Press release
Page 1
Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa JSE and A2X share code : SBK ISIN : ZAE000109815 NSX share code : SNB SBKP ZAE000038881 ( First preference shares ) SBPP ZAE000056339 ( Second preference shares ) JSE bond code : SBKI ( " Standard Bank " or " the group " ) Standard Bank Group Strategic Update event Standard Bank will host a strategic update event via webcast for investors and analysts today , 20 August 2021. During the webcast , members of the Group Leadership Council will outline the Group's 2025 Ambition and provide an update on its client segment and capability strategies and guidance on future financial targets . Prepared presentations will begin at 11:00 a.m. ( SAST ) followed by a Q & A session . Standard Bank Group 2025 Ambition Standard Bank has made significant structural changes to better serve clients , and as of this year is primarily organised into three client segments : Consumer and High Net Worth clients ; Business and Commercial clients ; and Wholesale clients . The Client Segments are supported by its Client Solutions , Engineering , and Innovation capabilities . These shifts have allowed the group to realise a more integrated and seamless delivery of financial services to our diverse client base , reduce time and cost to serve , and to innovate more quickly and efficiently . This operating structure will enable Standard Bank to transform from its current state as a trusted financial services provider across sub - Saharan Africa , to achieve its 2025 Ambition of being a platform business . By building out from its solid foundation in traditional financial services , the group will meet its clients on the digital platforms where they are shopping , socialising and doing business . Standard Bank will accomplish this by driving or contributing to " ecosystems " - coordinated networks of participants and devices , combining its own offerings with those of partners , enabling clients and producers to fulfil a broad range of needs seamlessly . The group has identified and prioritised 10 ecosystems that it will drive or contribute to , that are closely adjacent to what it already does in traditional financial services , and where it can add value based on existing capacities and expertise . Standard Bank's three strategic priorities underpin everything it does , narrowing its focus and increasing execution speed and impact : 1 . 2 . 3 . Transform client experience : Standard Bank will aim to understand its clients as deeply and empathetically as it can , and then to use human skill and digital capacities to help meet their needs and to enable them to achieve their goals . Execute with excellence : Standard Bank will deliver innovative and cost - effective products and services itself and in partnership with others . Drive sustainable growth and value : Enabled by the first two strategic priorities , the group will deliver sustainable growth and value - to mean both ' long - term ' and ' environmentally and socially sustainable . ' Standard Bank has an almost 160 - year history of serving clients and supporting economic development in Africa . The group is the largest financial services group on the continent , with powerful scale