Andrew
Online Reporter
Stanbic Bank’s parent company, Standard Bank Group, has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands.
This comes after the bank increased its brand value by 26 percent to US$1,6 billion.
Its assets jumped 17 places to rank 145th globally as a result.
For a third consecutive year, Standard Bank has also increased its reputation score above the South African banking sector average, according to Brand Finance’s Global Brand Equity Monitor.
Standard Bank group chief executive Mr Sim Tshabalala said:
“We are delighted by our brand’s performance as it spotlights the hard work undertaken over the past few years to radically overhaul our business model and transform experiences for clients.
“The group has invested heavily in disruptive technologies to provide our clients with banking, asset management and insurance solutions to enable them to achieve their unique goals and ambitions.”
Standard Bank recently reached the 10 million customer mark in South Africa.
Online Reporter