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STANDARD BANK GROUP

  • Country : South Africa
  • Name of the Company : STANBIC AFRICA HOLDINGS LIMITED
  • Headquarters : 9th Floor Standard Bank Centre 5 Simmonds Street Johannesburg 2001 PO Box 7725 Johannesburg 2000, SOUTH AFRICA
  • Phone number : +27 - 11 636 9111 / 11 636 9112 / 860 123 000
  • Fax :
  • Email : information@standardbank.co.za
  • Website : http://www.standardbank.com
  • Share Capital :
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Main Shareholders 0
Not available.
Management Team 5
Lastname Biography
Mr. Sim TSHABALALA , Group Joint Chief Executive Officer
Mr. Ben KRUGER , Group Joint Chief Executive Officer
Mr. David MUNRO , Chief Executive Officer Corporate and Investment Banking
Mr. Simon RIDLEY , Group Financial Director
Mr. Peter SCHLEBUSCH , Chief Executive Officer of Personal and Business Banking
Board of directors 14
Lastname Biography
Mr. Thulani GCABASHE , Chairman
Mr. Ben KRUGER , Group Joint Chief Executive Officer
Ms. Kgomotso MOROKA , Independent Non-Executive Director
Mr. Shu GU , Deputy Chairman and Non-Executive Director
Mr. Richard DUNNE , Independent non-Executive Director
Mr. Andre PARKER , Independent non-Executive Director
Mr. Atedo PETERSIDE , Independent non-Executive Director
Mr. Simon RIDLEY , Executive Director, Group Financial Director
Mr. Myles RUCK , Independent non-Executive Director
Mr. Peter SULLIVAN , Independent non-Executive Director
Mr. Sim TSHABALALA , Group Joint Chief Executive Officer
Ms. Swazi TSHABALALA , Independent non-Executive Director
Mr. Wenbin WANG
Mr. Ted WOODS , Independent non-Executive Director

HISTORY

• 1862 : The Standard Bank of British South Africa Limited was incorporated and registered on 15 October. 

• 1863 : Operations commenced immediately in London.

• 1876 : Standard Bank of British South Africa acquired the London and South African Bank on 8 August.

• 1892 : The Bank opened its first branch outside of South Africa in Salisbury (Harare), Rhodesia (Zimbabwe).

• 1894 : The Bank expand in Zimbabwe.

• 1894 : The Bank opened a branch at Delagoa Bay (Lourenco Marques/Maputo) in Portuguese East Africa (Mozambique).

• 1901 : Branch opened in Malawi

• 1904 : Agency opened in Germany

• 1906 : The Bank opened in Northern Rhodesia (Zambia).

• 1911 : The Bank opened two East African branches, in Kenya in Nairobi and Mombasa.

• 1911 : The Bank opened in Zanzibar (Tanzania).

• 1016 : The Bank opened in Tanganyika (Tanzania) and Dar-as-Salaam.

• 1918 : The Bank opened its first branch in the West End of London.

• 1920 : Standard Bank absorbed the African Banking Corporation (ABC – established on 7 June 1890).

• 1964 : Standard Bank Development Corporation (Devco) – later to become Standard Merchant Bank (SMB), was formed to be a source of medium-term finance and to assist in provision of capital for development projects.

• 1969 : Standard Bank, previously known as the Commercial Bank of Malawi, was registered as a commercial bank on 15 March 1969. 

• 1983 : Standard Bank gained joint control of the Liberty Life Group, a Pan-African financial services Group with headquarters in Johannesburg.

• 1992 : In November, Standard Bank acquired the operations of ANZ Grindlays Bank in Zimbabwe, Zambia, Kenya, Botswana, Uganda and Zaire and minority interests in Nigeria (40%) and Ghana (30%). All the acquisitions, except Merchant Bank (Ghana) Limited, were renamed Stanbic Bank in 1993.

• 1995 : Standard Bank purchased Standard Chartered Group’s subsidiary, Standard Chartered Bank, in the Isle of Man. 

• 1995 : Standard Bank Group’s roots in Lesotho date back to 1995 when the Group acquired Barclays Bank Plc to form a new entity called Standard Bank Lesotho. Today, Standard Lesotho Bank Limited is jointly owned by the Government of Lesotho, Lesotho Unit Trust and Standard Bank Group.

• 1997 : Standard Bank London acquired Warrior International, a London-based specialist mining corporate finance company. 

• 2002 : On 1 January, Standard Bank acquired an 80% stake in the state-owned Uganda Commercial Bank (UCB), one of the largest retail banks in the east African country. Standard Bank’s existing operation in Uganda, Stanbic Bank Uganda Ltd, merged with UCB.

• 2004 : Standard Bank acquired a 55,29% shareholding from Banco Totta Acores in Banco Standard Totta de Mozambique SARL (BSTM) increasing its shareholding in BSTM from 40.72%, acquired in 1996, to an effective shareholding of 96%.  BSTM was renamed Standard Bank SARL, Mozambique.

• 2004 : Standard Bank consolidated its subsidiary brands under a single Standard Bank brand.

• 2007 : Standard Bank Nigeria merged with IBTC Chartered Bank.

• 2011 : Standard Bank strategy focused on investing in Africa and countries with links to Africa. Standard Bank abandoned its strategy to be a global emerging markets player to concentrate on its investments in Africa.

• 2012 : Standard Bank’s Africa operations grew to 18 countries with the opening of a branch in Juba, South Sudan.

BUSINESS SEGMENTS

• Personal and Business Banking • Corporate and Investment Banking • Wealth Management Solutions • Life Insurance
Financial Highlights of the last three years
Not available.

LIST OF COUNTRIES

DIRECTORY BY GROUP

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