Standard Bank (Mauritius) Limited is a wholly owned subsidiary of the Standard Bank Group which has a legacy of 150 years. Standard Bank Group is listed on the JSE Limited and the Namibian Stock Exchange. The group is the largest African bank by assets and earnings.
Normalised headline earnings as at 31 December 2011 were USD1.9 billion and Total Assets were over USD 185 billion and we employed more than 52 000 people worldwide. The Group has a wide global representation with a focus on Africa. Its operations span 18 African countries and 13 countries outside of Africa.
Standard Bank Group entered in a strategic partnership with the Industrial and Commercial Bank of China (ICBC), the world largest bank by market capitalization. ICBC took a 20% stake in Standard Bank Group in 2008. The partnership between leaders from two emerging market regions will drive new business opportunities.
Standard Bank has been present in the Mauritian banking sector since 2001. Today the Bank is a major player in its targeted segments. It provides Corporate and Investment Banking and Wealth Management services to multinationals, government and institutional organisations, management companies, listed companies, funds and regional corporate as well as individuals.
Our strategy is to build the leading Corporate and Investment Bank using all our competitive advantages to the full. We will focus on delivering superior sustainable shareholder value by serving the needs of our customers through first-class, on-the-ground operations in chosen countries in Africa. We will also connect other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. Our key differentiator is people who are passionate about our strategy, wherever in the world they are base.
Standard Bank (Mauritius) Limited combines the advantages of the business friendly environment of Mauritius, the expertise of a rich in-country talent base and the synergy within its global distribution network to provide differentiated banking services to its targeted customers.