MEMBER BANKS
Introducing Banking
Association Member
Standard Bank
Q&A
Who owns the bank? Standard Bank is a publicly listed company,
trading on the Johannesburg Stock Exchange and the Namibian
Stock Exchange.
Core business: The Bank is a leading African financial services
group, with its head quarters in Johannesburg. It also operates in
20 other African countries. The Bank’s three main pillars of
business are Personal and Business Banking, Corporate and
Investment Banking, and Wealth Management through Liberty
Holdings Limited.
Target market: Standard Bank provides a full spectrum of banking,
insurance and management services and serves corporate and
individual customers.
Core values or differentiators: The Bank’s key differentiator is
employing people who are passionate in developing the company
as a leading African financial services institution. It also employs
people who are excited about Africa and its prospects. Standard
Bank has a unified, experienced leadership team, that is committed to
executing its strategy. It is committed to contributing to the socioeconomic development of the countries in which it operates, in a
way that is consistent with the nature and size of its operations.
The Bank provides financial services and products responsibly,
bearing in mind the needs of society, its customers, its staff, its
shareholders, the environment and future generations.
Is there a key product or initiative you wish to highlight?
The Bank is backing projects worth R10-billion as part of
South Africa’s third round of the Renewable Energy
Independent Power Producer Procurement Programme. It underwrote
R9.4-billion for wind and solar projects in the first round, and a further
R6.4-billion during the second round. These commitments support
individual projects and companies that are creating renewable
energy assets in South Africa.
International links: The world’s largest bank, the Industrial
and Commercial Bank of China (ICBC), is a 20% shareholder in
the Standard Bank Group. This strategic partnership with ICBC
provides the Bank with exceptional opportunities to capitalise
on the growing business, finance and trade flows between Africa
and China.
Name/s of the CEO and/or Chair: Standard Bank Group is run by
joint chief executives, Sim Tshabalala and Ben Kruger.
CSI at Standard Bank: The Bank believes that education is a critical area
in which the bank can make a positive contribution to economic growth
and job creation in South Africa. Our CSI programmes include bursaries
for disadvantaged students at high school and tertiary level.
JOINT CEO PROFILES
BEN KRUGER
Ben Kruger is the incoming joint group chief executive of
Standard Bank Group (SBG), and an executive director
of SBG and Standard Bank SA (SBSA). He is chairman of
Standard Bank Plc, and a director of Stanbic IBTC Bank and
Stanbic Africa Holdings. Kruger joined the group in 1985.
SIM TSHABALALA
Sim Tshabalala is the incoming joint group chief executive
of SBG, current chief executive of SBSA, an executive
director of SBG and SBSA, a director of Tutuwa Community
Holdings and the chairman of The Banking Association
South Africa. Tshabalala joined the group in 2000.
FOR FURTHER INFORMATION,
CONTACT STANDARD BANK ON
Tel: +27 11 636 9111 or visit www.standardbank.co.za,
Standard Bank Head Office: 5 Simmonds Street,
Johannesburg, 2001
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