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About Standard Bank |
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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 markets focus. Standard Bank has 673 branches in South Africa and 337 in the rest of Africa.
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 assets and earnings. The group had total assets of over R1 333 billion (approximately $172 billion) at 30 June 2009 and employed more than 50 000 (including Liberty) people worldwide. Standard Bank's market capitalisation at 30 June 2009 was R138 billion (approximately $18 billion).
The bank's long-term ratings are: Moody's A3, Standard & Poor's BBBpi, Fitch Ratings BBB+. The South African sovereign ratings are: Moody's A3, Standard & Poor's BBB+, Fitch Ratings BBB+.
Standard Bank's equity is widely spread. At 30 June 2009, Industrial and Commercial Bank of China (ICBC) held 20,1% followed by The Public Investment Corporation holding 12,1% and Dodge & Cox 4,4% of the group's shares in issue.
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