#StandardBank

Standard Bank representative office first to be re-licensed under Ethiopia’s new banking proclamation

2 months ago

SPONSORED CONTENT: Standard Bank is proud to be the first foreign institution re-licensed under the country's landmark Banking Business Proclamation. This milestone reinforces our commitment to connecting Ethiopian businesses to global markets.

#StandardBank #EthiopiaBanking #EconomicReform

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Standard Bank reaffirms commitment to South Africa’s SME growth following successful 2025 SAFT summit | Daily Maverick

2 months ago

SPONSORED CONTENT: Standard Bank headlined the 2025 SAFT Summit, reaffirming its commitment to the entrepreneurs driving South Africa’s growth. Standard Bank continues to turn possibilities into opportunities.

#StandardBank #SAFT2025 #SMEGrowth

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@vaxowave.bsky.social

3 months ago

Last night, our team had the opportunity to take part in the Standard Bank Top Women Awards.

#StandardBank #StandardBankTopWomenAwards #Awards #Congratulations #CorporateCulture #SouthAfrica #Vaxowave

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#StopEACOP

@stopeacop.bsky.social

3 months ago

UK, Netherlands drop funding for TotalEnergies’ massacre-linked gas project The governments had been under pressure to ditch support for the scheme.

This is why we said, #EACJCourt ruling notwithstanding, the controversial #EACOP project, like the Mozambique LNG, remains risky. Those funding it, like South Africa's #StandardBank, must know they're complicit even if they pretend ignorance of the reality on the ground. #StopEACOP shorturl.at/nKtjN

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Logistics Update Africa

@logupdateafrica.bsky.social

4 months ago

Standard Bank opens Cairo office to strengthen Africa trade links The Cairo office marks Standard Bank’s 21st point of presence in Africa.

Standard Bank has opened a representative office in Cairo, Egypt, to expand its presence in North Africa and support trade, investment, and innovation across the continent.

#StandardBank #Egypt #Cairo #Africa

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LBNNTV

@lbnn.bsky.social

6 months ago

💰 Africa's biggest lender by assets, Standard Bank, has just reported 10% growth in half-year headline earnings per share, driven by strong corporate & investment banking performance.
CEO Sim Tshabalala shares the bank's economic outlook.

#standardbank #RSA #investmentbanking

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Standard Bank Namibia posts robust growth amid economic shifts Defying a backdrop of global economic uncertainty, SBN Holdings Limited, the Namibian arm of Standard Bank Group, has announced a robust set of financial results for the first half of 2025. The group reported a significant 10.1% year-on-year increase in profit, reaching N$556.9 million, showcasing its ability to navigate challenging

6 months ago

#StandardBank #Namibia #EconomicGrowth #Finance #SBNHoldings

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Standard Bank’s interest income hits N$1.1 billion Chamwe Kaira Standard Bank Namibia Holdings reported a 2.9% increase in interest income to N$1.1 billion for the six months ended 30 June. The growth was supported by an 8.8% rise in gross loans and advances to customers and an 18.4% increase in other interest-earning assets. Lending activity started slower than expected, which limited the impact on average balances, a key driver of net interest income. A cumulative 100 basis point cut in the repo rate also reduced margins. Non-interest revenue rose by 3.6% to N$792.7 million, driven by higher client activity and greater use of digital services. Net fee and commission income increased by 7.4% due to more transactions and improved use of digital channels. Trading revenue fell by 13.8% as a stable currency market, lower short-term yields, and the absence of one-off gains from the previous period put pressure on margins. Credit impairments dropped by 21.8% due to stronger credit risk management. Accounts moving into non-performing loans fell by 46%, and fewer accounts showed significant credit risk. The non-performing loans ratio improved to 3.7% from 4.7% at the end of December 2024. NPL exposures declined from N$1.5 billion to N$1.4 billion, while the NPL coverage ratio increased to 35.6% from 34.7%. “The group continues to maintain a prudent provisioning stance and actively reviews its strategic pre-NPL and NPL initiatives to ensure that they remain responsive and fit for purpose in the ever-evolving risk landscape,” the group said. Operating expenses rose by 2.1% to N$1 billion, remaining below average inflation of 3.5%. Staff costs increased by 11.3% due to annual salary adjustments, a higher headcount, and performance-based pay. IT expenses fell by 6.8% due to cost-saving measures and delayed spending. Customer deposits and current accounts grew by 3.6% to N$29.7 billion. Current accounts increased by 7%, term deposits by 16.3%, and NCDs by 21.2%. Financial assets rose by N$1.4 billion, largely from higher investments in government bonds and treasury bills. The group’s total capital adequacy ratio stood at 17.25% and its common equity tier 1 ratio at 15.31%, both well above regulatory requirements.

7 months ago

#StandardBank #InterestIncome #FinanceNews #Namibia #Banking

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Standard Bank counts on supportive economic climate Chamwe Kaira Standard Bank Namibia Holdings expects the economy to remain relatively favorable for business, despite persistent global and local risks. Internationally, growth may be held back by high debt levels, geopolitical tensions, and weak external demand. “Nonetheless, easing global inflation and a gradual pivot towards more accommodative monetary policies may offer some relief to financial markets and emerging economies,” the group said in its results for the six months ended 30 June. The profit after tax rose from N$505 million in the same period last year to N$556 million. Locally, the bank sees growth supported by the recovery of mining and agriculture, along with higher public and private investment. “Continued policy efforts aimed at fostering economic diversification are expected to underpin medium-term momentum. The recent easing of the policy rate is anticipated to boost household and business credit appetite, while inflation is projected to remain within the target range, barring any material supply-side disruptions,” it said. The Bank of Namibia recently ordered all commercial banks to narrow the gap between the repo rate and prime lending rate by 25 basis points in two phases before year-end, 0.125% by 30 September 2025 and another 0.125% by 31 December 2025. The move aims to improve monetary policy transmission and expand credit access. In response, the group said it remains focused on disciplined cost control, diversified revenue, higher customer activity, and balanced asset-liability management. “The group continues to closely monitor macroeconomic and regulatory developments and remains agile in its response to evolving conditions. Strategic priorities, including digital transformation and acceleration, inclusive lending, and sustainable growth, are expected to support continued operational resilience and shareholder value creation over the medium term.” For the rest of 2025, the bank plans to strengthen client relationships, invest in employee growth, and drive sustainable expansion. “We remain committed to delivering on our strategic priorities. Ultimately, with our people at the core, we are dedicated to growing Namibia, her businesses, and her people.”

7 months ago

#StandardBank #EconomicGrowth #Investment #Mining #Agriculture

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Standard Bank Namibia hosts second Anti-Financial Crime Conference Building on the momentum of its inaugural event in 2024, Standard Bank Namibia will host the second annual Anti-Financial Crime Conference on Thursday, 14 August 2025, convening regulators, financial institutions, and global experts to address the rising complexity of financial crime in the digital age. Last year’s conference opened a

7 months ago

#AntiFinancialCrime #FinancialSecurity #Namibia #StandardBank #FraudPrevention

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Interview: Blue Growth Series Attracts Over 340 Entrepreneurs, Spotlight on Informal Sector Standard Bank’s latest entrepreneurship initiative — the Blue Growth Series — has received over 340 applications within two weeks, with close to half coming from the local informal economy. This...

7 months ago

#Entrepreneurship #BlueGrowth #InformalEconomy #BusinessDevelopment #StandardBank

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Standard Bank’s Keep Growing campaign: A promise to embrace the journey of growth with customers Standard Bank has launched its new “Keep Growing” brand campaign, a powerful affirmation of the bank’s purpose: “Africa is our home, we drive her growth”. The advertising campaign, which launched with a brand advert in the South African market, champions the limitless potential of the African continent, its people and communities – recognising that every […]

7 months ago

SPONSORED CONTENT: Love this! Standard Bank just launched their "Keep Growing" campaign, all about Africa's limitless potential & supporting YOUR journey! 🌱 Featuring Zoe Modiga's amazing voice.

Check out the inspiring ad!
#StandardBank #KeepGrowing #Africa #GrowthMindset

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Standard Bank Launches Southern Africa’s First Shari’ah-Compliant Overdraft Africa’s biggest lender, Standard Bank, has launched the first-ever Shari’ah-compliant overdraft facility in Southern Africa, marking a transformative milestone for Islamic Finance on the continent. Designed to empower business owners with more Shari’ah-compliant solutions, the product adds to a long list of Standard Bank’s innovative solutions to meet the unique needs of Africa’s growing demand for Islamic Finance.

8 months ago

SPONSORED CONTENT: Big news in finance! Standard Bank just dropped Southern Africa's FIRST Shari’ah-compliant overdraft! 🤯 This means flexible, non-interest funding for businesses, aligned with ethical values.

Read about it
#StandardBank #IslamicFinance #Fintech #BusinessGrowth

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Standard Bank cultivates growth with a N$40 million investment in blueberry farming In a bold step toward transforming Namibia’s agriculture sector, Standard Bank Namibia has financed N$40 million in blueberry farming – a strategic move reinforcing the Bank’s commitment to sustainable growth, agricultural innovation, and inclusive socioeconomic development. This landmark investment supports Namibia Berries; a pioneering agribusiness project located near the town

8 months ago

#StandardBank #Namibia #BlueberryFarming #Agriculture #SustainableGrowth

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Court Rejects Standard Bank's Bid to Foreclose On Zwelinzima Vavi's Home Over Loan Arrears [Namibian] A High Court judge has slammed Standard Bank for its 'disproportionate' attempt to foreclose on the home of union leader Zwelinzima Vavi, even as he was consistently paying off the arrears on his home loan.

8 months ago

#Namibia #StandardBank #ZwelinzimaVavi #LoanArrears #Foreclosure

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Profit Trading USA

@profittradingusa.bsky.social

8 months ago

Standard Bank reaffirms annual guidance after strong five-month results Investing.com -- Standard Bank Group maintained its annual guidance on Thursday after reporting strong performance for the first five months of the year. The South African bank reaffirmed that it expects banking revenue growth in the mid-to-high single digits for 2025, with the banking-cost-to-income ratio flat to down compared to the previous year. The group’s return on equity is expected to remain within the targeted range of 17% to 20%. "Despite the considerable uncertainty and market volatility, the group’s established and well diversified franchise continued to deliver a resilient performance," the bank said. Standard Bank forecasts that headline earnings growth for the first half of the year will be slower than the growth recorded in the first five months, which was approximately 10% - similar to the first quarter’s rate. This slower growth projection is attributed to the particularly strong performance in June 2024. The bank also noted that its return on equity for the five-month period remained within the guided range for the year. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. SBKJ: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if SBKJ is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Click Subscribe #StandardBank #Banking #Investment #FinancialResults #RevenueGrowth

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Court rejects Standard Bank’s bid to foreclose on Zwelinzima Vavi’s home over loan arrears A High Court judge has slammed Standard Bank for its ‘disproportionate’ attempt to foreclose on the home of union leader Zwelinzima Vavi, even as he was consistently paying off the arrears on his home loan. The Johannesburg High Court has ruled against Standard Bank in its legal bid to foreclose on the upmarket Sandton home of South African Federation of Trade Unions general secretary Zwelinzima Vavi. The bank sought a money judgment and permission from the court to execute against Vavi’s primary residence, because he and his wife had fallen behind on their home loan repayments. However, what is curious about Standard Bank’s legal bid is that the arrears date back three years, and Vavi and his wife had not only kept up with their bond repayments but had also worked to reduce the arrears from R170,000 to R85,000. In handing down his judgment on Tuesday, Judge Stuart DJ Wilson rebuked the bank for seeking an execution order when the Vavis’ repayment over the last 18 months showed “an apparently perfect adherence to the Vavis’ obligations to pay their monthly instalments”. “Standard Bank has placed nothing before me that explains why execution against the Vavis’ home is a proportionate means of recovering the arrears,” Judge Wilson said. The court, referencing the Constitutional Court’s stance in Gundwana v Steko Development CC, emphasised that the value or location of a property does not diminish the need for proportionality when a bank seeks to take away someone’s home. “Cases in which it would be disproportionate to authorise execution of a proven mortgage debt against such a property are likely to be rare. This is such a case,” the judgment noted. What raised eyebrows was Standard Bank’s demand for more than R160,000 in legal costs – almost double the outstanding arrears. The court found that the bank had effectively tied the settlement of the dispute to the payment of these costs, suggesting that the Vavis may have hesitated to pay legal fees that far exceeded their actual arrears. 877363203-602Download The broader problem Standard Bank’s case against Vavi is not unique. Across South Africa, banks have been criticised for using aggressive tactics to address home loan arrears. These include: * • Initiating legal action for repossession even when homeowners are actively reducing their arrears; * • Imposing excessive legal costs that quickly outpace the actual debt; and * • Failing to engage meaningfully with customers before resorting to court action. In 2024, Judge Wilson came down on Standard Bank for using “high-handed” tactics by taking a Meyersdal couple to court over home loan arrears on which they had managed to catch up a few months before the matter was set down to be heard. Earlier this year, the bank attempted to take the home of a Roodepoort homeowner who was attempting to catch up on arrears, but the case was dismissed with costs. If the court had granted Standard Bank’s order against Vavi, it would have given the bank the power to foreclose on the house and potentially sell it at a fraction of its value to recoup the R85,000 that it is owed. This has happened to countless South Africans over the years. However, a R60-billion class-action suit against South Africa’s leading banks – Standard Bank, Absa, FirstRand and Nedbank – is seeking to address this issue. Led by Advocate Douglas J Shaw, the lawsuit highlights systemic issues with how banks handle mortgage arrears. Despite a 2017/18 legal victory that forced banks to set reserve prices at sheriff auctions – preventing sales at rock-bottom prices – Shaw reports that many homes continue to be sold for only 50% to 70% of their true value, and in some cases as low as 10%. Former owners often remain liable for the outstanding bond balance while being left homeless and destitute for years. Shaw further alleges that banks frequently proceed with sales even when foreclosure is not a last resort, such as when homeowners have regained employment, can rent out their properties or could subdivide them to meet obligations. “We often see banks act in a manner we consider irresponsible. You cannot trust them to do what most people would see as ‘the right thing’,” Shaw said. This ongoing class action underscores the concerns raised by the Vavi case – namely, that banks sometimes resort to heavy-handed enforcement tactics without adequately considering proportionality or alternative solutions. It also highlights the broader call for stricter regulation and more ethical conduct in mortgage enforcement practices across South Africa. Daily Maverick reached out to Standard Bank and Vavi for comment but did not receive responses by the time of publication. This article will be updated once responses are received. DM The post Court rejects Standard Bank’s bid to foreclose on Zwelinzima Vavi’s home over loan arrears appeared first on The Namibian.

8 months ago

#ZwelinzimaVavi #StandardBank #Foreclosure #CourtRuling #SouthAfrica

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Otjozondjupa learners receive stationery through Standard Bank Grant Otjozondjupa learners receive stationery through Standard Bank Grant NBC Online Sat, 06/07/2025 - 17:46

9 months ago

#Education #StationeryDonation #StandardBank #Namibia #SupportTheLearners

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Standard Bank to provide N$1.2bn for 44 MW Diaz wind project in Namibia Financial services firm Standard Bank has partnered with wind power project company InnoVent SAS to fund the development and construction of the 44 MW Diaz wind project, which will be Namibia’s largest wind energy farm. Standard Bank will provide N$1.2-billion towards the construction cost of the project. The Diaz wind

9 months ago

#WindEnergy #RenewableEnergy #SustainableDevelopment #Namibia #StandardBank

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Standard Bank Partners With Innovent SAS To Fund NAD1.9 Billion For Namibia’s Diaz Wind Project - Africa.com Standard Bank Partners With Innovent SAS To Fund NAD1.9 Billion For Namibia’s Diaz Wind Project Africa.com

9 months ago

#StandardBank #InnoventSAS #DiazWindProject #Namibia #RenewableEnergy

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Namibia: Standard Bank lends $106m for Innovent’s Diaz Wind project - African Energy Namibia: Standard Bank lends $106m for Innovent’s Diaz Wind project African Energy

9 months ago

#Namibia #StandardBank #Innovent #DiazWind #RenewableEnergy

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Standard Bank Wins Africa’s Best Islamic Bank – Two Years in a Row Standard Bank’s Shari’ah Banking has been crowned Africa’s Best Islamic Bank for the second consecutive year at the 2025 Euromoney Islamic Finance Awards. The bank also received the award for South Africa’s Best Islamic Bank.

9 months ago

SPONSORED CONTENT: Standard Bank wins big again! 🏅 Two-time winner of Africa’s Best Islamic Bank at the 2025 Euromoney Awards.

Learn how it’s pioneering Shari’ah-compliant finance across the continent
#IslamicFinance #BankingInnovation #StandardBank

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Standard Bank to provide N$1.2bn for 44 MW Diaz wind project in Namibia - Engineering News Standard Bank to provide N$1.2bn for 44 MW Diaz wind project in Namibia Engineering News

9 months ago

#StandardBank #Namibia #WindEnergy #RenewableEnergy #SustainableDevelopment

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fetchfeeds.com

@fetchfeeds.bsky.social

10 months ago

Noluthando interviews Thabani, Standard Bank's Chief Risk Officer for Personal & Private Banking. Learn more at omnystudio.com/listener. 📣 #StandardBank https://fefd.link/RwUhH

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702

@radio702.bsky.social

10 months ago

South Africans to spend less over Easter - Standard Bank Necessities are being prioritised over luxury items, says Shené Mothilal of Standard Bank.

"... a declining trend in charity and donations... local travel has declined... South Africans are making trade-offs..."

- Shené Mothilal, #StandardBank

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CapeTalk

@capetalk.bsky.social

10 months ago

South Africans to spend less over Easter - Standard Bank Necessities are being prioritised over luxury items, says Shené Mothilal of Standard Bank.

"... a declining trend in charity and donations... local travel has declined... South Africans are making trade-offs..."

- Shené Mothilal, #StandardBank

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