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An outstanding continent deserves an outstanding bank
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An outstanding continent deserves an outstanding b...

Africa is developing the skills, technology and legislation to leverage its vast potential, as well as handle domestic and macro-economic disruptions. The innovation that characterises Africa’s rise is echoed in the growth of its financial services industry – the continent’s transformation engine. Within this industry, Standard Bank stands as proxy for the innovation and energy that is driving Africa’s growth. 

 

For these reasons, the spotlight was again focused on us at this year’s Banker Awards for Banking Excellence. In addition to winning Bank of the Year in six African countries, we were also awarded the most prestigious regional accolade, Bank of the Year - Africa for 2016.

 

So, what is the strategy that has made us the leading bank in the world’s second-fastest growing region? Essentially, we drive Africa’s growth according to various strategic pillars:

 

  • Financial inclusion

Our funding of Busamed’s - South Africa’s first black-owned private hospital group - debt-free acquisition of two of the country’s flagship private medical facilities demonstrates the possibilities of achieving inclusive growth on the continent.  

 

  • Delivering the digital bank

Our SHYFT app allows foreign-currency trading on personal mobile devices, revolutionising how Africans trade with each other, import goods and interact globally.

 

  • Connecting markets

Our funding of Liquid Telecoms’ purchase of South Africa’s Neotel completed Africa’s first privately owned fibre network stretching from Uganda to the Cape, connecting Africa’s fastest-growing markets in a communication revolution.

 

  • Revitalising sectors

To revitalise Ethiopia’s energy-distribution sector and sustain its high growth, we arranged contractor funding for the refurbishment and expansion of the country’s national electricity supplier, EEP.

 

  • Integrating innovation

Our digital innovations provide one of the most integrated digital banking platforms on earth. We offer: International Trade & Payment Systems (TAPS) to process international payments and trade transactions; eMarket Trader, a customisable online trading platform; Business Online (BOL), a corporate online banking system; Mobile Banking App; Kidz banking; and BankerChat on WeChat.

 

  • Social, economic, environmental contributions

In addition to various continent-wide development programmes, we support the Ikusasa Student Financial Aid Programme (ISFAP). Together with the private sector and government, we aim to find a permanent solution to South Africa’s higher education crisis, while developing the skills relevant to Africa’s dynamic technology environments.

 

Many of the countries in which we won Best Banker awards experienced challenges in 2016. However, we were able to deliver – and even excel – through difficult cycles, attesting to the relevance of our strategy that places Africa’s growth at its heart.

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3 Comments
Proud to be a Standard Banker
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I'm very proud to be part of this Bank

Sanjev Jhagroo
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Hello All, the new vetting process for telephonic callers is absolutely useless and frustating. You are asked ridiculous questions eg do you have an account with X company? or Is your RCA  older than 20 yrs 2 months or not? what is you credit card balance?

When requesting to speak to a Supervisor, I was put on hold for over 20 minutes while the operator kept on checking the line every few minutes and putting me back on hold!

not great service Standard Bank! After more than 40 years with mortage, car loans etc; I have had enough. Any one knows which is a better alternative?

 

Not a proud customer....

Sanjev Jhagroo

Sanjev Jhagroo
N/A

Not Me! Useless service and stupid systems. I feel for the employees as well as the customers for the stupid verification process.

Call me Standard bank..

Sanjev Jhagroo