Standard Bank has been recognised for its capabilities in syndicated loans by winning two Emeafinance magazine Awards.
Standard Bank and the OPEC Fund for International Development (OFID) have announced the launch of two unique African development financing initiatives. Agreements covering both initiatives were signed by the two partners today in London.
Standard Bank Group’s (SBG) profitability remained sound and its strong liquidity and capital position has allowed it to continue to invest for growth. Announcing SBG’s annual results for the year ended 31 December 2009, Chief Executive Jacko Maree said: “It was an extremely tough year, but one in which our focus on developing markets stood us in good stead. Our vision to be a leading emerging markets financial services organisation remains unchanged. Our resilience ..." Click here to view full details.
Project developers, bankers and others setting up carbon projects as part of the fight against climate change have a new place to go for help. ACAD, the first facility dedicated to boosting the African carbon market, has launched by awarding several new grants.
Standard Bank and UNEP collaborate on the Africa Carbon Asset Development (ACAD) Facility
Minister of State for Finance, Mr. Remi Babalola, Central Bank of Nigeria (CBN) Governor, Mr. Sanusi Lamido Sanusi, Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, the Director General of the National Pension Commission (PenCom), Mr. M K Ahmad and the Director General of The Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyuike headline the list of experts and industry leaders who will attend the Stanbic IBTC 2010 Investors’ Conferenc
Standard Bank has won the “Asian Deal of the Year 2009” at the TelecomFinance Awards for its role in Cambodia’s largest transaction in corporate history.
London: Standard Bank continues to bolster its energy trading business with the hire of Suzanne Parry and Wolfgang Bergman as Senior Energy Marketer/Originator and Senior Flow Marketer respectively, reporting to Janelle Matharoo, Global Head Energy Trading at Standard Bank.
Standard Bank Group has appointed Matthew Pearson as Managing Director and Head of African Equity Product, Sub Saharan Africa (SSA), effective February 18, 2010.
Standard Bank has been named “Best Trade Finance Bank in Sub-Saharan Africa” in the GTR Magazine awards alongside winning two awards in “Best Deals of 2009” for Agro Traders and Wataniya Palestine Telecom.
EAIF wins award for its role in Olkaria III named ‘African Renewables Deal of the Year’ from Project Finance Magazine. Emerging Africa Infrastucture Fund (“EAIF”) has reinforced its credentials in the project finance sector with its role in the Olkaria III Project – announced today as ‘African Renewables Deal of the Year’ from Euromoney’s Project Finance Magazine in its 2009 ‘Deals of the Year’.
Standard Bank has reinforced its credentials in the Project Finance sector, with the announcement today that it has won a handful of awards from Euromoney’s Project Finance Magazine in its 2009 ‘Deals of the Year’.
Standard Bank has reinforced its credentials in providing project finance to African power plant projects winning another award for its role in Morupule B, named as ‘African Power Deal of the Year’ by Project Finance International.
Pursuant to agreed terms regarding the disposal prices of certain investments of Troika Dialog, Standard Bank has been issued further shares in Troika Dialog, raising its aggregate shareholding to 36.427%. Such additional shares were issued to SBGI by agreement on 18 December 2009.
Standard Bank and GD Power Development Co Ltd (Guodian Power) today signed an agreement on carbon emission reductions purchase for three hydropower projects. In terms of the agreement, Standard Bank will purchase the carbon dioxide (CO2) emission reductions generated by Guodian Power's three newly-built hydropower plants located in northeastern China. Click here to access the China Guodian Corp website.
Building owners can now gain carbon credits while cooling their buildings more efficiently. Local carbon advisory Climate Resources Exchange (CRX) of Singapore and Standard Bank (SB) are developing what will be Singapore’s first carbon program projected to aggregate over 100 buildings implementing energy efficiency by 2012.
The Standard Bank of South Africa Limited (SBSA) today signed a US$ 130 million two-year term loan facility in Taipei, Taiwan. The transaction was launched at US$ 100 million. An oversubscription of US$ 30 million was obtained, thus allowing for a final take of US$ 130 million.
Standard Bank has been named the 'Best Trade Finance Bank in sub-Saharan Africa' for the second successive year by GTR Magazine in its annual readers’ poll on the world’s leading financial institutions.
Standard Bank has been recognised again for its excellence in emerging markets winning seven awards, including the prestigious ‘African Bank of the Year’, in The Banker Awards of 2009. Standard Bank, whose operations extend to 33 countries and with total assets of US$200 billion, was also named ‘Bank of the Year’ for its country of origin South Africa and for Botswana, Lesotho, Malawi, Swaziland and Tanzania, reinforcing its position as Africa’s leading bank.
Standard Bank Private Equity supported the founding shareholders and management of CPQ Brasil S.A. in the acquisition of 99.99% of the total shares of Garuda S.A. in a public auction held at BM&FBovespa. Garuda S.A. holds a 70% stake in CPQ Brasil S.A., also known as “Casa do Pão de Queijo”, the leading and most recognized snack and coffee shop chain in Brazil.
South Africa Erik Larsen +27 11 636 7520 erik.larsen@standardbank.co.za
Ross Linstrom +27 11 636 3629 ross.linstrom@standardbank.co.za
Africa Kirsten Poplett +27 11 636 7338 kirsten.poplett@standardbank.co.za
Outside Africa Janice Garraway +44 20 7815 3025 janice.garraway@standardbank.com