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Standard Bank Group (SBG) is the largest African financial services business by assets, operating in 20 African countries, 4 global financial centres and 2 offshore hubs. SBG offers a comprehensive suite of banking, insurance, and asset management services through our four business units. SBG’s assets stand at R3.1 trillion and we employ 51 000 people.
Standard Bank Group recorded headline earnings of R42.9 billion for the 12 months to 31 December 2023 (FY23), up 27% on the prior year (FY22) and delivered a return on equity of 18.8%. This strong performance is underpinned by the bank’s robust and growing franchise and is reflective of the positive momentum in its businesses.
In a move that bolsters inclusive, digital and holistic solutions in South Africa’s private equity space, Standard Bank Corporate and Investment Banking (CIB) has supported the acquisition of e4 by black fund manager, Infinite Partners. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion.
Since entering into a Business Corporation agreement with Standard Bank in 2012, the partnership with Mizuho Bank has seen many landmark deals and legacy transactions throughout Africa.
The strongest deterrent against FSP compliance missteps is or should be: