For more than 20 years we have helped companies and organisations of all types to connect their brands to the bottom line. Each of our countries is blessed with a great Brand and Marketing team that develops and executes marketing initiatives that drive distinctive connections with clients as we continue to find new ways to make their dreams possible. Standard Bank’s Executive & Head of Environmental and Social Advisory within Investment Banking, Nigel Beck, will be the bank’s lead representative and chair. Mr Beck says that while the world is aware there is a need for change, there is not a meeting of the minds on how this is to be achieved. The appointment, which takes effect on the 1 June 2015, comes at a critical juncture in the integration of environmental and social considerations within business as a component of responsible investing.
- It has done this by constantly aligning its presence in the market place with the evolving needs of the region’s economies, and delivering relevant banking and financial services.
- Shareholders may still be thankful for the tie-up, however, even if the benefits were not those that had originally been expected.
- Together, these initiatives save more lives and leverage the bank’s resources to help communities reach their full potential.
- Troika, which was Russia’s oldest brokerage, acquired Standard Bank’s Russian banking operation, and in addition received cash of $200-million in the form of a ‘convertible loan’.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It set targets for reducing lending to coal, oil and gas as a percentage of its loan book by 2050, and its strategy put it ahead of some local peers. Standard Bank said it wanted to mobilise up to 300 billion rand ($19.9 billion) in sustainable finance – potentially including for transition fuels like gas – by the end of 2026 from a targeted 40 billion rand in 2022.
Standard Bank aims for net zero by 2050, activists press for more
They have different purposes, but both are crucial to ensure you reach your financial goals in the short-, medium- and long-term. Your application will be reviewed shortly and one of our consultants will be in touch. Risk that’s determined by the financial state of your business, and the security that you’re able to offer.
As a client, you need to show them an estimate of your cash flow, the company’s current financial situation, a detailed business plan and the way the loan will be invested. When Standard Bank goes over a loan application to finance a business, they verify information about the company and the owners. We shouldn’t forget the bank lends money waiting to recover it later and to have a profit from the operation. Perhaps, one of Standard Bank’s principal features is the myriad of loans they offer for businesses.