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In 1995, the bank acquired the operations of the Meridien BIAO Bank and renamed it Stanbic Bank Tanzania Limited. In September 2012, Stanbic Bank Tanzania secured financing worth $3 billion for Mchuchuma Iron Ore and Liganga Coal mining project in the Ludewa district of the newly created region of Njombe in southwestern Tanzania. In February 2014, Standard Bank Group is expected to open a representative office in Abidjan, Ivory Coast, marking the entry of the banking conglomerate into Francophone West Africa. Ivory Coast becomes the 19th African country where Standard Bank maintains a subsidiary. In 1992 the bank acquired the … Read more

It’s one of the largest banks in Namibia and operates from more than 50 branches. So there was a familiar ring to the announcement on January 29th that ICBC would buy a 60% share of Standard Bank PLC, a London-based entity that trades currencies, commodities, stocks and bonds. Its parent in South Africa had found it hard to make the operation profitable.

• By 2010 that had changed, to the extent that Standard Bank was rated by Finweek’s review of SA bank charges as having amongst the highest bank charges in the country.
• Although BizFlex is currently only available to qualifying