Standard Bank is one of the biggest financial institutions in Africa which operates in 32 countries across the world including 20 countries on the African continent.
Apart from Africa the bank focuses on selected emerging markets where it aims to connect the markets to Africa and each other by applying its sectoral expertise, especially in natural resources. It focuses on delivering shareholder value by serving the customers through superior service operations both in Africa and abroad.
It is thereby able to differentiate from its competitors by hiring people who are passionate about its business strategy. The three business units which serve as a pillar to its business are - Personal & Business Banking, Corporate & Investment Banking, and Wealth - Liberty. It has 1221 branches and 8815 ATMs in the African continent and employs more than 54 000 people across all geographies.
Recently in 2015, Standard Bank Group received 22 awards in the EMEA Finance’s Treasury Services Awards and Global Finance's World's Best Bank Awards at the Sibos conference in Singapore. Global Finance Magazine awarded Standard Bank with accolades across several categories like trade finance, cash management, short-term investments/money market funds and sub-custody. These awards were adjudicated against specific criteria such as volume, market share and customer service. It was chosen by the Global Finance editorial team along with input from expert sources.
Standard bank group is listed on the JSE Limited and the Namibian Stock Exchange. As of now Standard Bank's market capitalization at USD14.4 billion. It has assets worth USD 127.7 billion and last year’s reported profits as USD 1.9 billion. Providing financial solutions ranging from corporate to investment banking services addresses the needs of the participants involved in the value chain and is a key to Standard’s success in Africa and worldwide.
Sales (in bn $): 15.4
Profits (in bn$): 1.9
Assets (in bn $): 127.7
Step 1: Top 13 companies were shortlisted based on their revenues, profits, assets and market valuation
Step 2: 3 parameters i.e. Revenues, Profits and Assets were used to arrive at the final scores