Standard Bank Group Officially Launches Its Representative Office in Egypt

Cairo, Egypt – 12 November 2025 :

Standard Bank Group, Africa’s largest financial institution by assets, has announced the official launch of its Representative Office in Egypt during an event held at the Pyramids of Giza in Cairo. The Group’s Representative Office will strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East, recognising Egypt’s role as a vital gateway in Africa’s north-south trade corridor.

Strategic Expansion

Sim Tshabalala, Chief Executive of Standard Bank Group, said: “This expansion reflects Standard Bank’s belief in Egypt’s growing role as an investment and logistics hub, aligned with the country’s Vision 2030 and Africa’s broader development agenda. Our new Representative Office will act as a vital conduit to connect Egyptian corporates, investors, and multinationals with opportunities across Standard Bank’s footprint spanning 21 countries in Africa.”

Supporting Egyptian Businesses

Through its Egypt office, Standard Bank aims to deepen its purpose of driving Africa’s growth by supporting Egyptian businesses expanding across the continent and enabling global multinationals to invest in Egypt’s dynamic economy.

Financial Cooperation

Speaking at the launch event, Luvuyo Masinda, Chief Executive of Corporate and Investment Banking (CIB) at Standard Bank Group, said: “Through our presence in Egypt, we aim to foster stronger financial cooperation, provide on-the-ground market intelligence, and support clients seeking to expand their operations between Egypt and Sub-Saharan Africa, as well as the Group’s international offices in Dubai, Beijing, New York and London. This is a pivotal milestone in accelerating regional integration and unlocking continental growth through sustainable investment and expanded trade.”

African Expertise

Dr Rassem Zok, Chief Executive MENA and Chief Representative Officer Egypt Office, adds that: “With over 163 years of connecting Africa to global markets, Standard Bank brings a unique combination of local insight and pan-African expertise, empowering clients in Egypt to seize new opportunities while navigating the evolving regional landscape. Standard Bank continues to play a key role in facilitating trade and investment across Africa’s fastest-growing economies, other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses provides significant opportunities for growth.”

MENA Strategy

Standard Bank’s Egypt office complements its Middle East and North Africa (MENA) strategy, which began in the UAE in 1997, and since spearheaded by a 20-year Dubai International Finance Centre (DIFC) presence and operation. This reinforces the Group’s position as a leading enabler in the Gulf-sub-Sahara Africa trade and investment corridor.

About Standard Bank Group

The Standard Bank Group is the largest African bank by assets, operating in 21 African countries, 4 global financial centres and 2 offshore hubs. Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB. Standard Bank has a 163-year history in South Africa and started building a franchise outside southern Africa in the early 1990s. As at 30 June 2025, Standard Bank Group had 19.2 million clients, employed over 50 000 people and had over 1 180 points of representation and over 5 400 ATMs across the African continent. The group’s largest single shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, holding just under 20% of Standard Bank’s shares. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

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