Parent Company: Standard Bank Group, Limited
Brand Value: $3,553 Mil.
Headquarter City: Johannesburg
Year on Year Change: -26 percent
Year Formed: 1862
Standard Bank is the largest African banking group by assets, operating in 20 African countries and employing more than 54,000 people across the continent. Formed in 1862 in Port Elizabeth to finance the development of the Kimberley diamond fields, it became listed on the Johannesburg Stock Exchange in 1970. Standard Bank emphasizes its focus on Africa, aiming to bring investment and capital flows to the continent, while providing clients with eyes-on-the-ground into opportunities. In 2018, the brand’s headline earnings were R 27.9 million, a 6% increase over the previous year. Like most banks, however, its brand value declined in 2018, mainly due to adverse macroeconomic conditions that impacted its market capitalization in dollar terms.