Standard Bank South Africa is the largest operating entity of Standard Bank Group, Africa’s largest bank by assets. Standard Bank Group reported total assets of R1,95 trillion at 31 December 2016, while its market capitalisation was R246 billion . Standard Bank Swaziland Limited is an international bank and a member of the Standard Bank Group of South Africa, which, through its Stanbic Africa Division, owns banks in 14 other African countries apart from South Africa. It began its local operation in 1988 and has a network of 13 branches and 16 ATMs at strategic points.
- In an increasingly globalised world, new opportunities often take you beyond your home market.
- Secure payment for goods being manufactured or imported, and start your main finance plan on collection.
- Now I have no such fears since I can pull it all alone,” says Itibi.
Standard Bank has placed its effort on improving the application time to get credits for business, as they perfectly understand time is money when leading a company. All the same, you shouldn’t forget you must be cautious about it, as with any loan. Standard Bank wants to help you avoid having an economic crisis when, for instance, waiting for a creditor to pay. So, do your best to use this benefit wisely to manage your business accounts and take your company to a better financial status. I will make clear, though, requirements to meet are still important and key to be approved for a business loan at Standard Bank, so don’t forget to give them a look. Also, it will be useful for you to know beforehand if your chances of getting financial assistance form Standard Bank are high or low.
The A-List: Africa & The Middle East
“Sustainability-linked debt instruments do not require proceeds to be ringfenced to specific green or social projects. Rather, they can be used for general corporate expenditure and funding terms are directly linked to the achievement of predetermined SPTs. Given this greater flexibility, the sustainability-linked category of funding instruments is expected to see significant growth in the coming years,” says Cook. Standard Bank Group is the largest African bank by assets with a unique footprint across 20 African countries.
Our clients think of us as a ‘safe’ bank, and we take the role of custodianship extremely seriously, including the systems and processes we implement to safeguard our clients from increasingly sophisticated fraudulent threats. EP III is already in force and became mandatory for all new transactions from 1 January 2014. Mr Beck says Standard Bank will continue to focus on EP III implementation in conjunction with our clients across the continent. EP III extends the scope of the Principles beyond pure project finance and advisory, to project related corporate loans and bridge loans with the inclusion of additional focus on aspects such as greenhouse gas emissions at a project level. Standard Bank said on Wednesday that about 10,000 small and medium enterprises across SA have benefited from its digital pay-as-you earn loan facility since its launch in July 2019. O The loan can be used to purchase intermediate assets that do not fall within normal asset finance, for example, small equipment etc.
Insight by Sector
The International Trade Centre, supported by Treasury, is the hub of all international activity and communications, thus concentrating expertise into one area. They offer advice on related services, including interest rates, international transfers, foreign exchange, letters of credit and documentary bills. Treasury also has access to derivative instruments and products via Stanbic’s offices worldwide, and has the advantage of close links with the other banks in Africa which are under the Stanbic umbrella. If your business needs a more formal short term finance option, the bank offers loans at competitive interest rates.