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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 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 assets and earnings. The group had total assets of over R1 345 billion (approximately $182 billion) at 31 December 2009 and employed more than 50 000 (including Liberty) people worldwide. Standard Bank's market capitalisation at 31 December 2009 was R159 billion (approximately $22 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 31 December 2009, Industrial and Commercial Bank of China (ICBC) held 20,1% followed by The Public Investment Corporation holding 12,2%.
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