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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Standard Bank Group Ltd    SBKJ   ZAE000109815

STANDARD BANK GROUP LTD (SBKJ)
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Standard Bank : Stanbic Bank Turns Home Ownership Dreams into Reality

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06/19/2018 | 11:29am CEST

As the financial services partner of choice, the Bank has embarked on a customer experience-focused drive designed to make home loans more affordable for Batswana.

In an unconventional move that adds even greater value for the customer, the Bank has pledged to cover valuation and bond registration costs.

“We are constantly searching for ways to make banking a pleasant experience for our customers.

We realise the importance of safeguarding your family’s future and our offer is just one step in that direction, as we strive to make the dream of home ownership a reality, and the journey towards that dream a seamless one.

We strongly believe that Botswana is our home, and we drive her growth, and work to demonstrate this at every turn, ensuring that all our customers are given an equal opportunity to own a home.

We remain, always, true to that belief, and our commitment is unwavering,” said Wabo Moswate, Head of Products at Stanbic Bank Botswana.

Stanbic Bank will pay for customer’s valuation and bond registration fees, which in turn will make it less costly for customers to acquire property.

This makes the process of owning a home simpler and more affordable in many regards.

Stanbic Bank Botswana is a mortgage lender, with a unique value proposition that is directed towards outright

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purchases, home loan take-overs from other banks and home loan top ups.

Further, Stanbic Bank believes that since Botswana affords all its citizens the opportunity to own their own home by receiving a piece of tribal land, the trend of home ownership is one that continues to grow.

A home means stability, it means security, comfort, joy and endless possibilities, and a financial services partner ought to help make this a reality.

This view aligns with the Bank’s vision to serve as a universal financial services organisation that delivers, seamlessly, full suite of product and services.

“We are a bank that meets customer needs and creates value for them.

We understand that we have a responsibility to go beyond banking by providing exposure, information and expertise to our clients, to foster an environment that facilitates their growth and success.

As a team, we constantly look for ways to move Batswana further forward.

What better way to do so, than to help them turn their dream of owning a home into a reality? Helping Batswana to own homes is just another example of our effort to place the needs of our customer at the forefront of what we do.

We pride ourselves in being a customer-centric bank that changes lives for the better,”concluded Moswate.

(c) 2018 - Dikgang Publishing Company Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( ZAR)
Sales 2018 111 B
EBIT 2018 44 447 M
Net income 2018 28 260 M
Debt 2018 -
Yield 2018 5,12%
P/E ratio 2018 10,83
P/E ratio 2019 9,77
Capi. / Sales 2018 2,81x
Capi. / Sales 2019 2,54x
Capitalization 312 B
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Mean consensus HOLD
Number of Analysts 12
Average target price 215  ZAR
Spread / Average Target 13%
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Managers
NameTitle
Lungisa Fuzile Chief Executive Officer
Thulani Sikhulu Gcabashe Chairman
Arno Daehnke Group Financial Director & Executive Director
Alpheus Mangale Group Chief Information Officer
Myles J. D. Ruck Independent Non-Executive Director
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