Standard Bank of South Africa
Standard Bank Group
Historical overview
SBSA 605841
Hoisting the Standard
Standard Bank aspires to be a leading emerging markets financial service provider with excellent service and solutions for its customers while also visibly achieving social relevance. Based in Johannesburg, South Africa, the bank has strategic representation in 17 sub-Saharan countries and also in 16 countries on other continents with an emerging market focus.
Standard Bank vision
We aspire to be a leading emerging markets financial services organisation.
Standard Bank strategy
To build a leading emerging markets financial services organisation using all our competitive advantages to the full. We focus on delivering superior sustainable shareholder value by serving the needs of our customers and where appropriate connecting them globally. The key differentiator in achieving our strategy is our people.
Standard Bank Heritage Centre
Hoisting the Standard
In the 1850s South Africa’s Cape Colony flourished and numerous small town banks which had come into existence since 1837 were doing well, paying dividends of 12% to 20%. The staple export was wool and Port Elizabeth, the major port, was experiencing economic prosperity as never before. In June 1857 a group of businessmen attempted to establish the Standard Bank of Port Elizabeth. Nothing came of the venture, presumably because investors were wary of two existing banks in Port Elizabeth. Still the dream persisted and John Paterson, the man behind the idea, sailed to England to encourage British investors to support the scheme. Paterson's efforts were successful and in April 1860 a prospectus for The Standard Bank of British South Africa was published in London. Two years after the appearance of its prospectus, The Standard Bank of British South Africa, Limited was established. On 13 October 1862 the Memorandum of Association was signed and on 15 October the bank was incorporated and registered as a limited liability
Historical overview
SBSA 605841
Hoisting the Standard
Standard Bank aspires to be a leading emerging markets financial service provider with excellent service and solutions for its customers while also visibly achieving social relevance. Based in Johannesburg, South Africa, the bank has strategic representation in 17 sub-Saharan countries and also in 16 countries on other continents with an emerging market focus.
Standard Bank vision
We aspire to be a leading emerging markets financial services organisation.
Standard Bank strategy
To build a leading emerging markets financial services organisation using all our competitive advantages to the full. We focus on delivering superior sustainable shareholder value by serving the needs of our customers and where appropriate connecting them globally. The key differentiator in achieving our strategy is our people.
Standard Bank Heritage Centre
Hoisting the Standard
In the 1850s South Africa’s Cape Colony flourished and numerous small town banks which had come into existence since 1837 were doing well, paying dividends of 12% to 20%. The staple export was wool and Port Elizabeth, the major port, was experiencing economic prosperity as never before. In June 1857 a group of businessmen attempted to establish the Standard Bank of Port Elizabeth. Nothing came of the venture, presumably because investors were wary of two existing banks in Port Elizabeth. Still the dream persisted and John Paterson, the man behind the idea, sailed to England to encourage British investors to support the scheme. Paterson's efforts were successful and in April 1860 a prospectus for The Standard Bank of British South Africa was published in London. Two years after the appearance of its prospectus, The Standard Bank of British South Africa, Limited was established. On 13 October 1862 the Memorandum of Association was signed and on 15 October the bank was incorporated and registered as a limited liability