Platinum Circle, the world’s leading business group and Standard Bank DRC, a member of Standard Bank Group, one of Africa’s largest financial services group, today announced a strategic partnership that will place Africa on the agenda of corporations, governments and intergovernmental organizations involved in the Future Global 100 (FG100) Initiative.
Established by Platinum Circle in 2011, the FG100 Initiative is a global program that shapes the future of the global economy, national markets, business and industries through the collective input of leaders from business, governments and intergovernmental organizations. This highly valued Initiative on the Future has since gathered more than 700 leaders representing 55 markets, from over 400 organizations and 80 government and intergovernmental organizations to chart the Future Global Agenda.
Standard Bank will be working closely with Platinum Circle to anchor the FG100 Initiative in Africa and spearhead the Inaugural Africa Meeting in 2014, bringing top African leaders together with their international peers.
“Standard Bank has been in the African market for 150 years and is now purely African focused with a tremendous emphasis on strategic pillars of global economic growth such as natural resources,” said Mr. Eric Mboma, CEO of Standard Bank DRC. “Taking this step with Platinum Circle is a natural extension of our corporate strategy - being competitive, creative, yet remaining extremely disciplined in the execution of our solutions to meet fast-growing demand from corporate clients all over the continent.”
“I am pleased to welcome Standard Bank to our globally recognized and exclusive community of leaders involved in Platinum Circle and as our strategic partner for the FG100 Initiative in Africa. I am excited by our shared vision of shaping the future of Africa through high-level dialogue and action. We will be working closely to raise the voice of Africa, encourage business and trade flows and support the growth of future global companies from Africa into international markets”, said Mr. Lionel Lee, Chairman of Platinum Circle.
“The FG100 Africa Meeting will be a unique platform for both Standard Bank and forward-thinking peers to uncover how Africa can best engineer sustainable growth for the continent and explore what tremendous untapped pockets of growth this frontier economy has, that remain unlocked,” said Mr. Mboma. “Standard Bank shares a common agenda with Platinum Circle. As we actively support the FG100 Initiative, Standard Bank is uniquely positioned to contribute towards a successful FG100 Africa Meeting in Kinshasa in late July 2014.”
The strategic partnership between Standard Bank and Platinum Circle will pave the way for implementing the FG100 Initiative into Africa, consisting of a grouping of FG100 African Leaders (made up of local and foreign corporations and government), FG100 Africa Meeting and a Future of Africa Report which will serve as an important forward-looking reference for foreign business and government leaders regarding Africa’s economic outlook and operating environment.
About Standard Bank DRC
Standard Bank Group, the largest banking group in Africa by market capitalisation with a 20% shareholding from the largest Chinese Bank the Industrial and Commercial Bank of China (ICBC), has been present in the DRC since 1992 when it purchased ANZ Grindlays Zaire established back in 1973. In the DRC, the local bank trades under the name of “Standard Bank RDC” and employs over 100 people. We offer products and services through our branches in Kinshasa, Lubumbashi, Kolwezi, Goma and Matadi as well as in the entire DRC through a network of local intermediaries as follows:
• In areas where there are banks present, our clients can cash cheques or effect deposits at our partners’ counters as they would at our own counters.
• In areas without any banking presence, we have partnered with Money Transfer companies. Clients simply instruct us and we process transactions on clients’ behalf whilst retaining all the associated risks until payment is confirmed.
As one of Africa’s largest countries, the DRC’s transition to stability is set to encourage substantial trade and investment, with significant potential in the following sectors mining, infrastructure, telecoms, transport, power and agribusiness.
Our in-country teams combine their in-depth understanding of the DRC’s market conditions and drivers with Standard Bank Group’s emerging markets expertise, to develop client-focused solutions that meet each client’s individual needs. We have particular experience in servicing the needs of mining companies, multinationals, United Nations (UN) and international organisations operating within the DRC.
We offer a finite range of products and services including transactional services and provide financing solutions and risk management solutions in foreign exchange, interest rates and placements to cater for corporate treasury requirements.
Recent Awards & Accolades
• Awarded “Best Bank” in the DRC in 2007 and 2008, by The Banker Magazine for its financial results and overall achievements.
• Received the “2010 USD Straight-Through Processing (STP) Excellence Award” from Deutsche Bank for the exceptional quality of its USD payment messages.
• Awarded “Best Bank” in DRC in 2011 by Global Finance Magazine. Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
• Awarded "Best Bank" in DRC in 2013 by Global Finance World’s Best Banks 2013
About Platinum Circle (‘PC’)
Platinum Circle (platcircle.com) is a leading global business group involving corporations with annual revenues exceeding USD$100 million, governments and inter-governmental organisations in Asia Pacific, Middle East, Africa, Latin America, America and Europe.
Supported by business and government leaders from more than 20 industries and 55 markets, we are also one of the most influential international business communities with more than 1,000 corporations with combined annual revenues exceeding USD$3 trillion.
Together with our Partners and Board, Platinum Circle is building the world’s most connected business group of more than 5,000 organizations from the six continents.