Standard Bank Group

One of the largest financial institutions in South Africa is Standard Bank Group Limited. It has more assets than any other African bank. Standard Bank Centre, the company's headquarters, can be found on Simmonds Street in Johannesburg. When Standard Bank made the switch to Amazon Web Services in March 2019, it was the first African financial institution to do so.

The bank stated in March 2019 that they would be closing 91 locations and laying off 1200 employees. The decision was made because of the declining importance of the branch network and the increasing popularity of self-service options. Standard Bank, a South African financial institution, declared in July 2021 that it will invest $594 million to enhance its 54% ownership in Liberty Holdings, a South African insurance provider.

Standard Bank Group is worth $16.50 billion as of April 2023. Based on its current market capitalization, Standard Bank Group is the 1017th most valuable corporation in the world. Standard Bank Group's current revenue (TTM) is $8.35 billion, as shown in the most recent financial reports. The company's sales in 2021 were $8.35 billion, up from $8.25 billion in the previous year.

Founded: 15 October 1862
Headquarters: Standard Bank Centre, Johannesburg, South Africa
Website: www.standardbank.com