The bank aspires to be a leading emerging market financial services organization. Standard Bank Group is one of the big four full-service South African banks. The group operates in a range of banking and related financial services. The group has a wide representation which spans 17 African countries and 16 countries outside of Africa with an emerging market focus. Standard Bank has more than 6,500 points of representation on the African continent.The Standard Bank Group is the largest South African banking Group ranked by the assets and earnings. The group had total assets of over R 1,345 billion (approximately USD 182 billion) at 31 December 2009 and employed more than 50,000 (including Liberty) people worldwide. Standard Bank’s market capitalization at 31 December 2009 was R 159 billion (approximately USD 22 billion).
Standard Bank and Sustainability
Building sustainability thinking into the way Standard Bank Group does business is less about drastic changes in what the bank does and more about understanding the linkages between our its operations, the emerging markets communities in which the bank operates and global pressures. Standard Bank began its sustainability reporting journey in 2002 and has used the Global Reporting Initiative (GRI) G3 Reporting Guidelines including the Financial Services Sectors Supplement indicators as a guide when reporting.