Tag Archives: Standard Bank
Standard Bank Group has acted as the sole lead arranger for South Africa’s first – and only the world’s third – renewable energy bond for concentrated photovoltaic energy . The R1-billion, 16-year solar financing bond (closed on 29 April), with an 11% coupon was raised for French renewable energy firm Soitec.
The South African new car market is bucking the economic trend with sales increasing by 4.1% to 163 092 units during the first three months of 2013 when compared to the same period last year. This is despite tough economic conditions, with the South African Reserve Bank expecting GDP to grow by only 2.7% during 2013.
2012 Sustainability Report proves that Standard Bank’s strategy and sustainability programmes are mutually reinforcing and have served the company well in the past 12 months
Stanbic IBTC Holdings, a member of Standard Bank Group, has declared a profit before tax of N11.7 billion for 2012, an increase of 16 percent above the N10.1 billion recorded in the corresponding period of 2011, according to its audited results for the financial year ended December 31, 2012. Similarly, profit after tax rose to N10.2 billion, translating to an increase of 53 percent over the prior year’s N6.6 billion.
Standard Bank Group has concluded five major corporate bond issuances in the past month with a value of R6,1-billion. Standard Bank has assisted Netcare, PPC Ltd, Mercedes Benz, SABMiller and the City Of Tshwane to access the bond market for their funding requirements.
Fenella Aouane of Standard Bank Group has been appointed to the Board of the Climate Markets and Investment Association (CMIA), an international trade association representing 50 companies that finance, invest in and provide enabling support to activities that reduce carbon emissions. The CMIA’s membership accounts for an estimated 75% of the global carbon market, valued at US$120-billion in 2010.
Standard Bank Group has been ranked the 12th “greenest” bank in the world and the cleanest in Africa by Bloomberg Markets.
Mobile Money Africa returns to Johannesburg in May
Standard Bank South Africa has processed over R1million in cash transfers to Zimbabwe through its person-to-person money transfer offering, launched in partnership with OK Zimbabwe Ltd last year.
Standard Bank Group has walked away with 11 acccolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitisation house and best syndicated loan house in Africa.
Standard Bank Group has signed a R20-billion funding support agreement for renewable energy projects in South Africa with the Industrial and Commercial Bank of China (ICBC).
Stanbic IBTC Bank has launched a nationwide integrated brand repositioning campaign through which it seeks to showcase how both existing and potential customers can benefit from a new world of opportunities in banking.
South Africa should leverage its position in BRICS to increase investments in the development and upgrade of Africa’s inadequate infrastructure, says David Humphrey, Global Head of Power and Infrastructure at Standard Bank Group.
Standard Bank South Africa’s home loan book for the affordable housing market grew by 30% to R14-billion in 2012 as South Africa’s largest residential mortgate lender continued to attract first-time homebuyers in this segment.