Standard Bank

It is a South African financial group and one of the most important lenders of the continent. It offers its commercial, investment, private, and consumer banking services in Africa, Asia, Europe, North America and South America.

History

It was created in 1862 as a subsidiary of the British bank “Standard Bank” under the name of The Standard Bank of British South Africa. It began operating a year later and merged with Colesberg Bank, the British Kaffrarian Bank, the Fauresmith Bank and the Commercial Bank of Port Elizabeth. In 1883, its name was changed to The Standard Bank of South Africa Ltd. In 1920, it bought African Banking Corporation. In 1962, it established a branch with the same name and subsequently, the parent company changed its name to Standard Bank Limited. In 1969, it merged with Chartered Bank of India, Australia and China to form Standard Chartered Bank and that same year the Standard Bank Investment Corporation was created. During its years of history, it established many branches spread across Africa, Asia, Europe and part of America.

Routing Number

The route number consists of 9 digits that represent the efficiency and guarantee in a bank transfer: 243374250.

Number of Employees

The bank has approximately 54,767 employees.

Rating

The rating is the evaluation of a bank and the risks it can take in case of not paying a debt. Moody’s, S&P, and Fitch are the agencies in charge of it.

Standard Bank has a rating of:

  • Moody’s = Ba1.
  • Fitch = BB+.

Ba1 (Moody’s) = Questionable Credit Quality.

BB+ (Fitch) = It has high solvency, but sensitive to adverse changes.

Headquarters

The headquarters of the entity is in the city of Johannesburg, South Africa.

Website

If you want to know more about this bank, enter through its website: http://www.standardbank.com/.

Services

The bank offers a wide variety of services and products that meet the needs of personal, commercial, business and corporate clients. It provides personal, commercial, business, investment and corporate banking services. Besides, it grants the benefits of services that include investments, online stock trading, wealth management, foreign currency exchange, insurance, and more.

Contact

  • Address: 9th Floor, Standard Bank Centre, 5 Simmonds Street, Johannesburg 2001, P O Box 7725, Johannesburg 2000
  • Phone Number: +27 11 299 4701