Corporate profile > Subsidiaries > Banking subsidiaries - Other subsidiaries and associated undertakings - Diagrammatic representation of subsidiaries Non-banking subsidiaries Associated undertakings Banking subsidiaries As at 31 December 2008   Nature of operation Nominal share capital issued Rm Effective holding Book value of shares Net indebtedness 2008 % 2007 % 2008 Rm 2007 Rm 2008 Rm 2007 Rm Standard Bank Group will ensure that, except in the case of political risk, and unless specifically excluded by public notice in a country where a subsidiary is domiciled, its banking subsidiaries, and its principal non-banking subsidiaries denoted by #, are able to meet their contractual liabilities. Banking subsidiaries Banco Standard de Investimentos S.A. (Brazil)1 Investment bank 1 366 100 100 CfC Stanbic Bank Limited (Kenya)1 Commercial bank 168 60 Stanbic Bank Botswana Limited (Botswana)1 Commercial bank 31 100 100 Stanbic Bank Congo s.a.r.l. (D R Congo)1 Commercial bank 41 100 100 Stanbic Bank Ghana Limited (Ghana)1 Commercial bank 202 98 98 Stanbic Bank Kenya Limited (Kenya)1 Commercial bank 205 96 Stanbic Bank Tanzania Limited (Tanzania)1 Commercial bank 29 100 100 Stanbic Bank Uganda Limited (Uganda)1 Commercial bank 19 80 80 Stanbic Bank Zambia Limited (Zambia)1 Commercial bank 21 100 100 Stanbic Bank Zimbabwe Limited (Zimbabwe)1 Commercial bank ** 100 100 Stanbic IBTC Bank Plc1 Commercial bank 259 51 50 Standard Bank Argentina S.A.1 Investment bank 1 915 75 77 Standard Bank Asia Limited (Hong Kong)1 Investment bank 642 100 100 Standard Bank Isle of Man Limited (Isle of Man)1 Merchant bank 25 100 100 Standard Bank Jersey Limited (Jersey)1 Merchant bank 105 100 100 Standard Bank Limited (Malawi)1 Commercial bank 13 60 60 Standard Bank Mauritius Limited (Mauritius)1 Commercial bank 227 100 100 Standard Bank Namibia Limited (Namibia) Commercial bank 2 100 100 444 444 50 Standard Bank Plc (United Kingdom)2 Investment bank 3 721 100 100 929 929 Standard Bank s.a.r.l. (Mozambique)1 Commercial bank 54 96 96 Standard Bank Swaziland Limited (Swaziland) Commercial bank 9 65 65 33 33 18 Standard Lesotho Bank Limited (Lesotho) Commercial bank 17 80 80 13 13 Standard Merchant Bank (Asia) Limited (Singapore)1 Investment bank 56 100 100 The Standard Bank of South Africa Limited Commercial bank 60 100 100 22 597 21 097 3 321 ZAO Standard Bank (Russia)1,6 Investment bank 277 100 100 The nominal share capital issued of foreign subsidiaries has been stated in the above table at their rand equivalents at the rates of exchange ruling on the dates of provision of capital. Detailed information is not given in respect of subsidiaries which are not material to the financial position of the group. 1 Held indirectly. 2 Effective holding comprises direct and indirect holdings. 3 Special purpose entity, no shareholding. 4 Delisted from JSE on 1 December 2008. 5 Listed on JSE. 6 In terms of an agreement concluded on 9 March 2009, ZAO Standard Bank (Russia) will be acquired by Troika Dialog and derecognised as a subsidiary of Standard Bank Group as and when regulatory approvals for the transaction are obtained. ** Issued share capital less than R1 million.   Disclaimer | Conditions of access | Privacy and security statement| Site specs | Security centre | Fica