Standard Bank makes it a hat-trick of international recognition.
Standard Bank, the biggest bank in Africa by assets, has once again won international recognition, this time from Forbes Magazine for being one of the World’s Best Employers.
Standard Bank has been ranked 18th in the world, amongst the top 850 large multinational organisations. The Bank emerged as the highest ranked company from Africa and ranked 2nd in the Banking and Financial Services sector globally.
“Our people are at the heart of what we do. This recognition is a profound demonstration of the value our 50,000 employees place in our organisation. It’s phenomenal to be recognised as one of the World’s Best Employers for the second year in a row. In fact, we’ve greatly improved our standing given that we were ranked 130th in 2023,” says Sim Tshabalala, Standard Bank Group Chief Executive.
The World’s Best Employers are chosen each year by Forbes in partnership with Statista, based on independent surveys completed by employees in over 50 countries. Over 300,000 employee evaluations are considered, ensuring that the process is conducted independently and anonymously.
This accolade comes on the heels of the Group being recognised as one of Time Magazine’s World’s Best Companies and, for the second consecutive year, Newsweek’s World’s Most Trustworthy Companies.
“We will continue to empower our people to serve our clients with consistent excellence and to support inclusive and sustainable growth throughout Africa,” concludes Tshabalala.
DID YOU KNOW?
About Standard Bank Group
The Standard Bank Group is the largest African bank by assets, operating in 20 African countries, 4 global financial centres and 2 offshore hubs. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.
As at 30 June 2024, the group’s market capitalisation was R347 billion (USD19 billion). The group’s headline earnings for the period ended 30 June 2024 were R22.0 billion (USD1.2billion) and total assets were R3.1 trillion (USD170 billion).
Standard Bank has a 161-year history in South Africa and started building a franchise outside southern Africa in the early 1990s. Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.
As at 30 June 2024, Standard Bank Group had 19.5 million clients, employed nearly 51 000 people (including Liberty) and had almost 1 200 points of representation and 5 500 ATMs on the African continent.
The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 19.4% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.
For further information, go to http://www.standardbank.com
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