One of South Africa's "big four" full-service financial institutions and the largest by assets across Africa as a whole, Standard Bank offers a full range of retail, corporate and institutional services in 20 countries across the continent. In some countries it trades as Stanbic Bank, and also offers insurance under the Liberty banner. The business traces its roots back to the country's colonial past. Originally incorporated in London in the 1860s, it played a major role in the commercial development of sub-Saharan Africa over the next 100 years. In the 1960s the original business merged with another colonial lender in Asia to become what is now Standard Chartered Bank, and Standard Bank of South Africa was spun off as an independent business in the 1980s, partly for political reasons. Total income for 2015 was ZAR 91.1bn ($7.2bn). Ben Kruger and Sim Tshabalala are joint chief executives. The group's largest individual shareholder now is China's ICBC, which acquired a 20% stake in 1998. Nielsen estimated ad spend in South Africa of ZAR 505m ($52m) for 2013. Subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.
Capsule checked 24th August 2016
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