Standard Bank Group Limited is a leading multinational financial services group headquartered in Johannesburg, South Africa. It offers comprehensive banking, investment, and wealth management services to retail, corporate, and institutional clients.
The company's main activities include personal banking, business banking, corporate and investment banking, as well as insurance and asset management. It operates primarily across the African continent with a strong focus on emerging markets.
Standard Bank maintains a network of branches and operations in numerous countries including South Africa, Mozambique, Angola, Nigeria, and Kenya. It is part of the Standard Bank Group, which is listed on the Johannesburg Stock Exchange and has minority stakes held by international investors.
With a history dating back to the 19th century, the group has grown through organic expansion and acquisitions to become a key player in African finance. Its ownership structure features significant shareholding by the Industrial and Commercial Bank of China, reflecting its global connections.
In the industry, it ranks among the top banks in Africa by market capitalization and assets, playing a vital role in financing large-scale projects such as liquefied natural gas developments in Mozambique, contributing to economic growth and employment in the region.
Also known as Stanbic Bank.
LOI covers limited engineering and procurement to advance project definition toward a 2026 FID; Phase 1 targets 18.6 mtpa from 12 modular trains with start-up in 2031.
