Standard Bank Group
Standard Bank Group Milestones
2020 Milestones
- Standard Bank issued its first ever green bond via private placement with The International Finance Corporation (IFC), a development finance institution focused on the private sector and part of the World Bank Group.
- Standard Bank acquired a 35% interest in digital escrow company, TradeSafe Escrow.
2019 Milestones
- Standard Bank tabled two climate risk-related resolutions at its annual general meeting on 30 May, the first South African company to table shareholder resolutions on any climate-related issue.
- Stanbic Bank Uganda voluntarily suspended its trading activities on the Uganda bourse to implement a reorganisation exercise which included the formation of a holding company. The bank resumed trading on 10 April as Stanbic Bank Uganda Holding Limited.
- Standard Bank was awarded the domestic custody and derivatives clearing business of Legae Peresec, South Africa’s leading equities broker in terms of volume and value of trades executed in the SA market.
- Standard Bank, with Tier 1 capital of $9.8 billion, retained the top spot in the top 10 African banks category of The Banker’s 2019 Top 1000 World Banks rankings.
- Standard Bank acquired an additional 4.3 million shares in Stanbic Bank Kenya Holdings, raising its stake in the subsidiary to 69.1%.
- Standard Bank announced its exit from its investment in ICBCA [ICBC Argentina] to realise capital for reinvestment in its African strategy.
- Standard Bank, STANLIB and Liberty launched 1nvest, a specialist index tracking fund provider. 1nvest is 50% owned by Liberty and 50% by the Standard Bank Group.
- Standard Bank Namibia officially listed on the Namibia Stock Exchange (NSX) on 15 November.
- Standard Bank launched its Investor Services business in Côte d'Ivoire.
2018 Milestones
- Standard Bank sold Oltio, the mobile payments technology company, to Mastercard.
- SBSA attained a Level 1 BBBEE rating, making it one of the most transformed JSE listed companies.
- Stanbic Insurance Brokers Zambia Limited was granted a broking license by the Zambia Pension Insurance Authority, the first bank in Zambia to receive such a license. Stanbic Insurance Brokers Zambia (SIBZ) was officially launched in August.
- Standard Bank Group increases its shareholding in Stanbic IBTC Holdings PLC, its Nigerian subsidiary, from 53,1% to 64,4%.
- Standard Bank officially launches a fully licensed bank, focusing on the needs of Corporate and Investment Banking clients, in Abidjan, Côte d’Ivoire (operating as Stanbic Bank).
- Standard Bank, recording Tier 1 capital of $10.13 billion in 2018, is named South Africa’s biggest bank in The Banker’s annual rankings of the Top 1000 banks in the world.
- Standard Bank’s South African operation (SBSA) to operate as a distinct business within the Standard Bank Group, equivalent to all the bank’s other country businesses.
- Standard Bank Group listed (secondary listing) on the A2X Exchange where its shares were available for trading from 15 November 2018. The bank retained its primary listing on the Johannesburg Stock Exchange.