at fostering closer cooperation in financial services to assist Japanese companies in Africa. ...

22 February 2012 More

Standard Bank Group named best syndicated loan house in Africa

Standard Bank Group has been awarded four awards at EMEA Finance's Achievement Awards 2011, including best syndicated loan house in Africa. ...

22 February 2012 More

Stanbic IBTC Bank to showcase Nigerian economic potential

Investors' ability to target opportunities in Nigeria will be enriched considerably at the forthcoming Stanbic IBTC Bank Investors 2012 Conference in Lagos. The conference's theme is “Nigeria: Bucking the trend?”....

22 February 2012 More

Oltio receives global recognition for mobile money innovation

South African mobile-centric company Oltio, a joint venture company between Standard Bank Group and MTN, has been nominated for the Best Mobile Money Innovation for its switch platform payD in the annual GMSA Global Mobile awards....

14 February 2012 More

Standard Bank Group scoops top honours in project finance awards

Standard Bank Group has won four Deal Of The Year titles in recognition of its capabilities and achievements in implementing project finance deals across Africa over the past year. ...

13 February 2012 More

Volatile global markets to support higher gold price in 2012

Global market volatility and economic uncertainty will continue to boost the sustained increase in demand for gold and support higher prices....

09 February 2012 More

Time to act on opportunities in Africa

China will continue to drive the global economy and support the commodity boom. Naturally, the degree to which the Chinese economy is able to do so depends on several factors. ...

09 February 2012 More

China still key to global copper demand

Global copper consumption is expected to grow 1.2% in 2012 to reach 20,349-million metric tons, with China accounting for the bulk of the demand, according to Standard Bank Group's Head of Commodities Research Walter de Wet....

06 February 2012 More

Standard Bank Group remains Africa's most valuable banking brand

Standard Bank Group has for the second year in a row been independently ranked the most valuable banking brand in Africa, according to the 2012 global Top 500 Banking Brands report....

02 February 2012 More

Standard Bank Personal and Business Banking South Africa lent R75 billion in 2011

Standard Bank Group has lent R75 billion to its personal and business customers in South Africa over the past year, says Peter Schlebusch, CE of Personal and Business Banking at Standard Bank South Africa....

30 January 2012 More

Troika transaction successfully concluded

On 11 March 2011, Standard Bank Group announced a transaction where a 36.4% investment in Troika Dialog Group, together with the controlling stake owned by TDM Limited Partnership, would be acquired by Sberbank, Russia's largest bank. Under the terms of this agreement, Standard Bank Group would receive an upfront payment of US$372 million. They would participate in an earn-out payment based on the performance of Troika Dialog over the three financial years, ending in 2013. ...

26 January 2012 More

Africa will roll with the punches of global volatility

Economic growth in sub-Saharan Africa will remain subdued at about 5% in 2012 in line with an expected slowdown in global growth activity, but none of the continent's key economies are expected to slip into recession....

19 January 2012 More

Standard Bank Group sees growing merger and acquisition demand from China

Standard Bank Group has advised on merger and acquisition deals worth more than R10-billion recently between Chinese companies and companies on the African continent. Two large deals were concluded in 2011, namely the US$1.3-billion Metorex sale to Jinchuan, which was completed on Monday and the 25% sale of the Shanduka Group to China Investment Corporate for R2-billion, completed in December....

17 January 2012 More

Eaton Towers signs US$30-million debt financing with Standard Bank Group

Standard Bank Group, acting through Stanbic Bank Ghana and Standard Bank South Africa, has provided a debut debt financing for Eaton Towers Ghana Limited. ...

12 January 2012 More

Standard Bank Group helps homeowners move toward solar

Replacing that insured faulty or burst electric geyser could put many South Africans on the path to solar power and considerable household savings if they happen to be insured with Standard Bank Group....

4 January 2012 More

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