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 corporate & institutional 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.
Standard Chartered South Africa focuses on its successful Corporate & Institutional Banking strategy, offering corporates and multinationals support in cross-border capital, investment opportunities, assistance with expansion into new markets and facilitation of strategic partnerships. Standard Chartered South Africa has three operational regional centres: in Johannesburg, Cape Town and Durban. Standard Chartered South Africa offers full commercial banking services in the country, including: Transaction Banking; Capital Markets; Project & Export Finance (Telecoms & Infrastructure, Mining & Metals); Corporate Advisory & Finance (M&A); Private Equity; Agricultural Finance; Financial Institutions; Corporate & Institutional Clients and Financial Markets.