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Standard Chartered South Africa, whose full name is Standard Chartered Bank South Africa, often referred to as Stanchart South Africa, is a commercial bank in South Africa. It is a subsidiary of British Standard Chartered and is registered as a Foreign Bank, by the South African Reserve Bank. [1] The bank is a large financial services provider.
This is a list of commercial banks and other credit institutions in South Africa, as updated late 2024 by the Reserve Bank of South Africa. [ 1 ] [ 2 ] List of commercial banks
The last remaining cinema had closed in the 80s. Northmead Square is a community centre that services people within a 5 km radius, though because it has regional branches of three of South Africa's banks (FNB, Nedbank and Standard Bank) members of the public do come from greater distances. Family-run and maintained by the Coutsides family ...
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First National Bank (South Africa) Indo-Zambia Bank Limited; Zambia Industrial Commercial Bank; International Commercial Bank; Investrust Bank; Stanbic Bank; Standard Chartered Bank (Zambia) United Bank for Africa [114] Zambia National Commercial Bank
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
Today, the Standard Bank name is used by the South African group, which has expanded outside South Africa, including forming a subsidiary in the United Kingdom known as Standard Bank London. The original 1862 company changed its name in 1985 from Standard Bank PLC to Standard Chartered Bank Africa PLC, and is now named Standard Chartered Africa ...
Standard Chartered Bank had sold its shares in Standard Bank of South Africa to the bank's existing shareholders in 1987 to escape anti-apartheid sanctions against South Africa. In 2000, ANZ sold its Grindlays subsidiary to Standard Chartered for US$1.34 (A$2.2) billion in cash, [13] which merged it with its existing banking operations.