Standard Chartered Bank
Standard Bank Group is the largest African bank by assets and earnings, with total assets of R1,694 billion ($162 billion); headline earnings of R17,194 million ($1.8 billion), a market capitalization of R209.4 billion ($20 billion) and a Tier 1 capital adequacy ratio of 13.2% at 31 December 2013. Standard Bank Group has a 151-year history in South Africa, and started expanding beyond southern Africa in the early 1990s. The Group employs approximately 49,000 people, working in 20 African countries and in the major global financial centres, including London, New York and Beijing. The Group offers a full range of banking and other financial services and owns a controlling stake in South African listed insurance company Liberty Holdings. Standard Bank Group operates as three business units: Personal & Business Banking, Corporate & Investment Banking and Wealth - Liberty. The Group's strategy is to build the leading Africa-focused financial services organization. It focuses on delivering superior sustainable shareholder value by serving the needs of customers through first-class, on-the-ground operations in chosen countries in Africa.