Media releases - 2013


Standard Bank Group provides R1bn finance for South Africa's first black-owned private hospital group

Standard Bank Group is mandated lead arranger and underwriter for around R1-billion in senior debt facilities to BusaMed Holdings, one of South Africa's first black-owned healthcare groups, for the construction of four new private hospitals in the Western Cape, the Free State and Gauteng provinces....

19 December 2013 More

Standard Bank South Africa offers fleet operators unique SMS service

South Africa's fleet management industry will face several challenges in 2014. High on the agenda for fleet managers will face the reality of the new urban tolls in Gauteng, pending legislation regarding emissions, new technologies and the need to control fleet costs....

11 December 2013 More

Standard Bank Group helps drive private sector investment in Nigeria's power grid

Nigeria is looking to grow its generating capacity from the current power capacity of 9,000 Megawatts (MW) to 20,000 MW by 2020 with the Nigerian government actively attracting greater private sector investment and interest in its power sector....

6 December 2013 More

Going green means more efficient and cost-effective vehicle fleets

Talk to the average fleet manager on going green, and they will probably immediately think about the costs of meeting emission requirements and using a specialised fleet management product to do so....

5 December 2013 More

Standard Bank Group wins inaugural award for foreign exchange services

Standard Bank Group has won the inaugural award for Best Bank for the South African Rand at the FX Week Best Bank Awards 2013, which was presented by the international specialist foreign exchange magazine FX Week. Standard Bank Group is South Africa's leading market maker and largest rand trader operating from 30 dealing rooms across the globe with 24-hour access highlighting the bank's trading capability....

4 December 2013 More

Jacko Maree receives Lifetime Achievement award

Former Standard Bank Group Chief Executive Jacko Maree was honoured in London for his contribution to banking in a career spanning more than 32 years....

29 November 2013 More

SBG Securities and Ünlü & Co launch co-branded Turkey equities research

SBG Securities, an institutional stock broking entity of The Standard Bank of South Africa Limited, and Ünlü Securities, a division of Ünlü & Co of Turkey, will be collaborating on their equities research product in covering listed Turkish equities. ...

18 November 2013 More

Standard Bank Group in discussions on its global markets business outside Africa

Standard Bank Group today issued an announcement advising shareholders that it is in discussions relating to the potential disposal of a controlling stake in its global markets business outside Africa. The principal legal entity that would form part of a transaction is Standard Bank Plc, the group's London operation....

8 November 2013 More

Standard Bank Group expands its Africa footprint

Standard Bank Group has expanded its Africa footprint with the opening of a representative office in the Ivory Coast (Côte d'Ivoire). This means that Standard Bank, which is the largest African banking group by assets and earnings, now has operations in 19 African countries....

4 November 2013 More

South African corporate bond market unaffected by sovereign downgrades

South Africa's corporate bond market remains resilient despite the series of sovereign downgrades experienced by the country over the past year....

4 November 2013 More

Standard Bank Group launches smart banking app in four more African markets

Customers of Standard Bank or Stanbic Bank in Botswana, Tanzania, Namibia and Uganda can now also do their banking via an app for Android devices. An iOS version will be available mid-November....

31 October 2013 More

Global liquidity continues to support African dollar-denominated debt sales

Dollar-denominated debt issuance by African nations and corporate enterprises continues to be supported by strong global liquidity flows in search for higher yield instruments to counteract the low investment returns currently available in the USA and Europe....

31 October 2013 More

Standard Bank Group signs affordable housing agreement with European Investment Bank

Standard Bank Group is making available up to EUR30-million for the financing of affordable housing developments in South Africa. This is part of the European Investment Bank's wider EUR150-million engagement to support investment in affordable and social housing in South Africa. Four local partners will manage the new programme in South Africa....

30 October 2013 More

Strong sales of extra-heavy vehicles in 2013

Early predictions that the South African market for extra-heavy duty vehicles would show growth in a tough environment in 2013 are being realised. Sales figures for September showed that 1 033 new units were bought during the month, compared to the 1 011 units sold in the corresponding period last year....

30 October 2013 More

Standard Bank Group's Kenya operation and ICBC conclude USD108m debt facility for Triumph heavy fuel oil plant

Standard Bank Group and the Industrial and Commercial Bank of China (ICBC) have concluded a USD108 million debt financing package with Triumph Kenya for the construction of an 83MW heavy fuel oil plant in the east African nation....

16 October 2013 More

Stanbic IBTC is custodian for BNP Paribas Securities Services

Stanbic IBTC has been selected as the custodian for BNP Paribas Securities Services in Nigeria. This decision was made recently following a rigorous selection process that presented Stanbic IBTC as the most suitable custodian....

9 October 2013 More

Stanbic IBTC is custodian to Nigerian Sovereign Wealth Fund

Stanbic IBTC has been appointed as the local custodian of the Nigerian Sovereign Wealth Fund by the Nigeria Sovereign Investment Authority (NSIA). This appointment was made following a rigorous exercise by NSIA. The fund is the third-largest sovereign wealth fund in sub-Saharan Africa....

9 October 2013 More

ICBC provides financing to Standard Bank Group renewable energy project

ICBC has provided more than R180-million financing to a 27MW wind project near Nelson Mandela Bay, Eastern Cape, South Africa, in which Standard Bank Group acted as the mandated lead arranger....

4 October 2013 More

Standard Bank Group in US$150m deal to build wind power project in Kenya

Standard Bank Group and its subsidiary CfC Stanbic Bank in Kenya, have signed a ground-breaking deal with independent power producer Aeolus Kenya (AKL), to build a US$150-million wind power plant in Kenya. The plant will be largest wind power generation farm in sub-Saharan Africa to date....

3 October 2013 More

Stanbic IBTC, John Deere Financial and Tata partner on agriculture financing

Stanbic IBTC Bank, a member of Stanbic IBTC Holdings PLC, has entered a collaboration with Tata Africa Services and John Deere Financial, a division of United States-based John Deere, whereby Stanbic IBTC Bank will provide a range of financial services to customers of John Deere....

1 October 2013 More

It's boom time for entrepreneurs opening franchises in rural areas, says Standard Bank South Africa

The economic boom in the Northern Cape, thanks to the opening of several new mines, has seen rural towns and centres flourishing and exponential growth in the number of franchises that have set up business in new shopping centres, says Standard Bank South Africa....

30 September 2013 More

Taking risk out of the sub-Saharan Africa markets

International investors no longer see any unusual investment risks, in sub-Saharan Africa, according to Mark Kerns, Standard Bank Group's African Head of Investor Services. As a result, increased investor interest in the region and the desire to develop more liquid local capital markets has seen the reform of securities markets across the region....

19 September 2013 More

Standard Bank Group scoops several awards across Africa at SIBOS 2013

Standard Bank Group, Africa's largest bank by assets and earnings, won 10 prestigious awards that validate its client-centric focus as well as its capabilities and expertise across an extensive network. The awards were announced at the annual SIBOS conference currently underway in Dubai....

18 September 2013 More

Africa's residential property market is the new frontier for investors

Africa's residential property market offers potentially lucrative opportunities for investors with the capability and experience to develop and manage quality housing stock in the continent's booming urban centres, says Standard Bank Group....

10 September 2013 More

Standard Bank South Africa innovations hub designs MTN Business App of the year

SnapScan, a payment app designed and piloted by Standard Bank South Africa's innovation hub Beyond Payments, won the 2013 MTN Business App of the year award. The app allows customers to use their phone to pay at any merchant displaying the SnapScan logo, without needing to load an electronic wallet. Once the app is downloaded, users simply scan their credit or debit card details, and use their phone to pay....

29 August 2013 More

AccessPoints revitalise small, women-owned businesses hit by the recession

“Standard Bank came to the rescue.” This is how Gladys Mashike, owner of the Mapetla General Dealer's Store in the North West, describes the difference AccessPoint banking facilities has made to her small business....

28 August 2013 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. Standard Bank Group was also named the Best Foreign Exchange Provider in four African countries: South Africa, Nigeria, Botswana and Zambia. ...

16 August 2013 More

Standard Bank leads South African retail banking according to Top Brands survey

Consumers have ranked Standard Bank South Africa the number one brand in the consumer banking category of the 2013 Sunday Times/TNS Top Brands survey. ...

16 August 2013 More

Standard Bank Group produces sound financial performance

Standard Bank Group produced a good set of results in the first half of 2013 despite the challenging South African and international environment....

15 August 2013 More

Standard Bank Group named Best Investment Bank in Africa by Euromoney

Standard Bank Group has been named Best Investment Bank in Africa, as well as the Best Bank in South Africa, by prestigious international finance magazine Euromoney. The awards were presented on 11 July at the 2013 Euromoney Awards for Excellence function in London. ...

12 July 2013 More

Innovative branded content strategy turns AccessBanking into a radio star

Standard Bank South Africa's AccessBanking offering for the lower income market is fast becoming a radio star on the back of a new integrated marketing strategy that may mark the most effective South African use to date of branded content....

11 July 2013 More

Standard Bank's UCount Rewards attracts 78 800 customers in first month

Standard Bank South Africa's new UCount Rewards programme has garnered over 78 800 members in its first month. This translates to some 2 600 new members a day, or 200 members an hour, registering to be a part of the exciting rewards programme. ...

9 July 2013 More

Standard Bank Group named Financial Times' Sustainable Bank of the Year

Standard Bank Group has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East....

18 June 2013 More

Standard Bank Group and State Street in sub-Saharan Africa partnership

Standard Bank Group and State Street Corporation have announced an agreement to provide transition management services in sub-Saharan Africa....

13 June 2013 More

Standard Bank South Africa customers get real value rewards programme

Standard Bank South Africa has launched an exciting rewards programme as part of its continued drive to provide customers' with real banking value. From 10 June 2013, Standard Bank South Africa customers in can join UCount Rewards, an innovative programme offering great rewards for simply using their Standard Bank personal debit, cheque or credit card....

10 June 2013 More

City of Tshwane raises R750m in South African debt capital market

Standard Bank Group is the sole lead arranger and book runner for a 15-year bond R750-million bond raised by the City of Tshwane through a private placement bond issue to finance the city's capital expenditure programme....

06 June 2013 More

Standard Bank Group shows expertise in Millicom US$500m bond issue

Standard Bank Group and J.P. Morgan have acted as joint global coordinators and joint bookrunners for the transaction of a US$500m 144A/Regulation S bond issue by Millicom International Cellular S.A. (Millicom), which closed 22 May 2013. BNP Paribas also acted as Joint Bookrunner for the transaction....

23 May 2013 More

Standard Bank Group arranges first renewable energy bond in South Africa

Standard Bank Group has acted as the sole lead arranger for South Africa's first - and only the world's third - renewable energy bond for concentrated photovoltaic energy . The R1-billion, 16-year solar financing bond (closed on 29 April), with an 11% coupon was raised for French renewable energy firm Soitec. ...

6 May 2013 More

Standard Bank Group uses sustainable strategy to mesh commercial reality and social relevance

Embedding sustainability thinking and sustainable business practices at every level of its business is paying dividends for both Standard Bank Group and its markets. ...

2 May 2013 More

Multi-faceted consumer car market bucks economic trend, says Standard Bank South Africa

The South African new car market is bucking the economic trend with sales increasing by 4.1% to 163 092 units during the first three months of 2013 when compared to the same period last year. This is despite tough economic conditions, with the South African Reserve Bank expecting GDP to grow by only 2.7% during 2013....

26 April 2013 More

Stanbic IBTC declares N12bn profit on gross earnings of N92bn

Stanbic IBTC Holdings, a member of Standard Bank Group, has declared a profit before tax of N11.7 billion for 2012, an increase of 16 percent above the N10.1 billion recorded in the corresponding period of 2011, according to its audited results for the financial year ended December 31, 2012. Similarly, profit after tax rose to N10.2 billion, translating to an increase of 53 percent over the prior year's N6.6 billion....

24 April 2013 More

Standard Bank Group boosts debt capital market with five issues valued at R6,1bn

Standard Bank Group has concluded five major corporate bond issuances in the past month with a value of R6,1-billion. Standard Bank has assisted Netcare, PPC Ltd, Mercedes Benz, SABMiller and the City Of Tshwane to access the bond market for their funding requirements....

23 April 2013 More

Standard Bank Group's leading carbon experts working with international climate organisation

Fenella Aouane of Standard Bank Group has been appointed to the Board of the Climate Markets and Investment Association (CMIA), an international trade association representing 50 companies that finance, invest in and provide enabling support to activities that reduce carbon emissions. The CMIA's membership accounts for an estimated 75% of the global carbon market, valued at US$120-billion in 2010....

23 April 2013 More

Standard Bank Group ranked the world's 12th greenest bank

Standard Bank Group has been ranked the 12th “greenest” bank in the world and the cleanest in Africa by Bloomberg Markets. ...

12 April 2013 More

Standard Bank South Africa's cash transfer solution to Zimbabwe hits R1million mark

Standard Bank South Africa has processed over R1million in cash transfers to Zimbabwe through its person-to-person money transfer offering, launched in partnership with OK Zimbabwe Ltd last year....

10 April 2013 More

Standard Bank Group named in 2013 list of World's Best Emerging Markets Banks

Standard Bank Group has been recognised by Global Finance magazine as the “World's Best Emerging Markets Bank”in four African countries. ...

10 April 2013 More

Standard Bank Group wins EMEA Finance awards in 2013 for landmark deals

Standard Bank Group has walked away with 11 acccolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitisation house and best syndicated loan house in Africa....

3 April 2013 More

Standard Bank Group signs R20bn finance deal with ICBC for renewable energy projects

Standard Bank Group has signed a R20-billion funding support agreement for renewable energy projects in South Africa with the Industrial and Commercial Bank of China (ICBC)....

2 April 2013 More

Stanbic IBTC Bank reconnects with customers in brand campaign

Stanbic IBTC Bank has launched a nationwide integrated brand repositioning campaign through which it seeks to showcase how both existing and potential customers can benefit from a new world of opportunities in banking. ...

27 March 2013 More

South Africa should use its BRICS membership to address Africa's poor infrastructure

South Africa should leverage its position in BRICS to increase investments in thedevelopment and upgrade of Africa's inadequate infrastructure, says David Humphrey, Global Head of Power and Infrastructure at Standard Bank Group....

27 March 2013 More

Standard Bank South Africa's affordable housing loan book reaches R14bn in 2012

Standard Bank South Africa's home loan book for the affordable housing market grew by 30% to R14-billion in 2012 as South Africa's largest residential mortgate lender continued to attract first-time homebuyers in this segment. ...

19 March 2013 More

Standard Bank Group increases investment in agricultural leadership and business development

Standard Bank Group will increase its investment in the Standard Bank Centre for AgriLeadership and Business Development at Stellenbosch University to R5.13-million over the next three years. This is up on the R3.45-million support Standard Bank Group provided over the past three years....

15 March 2013 More

Standard Bank South Africa's agri conferences bring provincial role players together

Standard Bank South Africa's agricultural division is hosting a series of provincial roadshows in South Africa aimed at engaging major role players and sector leaders in discussions about generating growth in their region. ...

14 March 2013 More

New life for Newgate in Johannesburg CBD

The first of nearly 500 residential tenants have moved into Newgate, the latest affordable residential precinct to take root in Johannesburg's inner city, South Africa's largest metropolis. Refurbishment of the eleven-storey 25 000m² building got underway at the beginning of 2012. ...

14 March 2013 More

Standard Bank Group produces sound financial performance

Standard Bank Group produced a sound financial performance for 2012 and demonstrated good momentum in its businesses....

7 March 2013 More

Jacko Maree to retire as Standard Bank Group Chief Executive

Jacko Maree (57) is stepping aside as Group Chief Executive of Standard Bank Group (SBG) after more than 13 years at the helm of Africa's largest bank....

7 March 2013 More

African banks look to fill gap left in trade finance as Europe pulls back

International commodity traders are turning to African banks to finance trade transactions as the global economic slowdown, Eurozone debt crisis and tougher capital requirements force international banks to pull back their lending in Africa....

5 March 2013 More

Standard Bank Group cautiously optimistic about BRICS development bank

The feasibility of establishing a BRICS development bank will be an agenda item prominent in the upcoming fifth BRICS summit. The envisioned bank is expected to focus on financing infrastructure development projects and providing auxiliary support for project preparation such as feasibility studies, according to a report released by Standard Bank Group today....

25 February 2013 More

Standard Bank Group funds USD120m water project in Ghana

Standard Bank Group has arranged an international financing package to develop a USD126-million sea water desalination plant in Accra, Ghana. The plant will have a water production capacity of 60,000m3/day. Investors in the project are Spanish infrastructure company Abengoa S.A. and Sojitz Corporation of Japan, which together are contributing equity fundingcovering 30% of project costs. The balance of 70% of the project's funding is provided by Standard Bank Group in the form of senior debt....

20 February 2013 More

Standard Bank Group showcases green-rated building

Standard Bank Group's latest office complex in Rosebank, Johannesburg, is set to drive growth and development in this fast emerging and developing business hub....

20 February 2013 More

Standard Bank Group scoops top honour in annual Project Finance magazine awards

Standard Bank Group has won Project Finance magazine's 2012 African Mining Deal Of The Year for the USD700m project funding for Konkola Copper Mines Plc. The award recognizes Standard Bank Group's capabilities and achievements in helping implement KCM's brownfields expansion project in Zambia's copper belt to re-establish mining operations, and complete the development of the KonkolaDeep Mining Project....

14 February 2013 More

Deal builds on Standard Bank Group's track record in Mozambique

Empresa Moçambicana de Exploração Mineira SA (EMEM) has mandated Standard Bank Group to advise it on its current and future shareholdings in Mozambican mining companies and to advise EMEM as it works to develop the infrastructure required to unlock the full potential of mining projects in Mozambique....

14 February 2013 More

Standard Bank Group finances six acquisitions for Ascension Properties

Standard Bank Group has concluded a R500-million debt transaction for JSE-listed property fund Ascension Properties....

8 February 2013 More

Africa to benefit from China infrastructure investments

Africa's infrastructure is poised for increased development and investment. The nextdecade should see increased spending on the back of commodity expansion and a growing middle class on the continent. Africa's economy has remained resilient despite the downturn being experienced in Europe and the US. Africa and South America will be the next global growth point and will see increased investments especially from China....

7 February 2013 More

Standard Bank Group remains Africa's most valuable banking brand

Standard Bank Group has been ranked as the most valuable banking brand in Africa for the third consecutive year in the 2013 global Top 500 Banking Brands report. ...

5 February 2013 More

Standard Bank Group is one of the world's 100 most sustainable corporates

Standard Bank Group has been ranked 98 on the Global 100 Most Sustainable Corporations in the World list and is the only African company on the list. It's also one of only nine banks listed. Its official ranking was announced at the World Economic Forum in Davos, Switzerland. ...

24 January 2013 More

Standard Bank South Africa finances construction of Group Five's new Head Office

Standard Bank South Africa has finalised a R408 million financing arrangement for leading commercial property investor and developer, Atterbury Property Group, to construct a head office block for engineering and construction firm Group Five at the Waterfall Business Estate development in northern Johannesburg. ...

15 January 2013 More

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