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Transactional Products and Services for the Bank Sector
Standard Bank in brief 153 Years of experience in Africa
20 Number of countries Standard Bank operates in
USD 165 billion Total assets 31 December 2014 in sub-Saharan Africa
ZAR 17 billion (USD 1.6 billion) Headline earnings for 2013
Over 49 000 Number of employees
Over 1 200 Branches across Africa
8 623 ATMs in Africa
20% ICBC shareholding
Africa is our home, we drive her growth
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Connect with the largest banking group in Africa
Proudly African with true global capabilities, Standard Bank is the
ideal banking partner for international corporate and financial
institutions looking to succeed in Africa.
Our expertise and insight are rooted in the African experience,
with operations in 20 countries across the continent.
Through this global footprint we have become an established
leader in the complex emerging market financial services arena.
Presence in pools of capital in deveoped markets
Presence in selected emerging markets
Connecting Africa and the world
Headquartered in Johannesburg, the financial heart of Africa,
Standard Bank has been a mainstay of South Africa’s banking
system since 1862.
In addition to our corporate and institutional offering, we also
offer personal and business banking, corporate and investment
banking, investment management and life insurance services.
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Standard Bank Group financial highlights
Headline earnings (ZAR million)CAGR1 (2007 – 2013):5%
1Compound annual growth rate.
Headline earnings by business unit
Transactional Products and Services for the Bank Sector
9
Headline earnings
Headline earnings (Rm) CAGR (2009 – 2014): 8%
20 000
16 000
12 000
8 000
4 000
11 718 11 283 13 599 14 918 17 194 17 323
2009 2010 2011 2012 2013 2014
Reconciliation of profit for the year to headline earnings
2014 2013
Gross Tax1
NCI and prefs2 Net Gross Tax1
NCI and prefs2 Net
Rm Rm Rm Rm Rm Rm Rm Rm
Profit for the year – banking activities 24 238 (6 093) (2 212) 15 933 20 380 (4 625) (1 494) 14 261
Headline adjustable items – banking activities (deducted)/added (671) (124) 27 (768) 800 (88) 10 722
Loss/(profit) on sale of property and equipment – IAS 16 16 (17) 15 14 (4) 2 (2)
Realised foreign currency profit on foreign operations – IAS 21 (1 203) (1 203)
Disposal profit and reversal of impairment of associate – IAS 27/IAS 36 (53) (53)
Profit on disposal of subsidiaries – IAS 27 (9) (9) (91) (91)
Impairment of intangible assets – IAS 36 450 (106) 344 308 (86) 222
Goodwill impairment – IAS 36 4 4Realised gains on available-for-sale
assets – IAS 39 (29) (1) 12 (18) (16) (4) 10 (10)Impairment of non-current assets
held for sale – IFRS 5 153 153 603 603
Headline earnings – banking activities 23 567 (6 217) (2 185) 15 165 21 180 (4 713) (1 484) 14 983
Headline earnings – Liberty 6 262 (1 926) (2 178) 2 158 7 582 (2 968) (2 403) 2 211
Standard Bank Group headline earnings 29 829 (8 143) (4 363) 17 323 28 762 (7 681) (3 887) 17 194
1 Excluding indirect taxes and including direct taxes attributable to the global markets outside Africa discontinued operation.2 Non-controlling interests and preference shareholders.
6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014
Group results in brief
Headline earnings by business unit
Change 2014 2013% Rm Rm
Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82
Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211
Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)
Standard Bank Group 1 17 323 17 194
Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9 834 million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105 million from a loss of R366 million in 2013.
Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.
Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing. Credit impairments and the credit loss ratio were flat relative to 2013.
Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165 million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.
Card product headline earnings grew by 15% to R1 420 million. Income growth of 16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.
Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly
Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.
Bancassurance and wealth delivered headline earnings of R2 030 million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.
Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.
Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.
Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.
Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted
6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014
Group results in brief
Headline earnings by business unit
Change 2014 2013% Rm Rm
Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82
Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211
Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)
Standard Bank Group 1 17 323 17 194
Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9 834 million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105 million from a loss of R366 million in 2013.
Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.
Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing. Credit impairments and the credit loss ratio were flat relative to 2013.
Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165 million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.
Card product headline earnings grew by 15% to R1 420 million. Income growth of 16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.
Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly
Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.
Bancassurance and wealth delivered headline earnings of R2 030 million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.
Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.
Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.
Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.
Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted
6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014
Group results in brief
Headline earnings by business unit
Change 2014 2013% Rm Rm
Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82
Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211
Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)
Standard Bank Group 1 17 323 17 194
Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9 834 million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105 million from a loss of R366 million in 2013.
Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.
Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing. Credit impairments and the credit loss ratio were flat relative to 2013.
Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165 million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.
Card product headline earnings grew by 15% to R1 420 million. Income growth of 16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.
Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly
Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.
Bancassurance and wealth delivered headline earnings of R2 030 million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.
Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.
Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.
Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.
Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted
Overview of business unit performance
Headline earnings (contribution by business unit)
Personal and Business Banking
Corporate and Investment Banking
Liberty
Central and Others
Financial strength
• Standard Bank Group’s growth strategy is underpinned by
solid balance sheet strength.
• Customer and bank deposits continued to provide dominant
source of funding.
835
C64 M18 Y100 K3
Income contribution (%)
100
80
60
40
20
2009 2010 2011 2012 2013 2014
11 718 11 283 13 599 14 918 – –
Net interest income 37 38 39 37 44 46
Trading income aspercentage of non-interest revenue 60.2 58.7 57.1 56.4 56.2 55.3
Trading revenue 39 36 34 36 31 30
Fees and other revenue 24 26 27 27 25 24
Favourable › Increased contribution from the rest of Africa across all core products.
› Net interest income benefited from improved margins, increased deposits from customers, growth in the core lending book and the positive endowment impact of higher average interest rates.
› Strong FIC trading performance in South Africa and the rest of Africa.
› Higher arrangement, structuring and advisory fees attributable to large transactions in South Africa.
› Profit earned on the disposal of real estate investments.
› Reduced specific credit impairments in investment banking and transactional products and services.
Adverse › Higher operational costs to support IT infrastructure for future growth, capability build in the rest of Africa and increased regulatory and compliance costs across all regions.
› Loss from the global markets outside Africa discontinued operation due to challenging trading conditions, costs incurred to separate global markets outside Africa in preparation for disposal and the recognition of a fraud-related valuation adjustment loss for aluminium reverse repos.
› Non-recurrence of:
› realised fair value gain on contingent interest in Troika
› release of an equity trading provision following the successful legal resolution of a counterparty dispute.
Points of representation
Total branches and service centres rest of Africa
Change % 2014 2013
Angola 0 26 26
Botswana 0 11 11
DRC 0 5 5
Ghana 30 35 27
Kenya 4 24 23
Lesotho 0 17 17
Malawi 0 25 25
Mauritius 0 1 1
Mozambique 0 42 42
Namibia 0 47 47
Nigeria 0 179 179
South Sudan 0 1 1
Swaziland 0 10 10
Tanzania (9) 10 11
Uganda 3 94 91
Zambia 0 22 22
Zimbabwe 0 19 19
Total branches and service centres rest of Africa ? 568 528
12%
29%
57%
2%
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Transactional Products and Services for the Bank Sector
Corporate and Investment Banking – leading global financial connectivity in Africa
Our Corporate and Investment Banking division (CIB) offers
a wide range of banking, finance, trade, investment, risk
management and advisory services, with a specific focus on
industry sectors that are most relevant to emerging markets.
CIB has led Standard Bank’s international expansion in 20
countries across the continent and around the globe, creating
a client focused business model that supports a seamless client
service and multi product offering.
There is a need for sophisticated, targeted financial solutions in
high-growth markets. Our specialist transactional banking teams
are well versed in using best-of-breed technology to customise
innovative products to suit the exact requirements of corporate
and institutional clients.
The result is a client-centric approach that leads to highly
personalised service.
Our global presence and firm commitment to doing business with
financial institutions drives the coordination and execution of
financing and banking requirements within and across continents.
Transactional products and service solutions for global financial institutions in Africa
As a leading bank in Africa, Standard Bank understands your
need to manage the risks inherent in your trade, treasury and
cash management activities across multiple jurisdictions. We are
uniquely placed to provide you with transactional solutions in our
presence countries.
We provide you with the expert advice required to manage the
complexities, regulations and risks of managing your transactions
across Africa.
As a leading financial services group, Standard Bank follows
worldwide compliance and screening protocols. We have extensive
access to capital and funding, and we are one of the African banks
with direct Continuous Link Settlement (CLS) membership for the
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participating currencies as well as the South African rand (ZAR).
We are highly skilled and experienced in CLS and hold sufficient
liquidity to support our clients requirements in ZAR CLS. With
our wide network of correspondent banking relationships,
relationship-managed accounts and key strategic partnerships,
we provide solutions that meet the full range of your needs.
In choosing us as your partner, you receive dependable and
efficient service that is scalable and based on sound experience
and regional expertise. With an on-the-ground presence in 20
countries across Africa, we assist you to transact with ease across
a variety of local regulations and conditions. As a pan-Africa bank
and a committed player in the field of correspondent banking,
Standard Bank is focused on connecting the world and Africa
through our trusted and dependable cash, trade and securities
services in the region.
Cash management that supports your bank in Africa
Standard Bank has a long history of providing tailored, end-to-
end cash management services to corporate and institutional
clients, including a range of payment solutions. We work closely
with our global financial institutions clients as a trusted partner
to facilitate transactions that arise out of the combined trade
flows, investment flows and aid-related cash transfers between
Africa and the rest of the world. With a niche focus on financial
institutions and correspondent banking requirements, Standard
Bank has built a client base of global financial institutions that
represent a major share of cash payments flows.
Services are delivered by our highly skilled bank sector/financial
institutions team with sales specialists, a dedicated coverage
group, a centralised client service team, a centralised processing
team and fully functional dual-sited technology. This model
is replicated in other presence countries across the African
continent to ensure you receive consistent service excellence.
Our comprehensive solutions include a range of cash clearing (or
Nostro account) services, for all the domestic currencies in our
presence markets, including currency accounts denominated in
various tradable currencies such as the Chinese renminbi (RMB).
You can choose our centralised offering or direct in-country
offering, with our re-routing capability across the continent
providing direct access to various niche markets without the
need for numerous clearing accounts.
We offer a number of account and liquidity management
services to ensure end-to-end management of your cash across
Africa and have access to the local clearing environments in
presence countries.
It is this unparalleled African value proposition that drives our
strategy to connect Africa with the rest of the world. It gives
greater realisation to our vision to be the preferred regional
provider of cash management products and services in Africa.
Trade finance in, for and across Africa
As a trusted and dependable partner in Africa, we pride
ourselves on the global relationships that we maintain and our
large market for trade finance across Africa. Our teams have the
skills required to develop trade solutions that suit your specific
business needs.
With on-the-ground presence in key countries in Africa,
we provide you with unique insight into the benefits and
risks associated with transacting across the continent.
Our extensive footprint and networks assist with international
transactions into Africa and facilitate trade flows originating
on the continent.
We are trusted partners in facilitating our global correspondents’
trade flows. You can rely on our expertise, skills and knowledge
of the markets where we are present. Our centralised and
dedicated teams work to support your business by improving
efficiencies and managing risk.
Our major African transactional focus is on trade transactions and
trade instruments. As the African bank of choice in these areas,
we partner with correspondents already active on the continent
or offer assistance to new entrants to the market.
Transactional Products and Services for the Bank Sector
12
In using Standard Bank’s trade services, you have access to:
• a specialist African team with strong bank sector expertise
and experience in trade and country risk
• extensive trade lines with various African and global
financial institutions to support trade flows between Africa
and the rest of the world
• the capability of an African bank with a client base of
2 560 global banks, including 350 in Africa
• the preferred supplier for transactional support across a
South African and African network
• our particular strength in commodities, telecommunications,
food and resources, manufactured goods and capital goods
imports into Africa
• a comprehensive range of solutions across key categories of
trade business, including:
- vanilla trade
- documentary credits
- structured trade solutions for banks
- guarantees
- risk mitigation and distribution.
Investor Services – A regional custody network for Africa
Through Standard Bank’s on the ground banking presence in
sub-Saharan Africa, we provide custody and asset servicing
solutions across 14 markets.
In response to client demand and in keeping with our strategic
focus, Standard Bank has developed a regional custody network
to support global financial institutions who wish to invest in
multiple markets across the region
Standard Bank’s regional custody network offering provides
comprehensive custody, settlement and corporate action
services across 14 markets. Access is provided through a single
contract with The Standard Bank of South Africa, supported by a
centralised client relationship model using a shared technology
platform across markets.
A flexible operating model allows clients to choose how they
want to be serviced. Clients can elect to be serviced directly
in country or opt for a more centralised operating relationship
out of Johannesburg with dedicated market specialists in each
country. We are fully ISO15022 compliant, supporting a broad
range of securities and cash SWIFT reporting messages.
Our strength lies in our depth of product offering, integrated
systems platform and breadth of market coverage, and our on-
the-ground expertise and market specialisation enables us to
deliver quality information in a timely fashion to the world’s top
financial institutions in this rapidly developing region.
Standard Bank Investor Services market coverage currently includes:
South Africa, Botswana, Ghana, Kenya, Malawi, Mozambique,
Namibia, Nigeria, *Rwanda, Swaziland, Tanzania, Uganda,
Zambia and Zimbabwe.
The Investor Services product range includes:
• Domestic and regional custody
• Global custody
• Trustee services
• Investment administration
• Securities lending
• Derivatives clearing
• Issuer services
• Transition Management
• Cash management solutions
*Service in Rwanda delivered through a third party agent
Contact us for information on expert transactional products and services in, for and across Africa.
For further information on any of our products and services,
contact: Email: banksector@standardbank.co.za
Standard Bank Group Awards and Rankings 2014 – 2015
Banker Africa • Best Regional Bank, Southern Africa
• Best Investment Bank, Southern Africa
emeafinance Achievement Awards
Loans winners • Best syndicated loan house in Africa: Standard Bank
• Best syndicated loan in EMEA: INT/IHS’s US$800mn loan
• Best syndicated loan in Africa: First Quantum Minerals’ US$3bn loan
• Best supranational syndicated loan: Africa Finance Corporation’s US$300mn loan
• Best financial institution syndicated loan: Standard Bank’s US$700mn loan
M&A winners • Best cross-border M&A deal: Woolworths buys David Jones
13
Transactional Products and Services for the Bank Sector
14
Equity capital markets winners • Best equity house in Africa: Standard Bank
• Best IPO in Africa: Seplat
• Best follow-on funding in EMEA: Woolworths’ ZAR9.98bn offering
• Best follow-on funding in Africa: Diamond Bank’s NGN50.37bn offering
Private equity winners • Best private equity exit: Actis exits Umeme
Debt capital markets winners • Best sovereign bond in EMEA: Kenya’s US$2bn issuance
• Best supranational borrower: African Development Bank
Structured Finance • Best structured finance deal in EMEA: Oando Energy Resources’ ConocoPhillips Nigeria acquisition financing
emeafinance
African Banking 2014
• Best Investment Bank in Africa• Best Investment Bank in Angola
(Standard Bank de Angola)• Best Investment Bank in Botswana
(Stanbic Bank Botswana)• Best Investment Bank in Kenya
(CFC Stanbic Bank Kenya)• Best Investment Bank in Mozambique
(Standard Bank Mozambique)• Best Bank in Namibia (Standard Bank
Namibia)• Best Broker in Nigeria (Stanbic IBTC
Stockbrokers)• Best Investment Bank in Rwanda• Best Bank in South Africa• Best Investment Bank in South Africa• Best Broker in South Africa (Standard
Online Stock Trading/SBG Securities)• Best Investment Bank in Tanzania
(Stanbic Bank Tanzania)• Best Foreign Bank in Uganda (Stanbic
Bank Uganda)• Best Investment Bank in Uganda
(Stanbic Bank Uganda)
15
Transactional Products and Services for the Bank Sector
emeafinance
Treasury Service 2014
• Best Treasury Services in Africa• Best Transactional Bank for Financial Institutions
in Africa
emeafinance Project
Finance 2014
• Best project finance house in Africa• Best power deal in EMEA: Kpone IPP in Ghana• Best project finance deal in Africa: Kpone IPP
in Ghana• Best power deal in Africa: Gigawatt gas-fired
power plant in Mozambique • Best sustainability deal in Africa: Lake Turkana
wind farm project• Best water deal in Africa: Rehabilitation of
Luachimo hydroelectric power project in South Africa
• Best social responsibility deal in Africa: Longlake private hospital in South Africa
Euromoney
Awards of Excellence 2014
• Best Investment Bank in Nigeria: Stanbic IBTC
Euromoney’s Real Estate
Survey 2014 – ranked 1st
• Best Bank Overall in Africa
• Best Bank Overall in Nigeria and South Africa
• Best Loan Finance Bank in Africa
• Best Equity Finance Bank in Africa
• Best M&A Advisory Bank in Africa
• Best Loan Finance Bank in Nigeria (Stanbic IBTC)
• Best Equity Finance Bank in Nigeria
(Stanbic IBTC)
• Best Loan Finance Bank in South Africa
Global Finance World’s
Best Emerging Markets
Banks 2015
• Best Bank in Africa
• Best Bank in the Angola
Global Finance World’s
Best FX Providers 2014
• Best FX Provider in Africa • Country awards for Best FX Provider in Kenya,
Nigeria (Stanbic IBTC), Botswana, Zambia and South Africa
Global Finance World’s
Best Investment Banks 2014
• Best in Frontier Markets (Global)• Best Investment Bank in Africa
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Global Finance World’s
Best Trade Finance Banks 2014
• Best Trade Finance Bank in Angola and South Africa
Global Finance World’s Best Treasury and Cash Management Providers 2015
• Best Overall Bank for Cash Management in Africa
• Best Bank for Short-Term Investment/Money Markets in Africa
• Best Treasury & Cash Management Provider in South Africa
Global Finance World’s Best Sub-Custodian Banks 2014/2015
• Best Sub-Custodian Bank in Africa• Best Sub-Custodian Bank in
Mozambique• Best Sub-Custodian Bank in Namibia• Best Sub-Custodian Bank in Nigeria
Global Investor 2014 • Ranked 1st for sub-custody in Kenya• Ranked 1st for sub-custody in Namibia• Ranked 1st for sub-custody in Nigeria• Ranked 1st for sub-custody in
South Africa• Ranked 1st for sub-custody in Swaziland• Ranked 1st for sub-custody in Zimbabwe
GTR Leaders in Trade 2014 • Best Trade Finance Bank in Sub-Saharan Africa
PFI Awards 2014 • Best Bank in Middle East and Africa • African Renewables Deal of the Year –
Lake Turkana• African Power Deal of the Year -
CenPower
Risk Awards 2014 • Global Emerging Markets Dealer of the Year
Sunday Times/TNS
Top Brands survey 2014
• Ranked 1st in the consumer banking category in South Africa
17
The Banker
Deals of the Year for Africa 2015
• Africa – Islamic Finance: South Africa $500m Sovereign Sukuk
• Africa – M&A: Woolworths’ acquisition of David Jones
• Africa – High Yield and Leveraged Finance: Metair’s R1.2bn in Pref shares and R750m senior revolving credit facility
• Africa – Infrastructure and Project Finance : Funding for $623m Lake Turkana wind farm
• Africa – Securitisation and Structured Finance: $800m Facility for INT Towers Ltd
The Banker Investment Banking
Awards 2014
• Most Innovative Investment Bank from Africa
BATSETA Council of
Retirement Funds for
South Africa
• Custodian of the year 2015
18
Authorised financial services and registered credit provider (NCRCP15)The Standard Bank of South Africa Limited (Registered Bank) Reg. No. 1962/000738/06 SBSA 181206-7/14
Disclaimer This document has been prepared solely for information purposes by The Standard Bank of South Africa Limited, acting through its Corporate and Investment Bank Division (“SBSA”). Any indicative terms provided to you are provided for your information and do not constitute an offer, a solicitation of an offer, invitation to acquire any security or to enter into any agreement, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise). Any information, indicative price quotations, disclosure materials or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by us or that have been expressly specified by you and do not constitute advice by us and it should not be relied upon as such. The information, assumptions and parameters used are not the only ones that might reasonably have been selected and therefore no guarantee is given as to the accuracy, completeness, or reasonableness of any such information, quotations, disclosure or analyses. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. This document is not an official confirmation of terms, and any transaction that may be concluded pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties. The information in the document is also subject to change without notice. SBSA, or an associated company, may have effected or may effect transactions for its own account in any investment outlined in the document or any investment related to such an investment. Prospective investors should obtain independent advice in respect of any product detailed in this document, as SBSA provides no investment, tax or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Transactions described in this material may give rise to substantial risk and are not suitable for all investors. SBSA will only provide investment advice if specifically agreed to by SBSA in appropriate documentation, signed by SBSA. This information is to be used at your own risks, and SBSA makes no representation with regards to the correctness of the information herein.
Contact us
For more information on these products and services
contact our Bank Sector team:
banksector@standardbank.co.za
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