Standard Bank, previously known as the Commercial Bank of Malawi, was registered as a commercial bank on 15 March 1969. The start-up share capital was K2.5 million and the founder shareholders were the Malawi Development Corporation (20%), Press Holdings Limited (20%) and Banco Pinto Sotto Mayor (60%). The first branch was opened in Limbe on 11 April 1970.
What does this mean for a brand that is 155 years old? It means that we know, understand and believe in Africa and all her opportunities. We see the potential it has for our people, our customers, entrepreneurs and those who are as passionate about investing in Africa as we are. Our family extends across 20 countries in sub-Saharan Africa and we nurture some of the most skilled, innovative and creative minds in the industry.
Our purpose is to drive Africa’s growth, we are a catalyst for inclusive and sustainable economic growth in the countries we operate and we make life better for our fellow Africans by doing business the right way.
We’re more than a bank, we’re a trusted partner who is constantly raising the bar to do better and be better. It’s time to join us, together we can move Africa forward and make progress real for all who call Africa home
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