Powered by the distributed platform from Marco Polo Network and R3’s Corda blockchain technology, the Marco Polo Network provides a more rapid and secure way to access working capital and efficient solution to provide trade finance. It brings to the market an integrated solution to overcome critical trade finance challenges including lack of connectivity, time-consuming processes and high onboarding costs. All this might make ICBC seem more sugar daddy than strategic partner. Yet the top brass at Standard Bank insist the deal marks a genuine deepening of ties. Standard Bank retains a stake so it can give its corporate customers access to the things the division trades, especially foreign exchange. But as majority owner ICBC will have a strong incentive to steer some of its 4.6m corporate customers to its London outpost.
- That’s why we’ve been supporting diverse start-up investment managers for over 20 years.
- It has strong offerings in mining and metals; oil, gas and renewables; power and infrastructure; agribusiness; telecommunications and media; and financial institutions.
- Any entrepreneur having the experience of successfully managing the business for at least two years may apply for the loan.
- Short or medium terms finance to acquire vehicles and other movable assets, such as agricultural or earthmoving equipment, industrial plant and machinery, mining equipment and commercial fleets.
- Standard Bank, Africa’s largest banking group in terms of market capitalization, first entered into a partnership with the Global Fund in 2008.
A short to medium term unsecured loan for when you need extra funds. Loans can be repaid in instalments paid over a period of between two and seven years, with no maximum loan amount. Standard Bank Namibia is able to help to cover any of your business’s financial needs. Whether you are expanding into new territories, acquiring assets, or simply need additional operating capital, our consultants are waiting for your call to offer you a suitable loan. We offer world-class investments and investment management services you can rely on to protect and grow your excess business profits.
Africa’s Biggest Lender Looking to Bolster Business Banking Unit
Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent’s previous name. For the British overseas bank, now part of Standard Chartered, see Standard Bank . Melville Douglas is the boutique investment management arm within the Standard Bank Group. Since 1983, Melville Douglas has been delivering superior performance managing investments on behalf of a wid…
“Gone are the days when crippling fixed monthly loan repayments were expected from us even when our income was inconsistent or unpredictable,” says Standard Bank. According to McKinsey, the lifeblood of South Africa’s economy is SMEs that make up over 98% of businesses across the country and contribute 39% of the country’s GDP. This acquisition will enable TymeBank to expand its offering to entrepreneurs to include working capital finance.