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1tuli said the prayer was a success as the present memEers were addressed Ey 3resident and former 6iphofaneni 0emEer of 3arliament 03 0dudu]i µ*awu]ela¶ 6imelane virtually
7he treasurer said during the prayer,
MBABANE - Chief Executive for Africa Regions at Standard Bank Group Yinka Sanni has observed the need to revisit the regulation of small and niche banks.
+e made these remarks at 6tandard %ank¶s African &entral %anks &on ference A&%& in -ohannesEurg, this week
7he event was attended Ey high pow ered central Eankers from across the continent on 0arch and , hosted Ey the 6tandard %ank *roup at the Af rica &entral %anking &onference
7he collapse of 6ilicon 9alley %ank and 6ignature %ank, as well as the resulting downturn for international Eanks ± put the gloEal spotlight on the effective governance of financial insti tutions and the role that central Eanks have to play in ensuring the viaEility and sustainaEility of Eanks
7his was a central topic of discussion at the A&%& 7he two day summit also focused on the deEates regarding 5e
The Standard Bank Group is the largest African bank by assets, operating in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB.
Standard Bank has a 160-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.
Its strategic position – which enables the bank to connect Africa to other, select emerging markets as well as pools of capital in developed markets – and its balanced portfolio of businesses provide significant opportunities for growth.
The group has over 46,000 employees, excluding Liberty, more than 1,143 branches and over 6,600 ATMs on the African continent, which enables it to deliver a
serve 0anagement, )in7ech and &en tral %ank 'igital &urrency &%'& In addition, the event provided a platform to discuss key themes within the Eroad er monetary policy environment, eco nomic development, financial markets staEility, social justice and environment sustainaEility and how stakeholders complete range of services across personal and business banking, corporate and investment banking and wealth management.
The Standard Bank Group Limited (SBG or Group) headline earnings for the 12 months to 31 December 2022 (FY22) were R34.2 billion demonstrating strong growth when compared to R25 billion in 2021. Higher profits and capital optimisation supported a greater return on equity (ROE) of 16.4% for 2022. The Group recorded continued positive momentum and client franchise growth across all its segments and geographies.
The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. In addition, the Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and other emerging markets.
can respond to and provide solutions to the shared challenges
7he event hosted central Eank gover nors, deputy governors and other high powered delegates including ministers and directors from key economies in Africa, including 6outh Africa, /eso tho, (swatini, 8ganda, Angola, 1igeria