Standard Bank Group has won the Development Finance Initiative of the Year category winner in the Africa Investor Agribusiness Awards 2010. The award is for its groundbreaking Agricultural Guarantee Fund Scheme that has improved access to finance to smallholder farmers in Africa For more on Standard Bank Group’s involvement in this sector, click here.
On Thursday, August 26th 2010 Standard Bank Plc and UniCredit Bank AG London Branch, successfully closed the exchange offer of notes conducted for Yapi Kredi, the fourth largest private bank in Turkey. Standard Bank and UniCredit acted as Dealer Managers, Joint Arrangers and Bookrunners for the transaction.
Standard Bank was appointed Joint Lead Manager for the placement of R1.5 billion across 6 month and 12 month notes for Mercedes-Benz South Africa. The placement closed on 18 August with R1 billion issued in the 6 month note which was 1.6 times oversubscribed and R500 million in the 12 month note which was almost 5 times oversubscribed.
Standard Bank Group is the first local financial services organisation to list and offer retail and institutional investors in South Africa commodity linked exchange traded notes (ETNs). The first release includes the precious metals suite of platinum, palladium, gold and silver linkers. These instruments are listed on the Johannesburg Stock Exchange/JSE main board and are South African rand denominated.
The Emerging Africa Infrastructure Fund (EAIF) has increased its funding capacity to US$ 600 million, following the signing of a new credit line with the International Finance Corporation, African Development Bank and the Austrian Development Bank.
Standard Bank Group’s growing influence across African markets received significant acknowledgement with the announcement that the banking group has been named Best Investment Bank In Africa, Best Bank in South Africa and Best Investment Bank in Nigeria in the Euromoney Awards for Excellence 2010.
Standard Bank Group has been ranked Africa’s top bank in the annual The Banker magazine’s ranking of the world’s top banks. In addition, Standard Bank Group also jumped to 106th place in The Banker’s list of 1000 top banks in the world. Standard Bank Group was ranked 110 last year.
Singapore: CIMB Standard, a joint venture private equity fund manager between CIMB Group and Standard Bank Group specialising in mid-cap infrastructure investments in Southeast Asia and Central Asia, today unveiled its new brand, CapAsia.
Today, the Netherlands Development Finance Company (FMO) and Standard Bank Plc signed a Risk Sharing Facility worth USD 400 mln.
Ewa Gracey has been appointed as Director, Loan Syndication & Sales at Standard Bank. In her new role, Ewa will report to Mark Vincent.
eThekwini Municipality in the South African province of KwaZulu-Natal, has chosen Standard Bank Group (SBG) as its main bankers for the next five years, commencing 1 October 2010. Kennedy Bungane, Chief Executive, Corporate and Investment Banking of Standard Bank Group in South Africa, says: “We are thrilled to have been chosen as the banking partner to eThekwini Municipality, which is the second largest Metro in the country and a significant contributor to the economy of KwaZulu-Natal.
Standard Bank, South Africa’s largest warrant trading house, is the first local financial institution to launch platinum warrants to retail investors. Standard Bank will soon be launching commodity warrants on oil. Retail commodity warrants allow investors to access the global commodity market from South Africa.
Standard Bank Group has appointed Olu Ajayi as Head, Trade Finance. Trade Finance is a new business unit formed as part of Standard Bank’s effort to enhance its trade product offering to its clients, and is in line with the bank’s strategy to develop the trade finance franchise across Africa.
Standard Bank Group has appointed Olu Ajayi as Head, Trade Finance. Trade Finance is a new business unit formed as part of Standard Bank’s effort to enhance its trade product offering to its clients, and is in line with the bank’s strategy to develop the trade finance franchise across Africa. Ajayi formerly Head, Structured Trade Finance at Stanbic IBTC Bank, joined the bank in March 2009 to set up the STF business and he has significant knowledge and understanding of funding trade businesses
Standard Bank announced today that it has appointed Margaret Nienaber, a highly regarded executive from within the South African insurance industry, to head up their Private Clients division in South Africa. Margaret Nienaber joins Standard Bank from the Santam Insurance Group where she was previously Executive: People, Brand, and International Expansion.
Standard Bank Group now offers dynamic hedging that will help clients to better manage market volatility and protect the value of their currency portfolios. This follows further relaxation of exchange control regulations by the South African Reserve Bank (SARB) for the hedging process applicable to all over-the-counter trades confirmed with local banks. Click here for more information on dynamic hedging.
Thousands of Chinese tourists who visit South Africa every year will now be able to withdraw cash from over 4800 Standard Bank ATMs and make payments through its point-of-sale terminal network in South Africa. This follows the finalisation of a strategic partnership between Standard Bank and China UnionPay (CUP), China’s only bankcard association and interbank network.
Standard Bank, the emerging markets focused bank, has significantly bolstered its private equity capability with the hiring of three senior executives to its private equity franchise. Bilge Ogut, Marcelo Di Lorenzo, and Navaid Burney, have joined Standard Bank Private Equity from Warburg Pincus, Merrill Lynch Global Private Equity and Emerging Capital Partners respectively.
Standard Bank announced today that it will be sponsoring the annual conference of the Association of Corporate Treasurers to be held in Manchester from 27-28 April 2010.
Standard Bank has been recognised for its excellence in emerging markets winning three awards in the prestigious The Banker ‘Deal of Year’ Awards for 2010.
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