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Corporate and Investment Banking Transactional Products and Services for the Bank Sector

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Corporate andInvestment Banking

Transactional Products and Services for the Bank Sector

3

Transactional Products and Services for the Bank Sector

Standard Bank in brief 153 Years of experience in Africa

20 Number of countries Standard Bank operates in

USD 165 billion Total assets 31 December 2014 in sub-Saharan Africa

ZAR 17 billion (USD 1.6 billion) Headline earnings for 2013

Over 49 000 Number of employees

Over 1 200 Branches across Africa

8 623 ATMs in Africa

20% ICBC shareholding

Africa is our home, we drive her growth

4

Connect with the largest banking group in Africa

Proudly African with true global capabilities, Standard Bank is the

ideal banking partner for international corporate and financial

institutions looking to succeed in Africa.

Our expertise and insight are rooted in the African experience,

with operations in 20 countries across the continent.

Through this global footprint we have become an established

leader in the complex emerging market financial services arena.

Presence in pools of capital in deveoped markets

Presence in selected emerging markets

Connecting Africa and the world

Headquartered in Johannesburg, the financial heart of Africa,

Standard Bank has been a mainstay of South Africa’s banking

system since 1862.

In addition to our corporate and institutional offering, we also

offer personal and business banking, corporate and investment

banking, investment management and life insurance services.

5

Transactional Products and Services for the Bank Sector

The Standard Bank story

   

Subsidiaries, consolidated and unconsolidated structure entities

6

7

Standard Bank Group financial highlights

Headline earnings (ZAR million)CAGR1 (2007 – 2013):5%

1Compound annual growth rate.

Headline earnings by business unit

Transactional Products and Services for the Bank Sector

9

Headline earnings

Headline earnings (Rm) CAGR (2009 – 2014): 8%

20 000

16 000

12 000

8 000

4 000

11 718 11 283 13 599 14 918 17 194 17 323

2009 2010 2011 2012 2013 2014

Reconciliation of profit for the year to headline earnings

2014 2013

Gross Tax1

NCI and prefs2 Net Gross Tax1

NCI and prefs2 Net

Rm Rm Rm Rm Rm Rm Rm Rm

Profit for the year – banking activities 24 238 (6 093) (2 212) 15 933 20 380 (4 625) (1 494) 14 261

Headline adjustable items – banking activities (deducted)/added (671) (124) 27 (768) 800 (88) 10 722

Loss/(profit) on sale of property and equipment – IAS 16 16 (17) 15 14 (4) 2 (2)

Realised foreign currency profit on foreign operations – IAS 21 (1 203) (1 203)

Disposal profit and reversal of impairment of associate – IAS 27/IAS 36 (53) (53)

Profit on disposal of subsidiaries – IAS 27 (9) (9) (91) (91)

Impairment of intangible assets – IAS 36 450 (106) 344 308 (86) 222

Goodwill impairment – IAS 36 4 4Realised gains on available-for-sale

assets – IAS 39 (29) (1) 12 (18) (16) (4) 10 (10)Impairment of non-current assets

held for sale – IFRS 5 153 153 603 603

Headline earnings – banking activities 23 567 (6 217) (2 185) 15 165 21 180 (4 713) (1 484) 14 983

Headline earnings – Liberty 6 262 (1 926) (2 178) 2 158 7 582 (2 968) (2 403) 2 211

Standard Bank Group headline earnings 29 829 (8 143) (4 363) 17 323 28 762 (7 681) (3 887) 17 194

1 Excluding indirect taxes and including direct taxes attributable to the global markets outside Africa discontinued operation.2 Non-controlling interests and preference shareholders.

6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014

Group results in brief

Headline earnings by business unit

Change 2014 2013% Rm Rm

Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82

Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211

Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)

Standard Bank Group 1 17 323 17 194

Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9  834  million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher  credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105  million from a loss of R366 million in 2013.

Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.

Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing.  Credit impairments and the credit loss ratio were flat relative to 2013.

Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165  million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.

Card product headline earnings grew by 15% to R1  420  million. Income growth of  16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.

Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly

Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.

Bancassurance and wealth delivered headline earnings of R2  030  million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.

Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.

Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.

Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.

Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted

6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014

Group results in brief

Headline earnings by business unit

Change 2014 2013% Rm Rm

Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82

Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211

Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)

Standard Bank Group 1 17 323 17 194

Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9  834  million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher  credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105  million from a loss of R366 million in 2013.

Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.

Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing.  Credit impairments and the credit loss ratio were flat relative to 2013.

Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165  million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.

Card product headline earnings grew by 15% to R1  420  million. Income growth of  16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.

Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly

Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.

Bancassurance and wealth delivered headline earnings of R2  030  million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.

Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.

Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.

Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.

Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted

6 Standard Bank GroupAnalysis of financial results for the year ended 31 December 2014

Group results in brief

Headline earnings by business unit

Change 2014 2013% Rm Rm

Personal & Business Banking 17 9 834 8 401Corporate & Investment Banking – continuing operations 26 8 728 6 919Central and other >100 348 82

Banking activities – continuing operations 23 18 910 15 402Liberty (2) 2 158 2 211

Standard Bank Group – continuing operations 20 21 068 17 613Discontinued operation – Global markets outside Africa (>100) (3 745) (419)

Standard Bank Group 1 17 323 17 194

Overview of business unit performancePersonal & Business BankingPBB achieved headline earnings of R9  834  million, 17% higher than 2013. Robust revenue growth in NII and NIR of 15% and 13% respectively was offset by higher  credit impairments of 5%. PBB’s cost-to-income ratio was stable at 59.8% as operating costs grew by 14% due largely to the commissioning of major IT systems. ROE declined marginally to 18.2% from 18.6% in the prior period due to higher average capital allocated. PBB South Africa headline earnings grew by 10% in a difficult operating environment and PBB rest of Africa recorded headline earnings of R105  million from a loss of R366 million in 2013.

Transactional products grew headline earnings by 13% over the prior period to R3 037 million. Higher domestic interest rates and good growth in savings, investment and transactional accounts as well as transactional volumes supported good growth in total income of 15%.

Mortgage lending grew earnings by 14% to R1 935 million. Although net asset growth was muted as prepayments increased, the income growth of 12% was supported by higher new business registrations and disciplined new business pricing.  Credit impairments and the credit loss ratio were flat relative to 2013.

Instalment sale and finance leases’ headline earnings fell by 50% during 2014 to R165  million on a marginal increase in customer advances. Although reasonable income growth of 9% was achieved, substantially higher credit impairments resulting from adverse credit selection in 2013 in the retail portfolio had a material impact on risk-adjusted revenue.

Card product headline earnings grew by 15% to R1  420  million. Income growth of  16% was supported by 11% growth in average balances and higher domestic interest rates, together with increased activity by card holders and merchants. Credit impairments increased by 38% due to earlier recognition of impairments and a reduction in post write-off recoveries. These were partially offset by a moderate increase in operating costs which resulted in a credible overall performance.

Lending products’ headline earnings almost doubled to R1 247 million. Total income increased by 12% due to growth in revolving credit and overdraft products as well as business lending. There was a significant impact from the 8% reduction in credit impairments due to reduced risk appetite in the low income segment of the unsecured loan market as well as lower impairments from the rest of Africa, particularly

Tanzania and Zambia. The blended lending product credit loss ratio fell to 2.05% from 2.83% in 2013.

Bancassurance and wealth delivered headline earnings of R2  030  million, a 12% improvement on 2013. Total income grew by 14%, benefiting from an increased active insurance policy base and higher assets under management in Nigeria’s wealth business. Underwriting margins were under pressure due to claims arising from adverse weather conditions but total underwriting profit was slightly higher than the prior period.

Corporate & Investment BankingCIB’s headline earnings of R4 983 million declined by 23% in 2014 due to a combination of a headline loss of R3 745 million incurred in the discontinued operation and headline earnings of R8 728 million achieved by CIB’s continuing operations. The details of the loss in the discontinued operation have been set out in the group results section at the front of this announcement. The continuing operations headline earnings growth of 26% represents a pleasing underlying performance across the continuing CIB franchise. Total income increased by 14% with NII up by 18% and NIR growing by 11%. Credit impairments declined by 40% due to reduced specific credit impairments and a release of portfolio provisioning to the income statement due to the improved risk profile of credit exposures. Costs were well controlled, with staff costs flat on 2013 due to lower incentive payments, and 12% increase in other operating costs.

Transactional products and services recorded another successful year, growing revenue by 18% and earnings by 21% to R2 692 million with significant client mandates awarded across all business lines. Cash management, trade finance and investor services all recorded good revenue growth primarily due to a strong performance in the rest of Africa as well as in the more mature South African business.

Global markets operated in an extremely volatile environment during the year but performed well in increasing revenue by 13% and headline earnings by 19% to R3 268 million. Higher levels of activity in money markets, cash equities, structured solutions and foreign exchange all contributed to the good revenue performance. Operating costs were well controlled in spite of further investment in electronic platforms to deliver consistent product capabilities for clients.

Investment banking increased headline earnings by 22% to R2 534 million in spite of a moderate overall 6% growth in revenue that recovered well in the second half of the year. A sharp reduction in specific credit impairments due to better loan quality assisted

Overview of business unit performance

Headline earnings (contribution by business unit)

Personal and Business Banking

Corporate and Investment Banking

Liberty

Central and Others

Financial strength

• Standard Bank Group’s growth strategy is underpinned by

solid balance sheet strength.

• Customer and bank deposits continued to provide dominant

source of funding.

835

C64 M18 Y100 K3

Income contribution (%)

100

80

60

40

20

2009 2010 2011 2012 2013 2014

11 718 11 283 13 599 14 918 – –

Net interest income 37 38 39 37 44 46

Trading income aspercentage of non-interest revenue 60.2 58.7 57.1 56.4 56.2 55.3

Trading revenue 39 36 34 36 31 30

Fees and other revenue 24 26 27 27 25 24

Favourable › Increased contribution from the rest of Africa across all core products.

› Net interest income benefited from improved margins, increased deposits from customers, growth in the core lending book and the positive endowment impact of higher average interest rates.

› Strong FIC trading performance in South Africa and the rest of Africa.

› Higher arrangement, structuring and advisory fees attributable to large transactions in South Africa.

› Profit earned on the disposal of real estate investments.

› Reduced specific credit impairments in investment banking and transactional products and services.

Adverse › Higher operational costs to support IT infrastructure for future growth, capability build in the rest of Africa and increased regulatory and compliance costs across all regions.

› Loss from the global markets outside Africa discontinued operation due to challenging trading conditions, costs incurred to separate global markets outside Africa in preparation for disposal and the recognition of a fraud-related valuation adjustment loss for aluminium reverse repos.

› Non-recurrence of:

› realised fair value gain on contingent interest in Troika

› release of an equity trading provision following the successful legal resolution of a counterparty dispute.

Points of representation

Total branches and service centres rest of Africa

Change % 2014 2013

Angola 0 26 26

Botswana 0 11 11

DRC 0 5 5

Ghana 30 35 27

Kenya 4 24 23

Lesotho 0 17 17

Malawi 0 25 25

Mauritius 0 1 1

Mozambique 0 42 42

Namibia 0 47 47

Nigeria 0 179 179

South Sudan 0 1 1

Swaziland 0 10 10

Tanzania (9) 10 11

Uganda 3 94 91

Zambia 0 22 22

Zimbabwe 0 19 19

Total branches and service centres rest of Africa ? 568 528

12%

29%

57%

2%

9

Transactional Products and Services for the Bank Sector

Corporate and Investment Banking – leading global financial connectivity in Africa

Our Corporate and Investment Banking division (CIB) offers

a wide range of banking, finance, trade, investment, risk

management and advisory services, with a specific focus on

industry sectors that are most relevant to emerging markets.

CIB has led Standard Bank’s international expansion in 20

countries across the continent and around the globe, creating

a client focused business model that supports a seamless client

service and multi product offering.

There is a need for sophisticated, targeted financial solutions in

high-growth markets. Our specialist transactional banking teams

are well versed in using best-of-breed technology to customise

innovative products to suit the exact requirements of corporate

and institutional clients.

The result is a client-centric approach that leads to highly

personalised service.

Our global presence and firm commitment to doing business with

financial institutions drives the coordination and execution of

financing and banking requirements within and across continents.  

Transactional products and service solutions for global financial institutions in Africa

As a leading bank in Africa, Standard Bank understands your

need to manage the risks inherent in your trade, treasury and

cash management activities across multiple jurisdictions. We are

uniquely placed to provide you with transactional solutions in our

presence countries.

We provide you with the expert advice required to manage the

complexities, regulations and risks of managing your transactions

across Africa.

As a leading financial services group, Standard Bank follows

worldwide compliance and screening protocols. We have extensive

access to capital and funding, and we are one of the African banks

with direct Continuous Link Settlement (CLS) membership for the

10

11

participating currencies as well as the South African rand (ZAR).

We are highly skilled and experienced in CLS and hold sufficient

liquidity to support our clients requirements in ZAR CLS. With

our wide network of correspondent banking relationships,

relationship-managed accounts and key strategic partnerships,

we provide solutions that meet the full range of your needs.

In choosing us as your partner, you receive dependable and

efficient service that is scalable and based on sound experience

and regional expertise. With an on-the-ground presence in 20

countries across Africa, we assist you to transact with ease across

a variety of local regulations and conditions. As a pan-Africa bank

and a committed player in the field of correspondent banking,

Standard Bank is focused on connecting the world and Africa

through our trusted and dependable cash, trade and securities

services in the region.

Cash management that supports your bank in Africa

Standard Bank has a long history of providing tailored, end-to-

end cash management services to corporate and institutional

clients, including a range of payment solutions. We work closely

with our global financial institutions clients as a trusted partner

to facilitate transactions that arise out of the combined trade

flows, investment flows and aid-related cash transfers between

Africa and the rest of the world. With a niche focus on financial

institutions and correspondent banking requirements, Standard

Bank has built a client base of global financial institutions that

represent a major share of cash payments flows.

Services are delivered by our highly skilled bank sector/financial

institutions team with sales specialists, a dedicated coverage

group, a centralised client service team, a centralised processing

team and fully functional dual-sited technology. This model

is replicated in other presence countries across the African

continent to ensure you receive consistent service excellence.

Our comprehensive solutions include a range of cash clearing (or

Nostro account) services, for all the domestic currencies in our

presence markets, including currency accounts denominated in

various tradable currencies such as the Chinese renminbi (RMB).

You can choose our centralised offering or direct in-country

offering, with our re-routing capability across the continent

providing direct access to various niche markets without the

need for numerous clearing accounts.

We offer a number of account and liquidity management

services to ensure end-to-end management of your cash across

Africa and have access to the local clearing environments in

presence countries.

It is this unparalleled African value proposition that drives our

strategy to connect Africa with the rest of the world. It gives

greater realisation to our vision to be the preferred regional

provider of cash management products and services in Africa.

Trade finance in, for and across Africa

As a trusted and dependable partner in Africa, we pride

ourselves on the global relationships that we maintain and our

large market for trade finance across Africa. Our teams have the

skills required to develop trade solutions that suit your specific

business needs.

With on-the-ground presence in key countries in Africa,

we provide you with unique insight into the benefits and

risks associated with transacting across the continent.

Our extensive footprint and networks assist with international

transactions into Africa and facilitate trade flows originating

on the continent.

We are trusted partners in facilitating our global correspondents’

trade flows. You can rely on our expertise, skills and knowledge

of the markets where we are present. Our centralised and

dedicated teams work to support your business by improving

efficiencies and managing risk.

Our major African transactional focus is on trade transactions and

trade instruments. As the African bank of choice in these areas,

we partner with correspondents already active on the continent

or offer assistance to new entrants to the market.

Transactional Products and Services for the Bank Sector

12

In using Standard Bank’s trade services, you have access to:

• a specialist African team with strong bank sector expertise

and experience in trade and country risk

• extensive trade lines with various African and global

financial institutions to support trade flows between Africa

and the rest of the world

• the capability of an African bank with a client base of

2 560 global banks, including 350 in Africa

• the preferred supplier for transactional support across a

South African and African network

• our particular strength in commodities, telecommunications,

food and resources, manufactured goods and capital goods

imports into Africa

• a comprehensive range of solutions across key categories of

trade business, including:

- vanilla trade

- documentary credits

- structured trade solutions for banks

- guarantees

- risk mitigation and distribution.

Investor Services – A regional custody network for Africa

Through Standard Bank’s on the ground banking presence in

sub-Saharan Africa, we provide custody and asset servicing

solutions across 14 markets.

In response to client demand and in keeping with our strategic

focus, Standard Bank has developed a regional custody network

to support global financial institutions who wish to invest in

multiple markets across the region

Standard Bank’s regional custody network offering provides

comprehensive custody, settlement and corporate action

services across 14 markets. Access is provided through a single

contract with The Standard Bank of South Africa, supported by a

centralised client relationship model using a shared technology

platform across markets.

A flexible operating model allows clients to choose how they

want to be serviced. Clients can elect to be serviced directly

in country or opt for a more centralised operating relationship

out of Johannesburg with dedicated market specialists in each

country. We are fully ISO15022 compliant, supporting a broad

range of securities and cash SWIFT reporting messages.

Our strength lies in our depth of product offering, integrated

systems platform and breadth of market coverage, and our on-

the-ground expertise and market specialisation enables us to

deliver quality information in a timely fashion to the world’s top

financial institutions in this rapidly developing region.

Standard Bank Investor Services market coverage currently includes:

South Africa, Botswana, Ghana, Kenya, Malawi, Mozambique,

Namibia, Nigeria, *Rwanda, Swaziland, Tanzania, Uganda,

Zambia and Zimbabwe.

The Investor Services product range includes:

• Domestic and regional custody

• Global custody

• Trustee services

• Investment administration

• Securities lending

• Derivatives clearing

• Issuer services

• Transition Management

• Cash management solutions

*Service in Rwanda delivered through a third party agent

Contact us for information on expert transactional products and services in, for and across Africa.

For further information on any of our products and services,

contact: Email: [email protected]

Standard Bank Group Awards and Rankings 2014 – 2015

Banker Africa • Best Regional Bank, Southern Africa

• Best Investment Bank, Southern Africa

emeafinance Achievement Awards

Loans winners • Best syndicated loan house in Africa: Standard Bank

• Best syndicated loan in EMEA: INT/IHS’s US$800mn loan

• Best syndicated loan in Africa: First Quantum Minerals’ US$3bn loan

• Best supranational syndicated loan: Africa Finance Corporation’s US$300mn loan

• Best financial institution syndicated loan: Standard Bank’s US$700mn loan

M&A winners • Best cross-border M&A deal: Woolworths buys David Jones

13

Transactional Products and Services for the Bank Sector

14

Equity capital markets winners • Best equity house in Africa: Standard Bank

• Best IPO in Africa: Seplat

• Best follow-on funding in EMEA: Woolworths’ ZAR9.98bn offering

• Best follow-on funding in Africa: Diamond Bank’s NGN50.37bn offering

Private equity winners • Best private equity exit: Actis exits Umeme

Debt capital markets winners • Best sovereign bond in EMEA: Kenya’s US$2bn issuance

• Best supranational borrower: African Development Bank

Structured Finance • Best structured finance deal in EMEA: Oando Energy Resources’ ConocoPhillips Nigeria acquisition financing

emeafinance

African Banking 2014

• Best Investment Bank in Africa• Best Investment Bank in Angola

(Standard Bank de Angola)• Best Investment Bank in Botswana

(Stanbic Bank Botswana)• Best Investment Bank in Kenya

(CFC Stanbic Bank Kenya)• Best Investment Bank in Mozambique

(Standard Bank Mozambique)• Best Bank in Namibia (Standard Bank

Namibia)• Best Broker in Nigeria (Stanbic IBTC

Stockbrokers)• Best Investment Bank in Rwanda• Best Bank in South Africa• Best Investment Bank in South Africa• Best Broker in South Africa (Standard

Online Stock Trading/SBG Securities)• Best Investment Bank in Tanzania

(Stanbic Bank Tanzania)• Best Foreign Bank in Uganda (Stanbic

Bank Uganda)• Best Investment Bank in Uganda

(Stanbic Bank Uganda)

15

Transactional Products and Services for the Bank Sector

emeafinance

Treasury Service 2014

• Best Treasury Services in Africa• Best Transactional Bank for Financial Institutions

in Africa

emeafinance Project

Finance 2014

• Best project finance house in Africa• Best power deal in EMEA: Kpone IPP in Ghana• Best project finance deal in Africa: Kpone IPP

in Ghana• Best power deal in Africa: Gigawatt gas-fired

power plant in Mozambique • Best sustainability deal in Africa: Lake Turkana

wind farm project• Best water deal in Africa: Rehabilitation of

Luachimo hydroelectric power project in South Africa

• Best social responsibility deal in Africa: Longlake private hospital in South Africa

Euromoney

Awards of Excellence 2014

• Best Investment Bank in Nigeria: Stanbic IBTC

Euromoney’s Real Estate

Survey 2014 – ranked 1st

• Best Bank Overall in Africa

• Best Bank Overall in Nigeria and South Africa

• Best Loan Finance Bank in Africa

• Best Equity Finance Bank in Africa

• Best M&A Advisory Bank in Africa

• Best Loan Finance Bank in Nigeria (Stanbic IBTC)

• Best Equity Finance Bank in Nigeria

(Stanbic IBTC)

• Best Loan Finance Bank in South Africa

Global Finance World’s

Best Emerging Markets

Banks 2015

• Best Bank in Africa

• Best Bank in the Angola

Global Finance World’s

Best FX Providers 2014

• Best FX Provider in Africa • Country awards for Best FX Provider in Kenya,

Nigeria (Stanbic IBTC), Botswana, Zambia and South Africa

Global Finance World’s

Best Investment Banks 2014

• Best in Frontier Markets (Global)• Best Investment Bank in Africa

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Global Finance World’s

Best Trade Finance Banks 2014

• Best Trade Finance Bank in Angola and South Africa

Global Finance World’s Best Treasury and Cash Management Providers 2015

• Best Overall Bank for Cash Management in Africa

• Best Bank for Short-Term Investment/Money Markets in Africa

• Best Treasury & Cash Management Provider in South Africa

Global Finance World’s Best Sub-Custodian Banks 2014/2015

• Best Sub-Custodian Bank in Africa• Best Sub-Custodian Bank in

Mozambique• Best Sub-Custodian Bank in Namibia• Best Sub-Custodian Bank in Nigeria

Global Investor 2014 • Ranked 1st for sub-custody in Kenya• Ranked 1st for sub-custody in Namibia• Ranked 1st for sub-custody in Nigeria• Ranked 1st for sub-custody in

South Africa• Ranked 1st for sub-custody in Swaziland• Ranked 1st for sub-custody in Zimbabwe

GTR Leaders in Trade 2014 • Best Trade Finance Bank in Sub-Saharan Africa

PFI Awards 2014 • Best Bank in Middle East and Africa • African Renewables Deal of the Year –

Lake Turkana• African Power Deal of the Year -

CenPower

Risk Awards 2014 • Global Emerging Markets Dealer of the Year

Sunday Times/TNS

Top Brands survey 2014

• Ranked 1st in the consumer banking category in South Africa

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The Banker

Deals of the Year for Africa 2015

• Africa – Islamic Finance: South Africa $500m Sovereign Sukuk

• Africa – M&A: Woolworths’ acquisition of David Jones

• Africa – High Yield and Leveraged Finance: Metair’s R1.2bn in Pref shares and R750m senior revolving credit facility

• Africa – Infrastructure and Project Finance : Funding for $623m Lake Turkana wind farm

• Africa – Securitisation and Structured Finance: $800m Facility for INT Towers Ltd

The Banker Investment Banking

Awards 2014

• Most Innovative Investment Bank from Africa

BATSETA Council of

Retirement Funds for

South Africa

• Custodian of the year 2015

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Authorised financial services and registered credit provider (NCRCP15)The Standard Bank of South Africa Limited (Registered Bank) Reg. No. 1962/000738/06 SBSA 181206-7/14

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