Africa & Middle East
|Date joined:||26 April, 2010|
Our Vision: To aspire to be a leading emerging market financial services organization.
Standard Bank Group is one of the big four full-service South African banks. The group operates in a range of banking and related financial services. The group has a wide representation which spans 17 African countries and 16 countries outside of Africa with an emerging market focus. Standard Bank has more than 6,500 points of representation on the African continent.
Standard Bank Group is listed on the JSE Limited, share code SBK and has a December year end.
The Standard Bank Group is the largest South African banking Group ranked by the assets and earnings. The group had total assets of over R 1,345 billion (approximately USD 182 billion) at 31 December 2009 and employed more than 50,000 (including Liberty) people worldwide. Standard Bank’s market capitalization at 31 December 2009 was R 159 billion (approximately USD 22 billion).
Standard Bank’s equity is widely spread. At 31 December 2009, Industrial and Commercial Bank of China (ICBC) held 20.1% followed by the Public Investment Corporation holding 12.2%.
Standard Bank and Sustainability
Building sustainability thinking into the way Standard Bank Group does business is less about drastic changes in what we do and more about understanding the linkages between our own operations, the emerging markets communities in which we operate and global pressures.
Standard Bank began its sustainability reporting journey in 2002 and has used the Global Reporting Initiative (GRI) G3 Reporting Guidelines including the Financial Services Sectors Supplement indicators as a guide when reporting. While we have made solid progress in our sustainability journey over the past years on integrating sustainability practices across the group, we still have much more to do.