Standard Bank Namibia

Standard Bank Namibia Limited
Company typePublic
NSX: SNO[1]
IndustryBanking
Finance
FoundedAugust 15, 1915; 109 years ago (1915-08-15)
Headquarters1 Chasie Street
Kleine Kuppe
Windhoek
Namibia
Key people
Herbert Maier (Chairperson)
Mercia Geises (CEO, managing director)
ProductsCommercial and Investment banking
NAD:361,882,000 (US$:25,576,700) (2020)[2]
Total assetsNAD:33,309,509,000 (US$2,354,220,000) (2020)[2]
Number of employees
1,900+ (2019)
Websitestandardbank.com.na

Standard Bank Namibia Limited, commonly referred to as Standard Bank Namibia, is a Namibian commercial bank. It is licensed, supervised and regulated by the Bank of Namibia, the central bank and national banking regulator.[3] Since 19 November 2019, the stock of the holding company of this bank, going by the name Standard Bank Namibia Holdings Limited is listed on the Namibian Stock Exchange (NSX), where it trades under the symbol SNO.[4][5]

SNO and its subsidiaries are members of the Standard Bank Group, a financial services conglomerate, headquartered in South Africa, with subsidiaries in 20 African countries, and with total assets worth nearly US$143 billion, as of 31 December 2020.[6]

Overview

Standard Bank Namibia Limited is a large financial services organisation in Namibia. As of 31 December 2020, SNO had assets valued at NAD:33,309,509,000 (US$:2,354,220,000), with shareholders' equity of NAD:3,720,927,000 (approximately: US$262,984,000). At that time, the institution employed in excess of 1,500 people in 63 interlinked brick-and-mortar branches and maintained 372 automated teller machines.[2]

Ownership

The shares of stock of Standard Bank Namibia Holdings Limited are listed in the Namibian Stock Exchange, where they trade under the symbol SNO. The ownership in the company stock is as illustrated in the table below:[7]

Standard Bank Namibia Holdings Limited Stock Ownership
Rank Name of Owner Percentage Ownership Notes
1 Standard Bank Group
75.9
 [7]
2 Public and Private Investors via the NSX
24.1
 [7]

Governance

As of May 2021, the chairman of the Board of Directors of Standard Bank Namibia Holdings Limited, is Herbert Maier, a non-executive director. The managing director and chief executive officer is Mercia Geises.[5][6]

See also

References

  1. ^ "Listed Companies".
  2. ^ a b c Standard Bank Namibia (24 March 2021). "Standard Bank Namibia Limited: Annual Report For Twelve Months Ending 31 December 2020" (PDF). Windhoek: Standard Bank Namibia Limited. Retrieved 8 May 2021.
  3. ^ Bank of Namibia (8 March 2021). "Licensed Commercial Banks In Namibia". Windhoek: Bank of Namibia. Retrieved 8 May 2021.
  4. ^ Namibian Stock Exchange (8 May 2021). "Listed Companies on the Namibian Stock Exchange". Windhoek: Namibian Stock Exchange. Retrieved 8 May 2021.
  5. ^ a b New Era (19 November 2019). "Standard Bank listing increased NSX market cap by N$4.6 billion". New Era. Windhoek. Retrieved 8 May 2021.
  6. ^ a b Standard Bank Group (10 March 2021). "Standard Bank Group: Annual Financial Statements For The Year Ending 31 December 2020" (PDF). Johannesburg: Standard Bank Group. Retrieved 8 May 2021.
  7. ^ a b c Standard Bank Namibia (March 2020). "Standard Bank Namibia Holdings Annual Report 2019" (PDF). Windhoek: Standard Bank Namibia Limited. Retrieved 8 May 2021.

22°37′16″S 17°05′31″E / 22.62111°S 17.09194°E / -22.62111; 17.09194