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.

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.

Growthpoint-Apex student accommodation.jpg
Standard provided a social loan for Growthpoint’s student accommodation developments

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

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access