STANDARD BANK GROUP ANNUAL FINANCIAL STATEMENTS ANNUAL FINANCIAL STATEMENTS 2018
Annexure A – Subsidiaries, consolidated and unconsolidated structured entities
The diagram depicts principal subsidiaries only. A full list of the group’s subsidiaries and consolidated structured entities is available at the company’s registered office. The holding in subsidiaries is 100% unless otherwise indicated.
STANDARD BANK GROUP1
The Standard Bank of Melville Douglas Stanbic Africa Holdings, South Africa1 Investment Management1 UK
Blue Managers1 Standard Insurance1 Stanbic Bank (Botswana)
Diners Club (S.A.)1 Stanbic Bank Ghana (99.54%) Standard Trust1 SBG Securities Ghana Standard Bank Insurance Brokers1 1 Stanvest Standard Holdings Côte d’Ivoire (99%)
Stanbic Bank, SBG Securities1 Côte d’Ivoire (99%)
Stanbic Bank Tanzania (99.99%) Standard Bank Properties1 Stanbic Bank Holdings Limited (80%)6
Standard Lesotho Bank Stanbic Bank Zambia (99.99%) (80%) Stanbic Holdings, Kenya (69.05%)3
Standard Bank Namibia2 •Stanbic Bank Kenya •Stanbic Insurance Agency
Standard Bank Swaziland Stanbic IBTC Holdings, Nigeria (72.22%) (65.35%)4 Stanbic IBTC Bank (99.99%)
Standard Bank de Angola (51%) Stanbic Bank Zimbabwe
Standard Bank RDC, DRC (99.99%) Standard Advisory (China) Standard Bank, Malawi (60.18%)
Standard Advisory Standard Bank (Mauritius) London, UK Standard Bank S.A. Mozambique (98.15%)5
1 Refer to footnote on page 121. Standard New York, USA
120 STANDARD BANK GROUP1
Standard Bank London Standard Bank Offshore Liberty Holdings1 Holdings, UK Group, Jersey (53.62%)
1 Standard Advisory Asia, Hong Kong Standard Bank International Liberty Group Investments, Jersey
•Frank Life1 Standard Bank Offshore Trust •Liberty two degrees1 Company Jersey (58.46%)7
Standard Bank Isle of Man Liberty Group Properties1
Standard Bank Trust Company (Mauritius) Liberty Holdings Namibia (75%)
Standard Bank Jersey Liberty Kenya Holdings (57.74%)
STANLIB1
• 1 Standard Bank STANLIB Asset Management •STANLIB Collective Group International, Investments1 Isle of Man •STANLIB Fund Managers Jersey •STANLIB Multi-Manager1 SBIC Finance, Isle of Man •STANLIB Wealth Management1
Stanbic International Insurance, Isle of Man
Standard Finance, Isle of Man
1 Incorporated in South Africa. 2 Standard Bank Group legally owns 90% of SBN Holdings in Namibia but consolidates 100% due to the degree of control it retains over its empowerment structure. 3 Change in holding from 60% to 69.05%. The diagram above depicts principal subsidiaries only. 4 Change in holding from 53.07% to 65.35%. A full list of the group’s subsidiaries and consolidated 5 Change in holding from 98.14% to 98.15%. 6 Previously known as Stanbic Bank Uganda. structured entities is available at the company’s registered 7 Change in holding from 62.73% to 58.46%. office. The holding in subsidiaries is 100% unless otherwise indicated.
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