The Standard Bank Group Ltd consists of South African financial services groups. The group is Africa’s biggest lender of assets. The company is based in Johannesburg, South Africa. Standard Bank was founded on 15 October 1862, under the name of The Standard Bank of South Africa, by the British bank Standard Bank. The bank officially started operating on Port Elizabeth in 1863, after which he pursued a number of mergers; including Commercial Bank of Port Elizabeth, the Colesberg bank, the British Kaffrarian Bnak and the FauresmithBank.

Standard Bank was known as Standard Bank of South Africa until 1962, by then it had spread its operations all over South Africa. Since then, the Standard Bank group has spread across Africa, opening branches in Ivory Coast, Malawi, Mozambique, Namibia, Nigeria, Tanzania and Uganda. The Standard Bank group also has a diverse international portfolio, with interests in the United Kingdom, Isle of Man, Jersey, Turkey and Russia.

The Standard Bank Group is the largest in Africa in terms of market cap (which totals an approximated R317 billion, or USD28 billion). The group offers an extensive range of commercial banking services. All in all, the group has on ground presence in twenty countries across Africa.

The Standard Bank group has enjoyed significant success since its inception in1863. A significant driving force behind the bank’s success is its British roots to this day. This international presence has seen the bank enjoy the perks brought by market leading experts. The bank now employs north of 55 000 people, which speaks volumes about the bank’s sheer growth demand.

Standard Bank operates with a strong set of values that have helped them carve their success. The bank aims to continuously do everything in their power to serve their customers, grow their people and delivering to shareholders. These initial core fundamentals have been paramount in the group’s ability to attract interest from people, which is the most important force being any successful bank. Standard Bank also works hard towards being proactive, bolstering teamwork, raising the bar with doggish persistence and respecting one another. All of the named approaches have helped the bank achieve another core incentive, which is to uphold the highest levels of integrity.

Finally, Standard Bank’s persistence for growth in both an African and international base, has seen the group’s shares rise impressively over the years. They’re innovative and progressive approach has worked wonders.

Standard Bank’s assets cannot be missed. The group boats assets totalling R2 trillion (USD 165 billion), headline earrings of R26 billion (USD 2 billion) and an impressive market capitalisation of R317 Billion (USD 28 Billion). These numbers speak volumes, literally. The bank is enjoying significant success as it continues to work towards brighter horizons.

Standard Bank’s approach when it comes to business dealings have always closely incorporated its shareholders. The bank isn’t sitting still. They are continuing with driving growth incentives, which have been shared generously.

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