The Bank’s history in South Africa dates back to 1862 from our previous shareholding in Standard Bank of British South Africa. In 1969 the Bank merged its two shareholdings in Standard Bank of South Africa and Chartered Bank of India to create the consolidated brand, ‘Standard Chartered Bank’. In 1987 Standard Chartered divested from South Africa in support of the call for change, but later returned as an independent entity with a representative office in 1992.
In July 2003, Standard Chartered acquired a full service banking licence, and has since embarked on a very positive journey that today positions the South African business as a leading international bank with a wholesale banking focus. Leveraging our unique footprint and international banking expertise in Africa, Asia, and the Middle East, Standard Chartered offers unparalleled support for South African companies and multinationals.
In addition to the branch’s commercial banking offering, South Africa hosts several regional ‘centres of expertise’ which comprise of specialist teams who not only offer their expertise to corporates based in South Africa, but also to those who operate across the African continent. These regional centres of expertise include: Project & Export Finance, Private Equity, Corporate Advisory & Finance, Agricultural Finance and Corporate Transaction Banking.