Standard Bank Group is the largest African bank by assets and earnings. Our strategy is to build the leading African-focused financial services organisation using all our competitive advantages to the full. We will focus on delivering superior sustainable shareholder value by serving the needs of our customers through first-class, on-the-ground operations in chosen countries in Africa. We will also connect other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. We operate in 20 countries on the African continent, including South Africa, and in countries outside Africa where we can access the pools of capital in developed markets.
Standard Bank has a 151 year history in South Africa and started building a franchise outside southern Africa in the early 1990s. Africa is at our core and we will continue to build first-class on-the-ground banks. The group has more than 1 200 branches on the African continent and representation in key global financial centres.
The group’s nearly 49 000 employees across all regions deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.
Standard Bank Group had total assets of R1 694 billion (about USD162 billion) at 31 December 2013, while its market capitalisation was R209.4 billion (about USD20 billion).
The group’s largest shareholder is Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.
Click here for highlights over the past 150 years.
Offshore centres – the benefits
The wealth of experience and expertise that is offered by the Islands’ financial service providers give an unparalleled welcome to businesses and investors alike. Investing in the offshore centres also provides a range of underlying benefits and some of these include:
- Security and confidentiality offered by the premier offshore jurisdictions
- No exchange control restrictions, allowing capital to be freely moved without formality
- Interest on your savings and investment accounts may be paid gross, without deduction of tax at source (although you may have a liability to tax elsewhere)*. If you reside in the European Union, the European Union Savings Directive will affect the way interest is paid on your account.
- Holding assets offshore may have some tax planning advantages *
- There may be inheritance tax benefits for clients dependent upon domicile
- Sophisticated worldwide communication links facilitating ease of access
Please Contact Me for more information and about how to open a new account.
Standard Bank House
47-49 La Motte Street
Jersey, JE2 4SZ
Tel: +44 (1534) 881188
Fax: +44 (1534) 881199
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International Awards Success – Winning Together
I am pleased to announce that for the fourth consecutive year, Standard Bank Offshore Group has been recognised as providing the ‘Best International Banking Service’ by the annual international Fund and Product Awards organised by leading industry publication, Professional Adviser. In addition, Standard Bank also won the ‘Best International Structured Products Provider’ category for the second year in a row.
Now in their 15th year, the awards recognise the work of international product providers and finance centres who are at the cutting edge of distributing financial products and services internationally. The ‘Best International Banking Service’ is awarded to the bank that the judging panel believes offers the best range of current, deposit and savings products available for expatriates taking into account such things as the range of currencies available and the minimum balance from which an account can be provided.
For ‘Best International Structured Products Provider’ Standard Bank was judged on an international level for its account business growth, product range, support to target market, attitude to risk, product education, product enhancements and involvement at an industry level.
The consistency with which we have won the Best International Banking Service award is testament to the hard work of our team at Standard Bank and their commitment in ensuring we provide the best service to clients. Winning Best International Structured Products Provider for the last two years also proves we are getting our product offering right. This is a great achievement for the Standard Bank Offshore Group and I’m pleased that the hard work of our staff is paying off.
The International Fund and Product Awards are awards that recognise the achievements of the offshore financial services industry and the financial products and services that they distribute through IFA’s internationally.
I would like to take the opportunity to thank you for all for your ongoing contribution to our success.
Standard Bank, Head of IFA Distribution