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History

The Standard Bank Group ("GSB") is the biggest banking and financial institution in Africa.

The Standard Bank Group - Global Network

The Standard Bank Group ("SBG") is Africa's largest banking and financial services institution.

The holding company is based in Johannesburg. South Africa, and is listed on the Johannesburg Stock Exchange as Standard Bank Group Limited.

The Standard Bank Group - Africa Network

Stanbic Africa Banking Group ("Stanbic Africa") has banks in 19 other African countries outside South Africa, making it one of the largest banking operations on the continent. The services provided by the various Stanbic Africa operations range from retail banking to corporate and project finance, treasury, trade finance and commercial banking.

Standard Bank Group - Mozambique

Standard Bank SARL ("SBM") has an extensive track record and is regarded as one of the local market leaders. It has been operating in Mozambique for over 121 years.

Network

SBM's network is one of the widest in the country. It covers every major city and town in Mozambique, has 34 branches.

Events & Social Responsabilities

Webinar: Foreign Exchange Regulation and Marketing Overview

Standard Bank recently promoted a virtual seminar (webinar) about the Regulation of Opening and Operating Accounts in Foreign Currency (Notice 10/GBM/19) in order to explain to its clients the changes that this instrument, approved by the Bank of Mozambique, introduces, as well as its implications, mainly in foreign operations.

NOTICE: Prohibition of external receipts via SWIFT MT103 in national currency

Please note that the Bank of Mozambique has communicated on the 10th June 2020 all commercial banks to not process inward payments in local currency, as they must be remitted to Mozambique in foreign currency, despite the beneficiary account being in MZN or in foreign currency.