Euromoney Global Real Estate Awards 2023: Africa’s best bank – Standard Bank Group
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Awards

Euromoney Global Real Estate Awards 2023: Africa’s best bank – Standard Bank Group

Standard Bank Group (SBG), Africa’s largest bank, completed real estate transactions in many countries during the review period. It extended 20 new facilities totalling $249.05 million to both existing and new clients, and 13 refinancings totalling $408.8 million to existing clients.

Funding was provided across different real-estate sectors, including retail, industrial, residential, mixed-use and commercial offices.

The bank has continued to build its portfolio of environmental, social and governance-qualified loans with 12 additional facilities valued at $570 million, taking its total ESG portfolio to nearly $1 billion from inception in 2021.

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Standard provided a social loan for Growthpoint's student accommodation developments

ESG activities include green loans, sustainability and social-linked facilities.

On the social-impact front, the bank deployed the first social loan in the real-estate space in South Africa with a $35 million loan structure for Growthpoint’s purpose-built student accommodation.

SBG

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