Parent Company: Standard Bank Group, Limited (UK)
Brand Value: $4,788 Mil.
Headquarter City: Johannesburg
Year Formed: 1862
Standard Bank, the largest of South Africa’s “Big Four” banks, operates in over 20 African countries and other markets around the world, employing over 34,000 people. Formed in the 1860s in Port Elizabeth to finance the development of the Kimberley diamond fields, the bank expanded into Johannesburg in the 1880s when gold was discovered on the Witwatersrand gold fields. In 1970 Standard Bank listed on the Johannesburg Stock Exchange, and today Standard Bank is one of South Africa’s largest financial services groups and is also the continent’s largest asset lender with over $900 billion in loans in 2017. Its strong financial performance also included revenues in excess of R70 billion, earnings of just over R16 billion and a 16.6% Return on Equity for investors. Its recent marketing campaign, ‘What’s your next?’ successfully connected with consumers, and from 2016 to 2017 the bank experienced the largest increase in consumer satisfaction of any South African bank.