Standard Bank PLC provides banking and other related services in Malawi. It operates through Corporate and Investment Banking, Treasury and Capital Management, Personal and Private Banking, and Business and Commercial Clients segments. It offers current, fixed deposit, call, SME, and contract save accounts; fixed term, home, pay day, revolving term, business revolving credit, business term, commercial property, medium term, and working capital loans; business overdraft; and trade, and vehicle and asset financing services. The company also provides debit cards; bancassurance products; investment products and advisory services; offshore banking services; and ATM, Internet, telephone, and electronic banking services. In addition, it offers corporate and investment banking products and services comprising foreign exchange services, commodities, debt securities, and equities trading services; transactional banking, trade finance, and investor services; and equity investment, advisory, project finance, structured finance, structured trade finance, corporate lending, primary market, acquisition and finance, property finance, and asset and wealth management services to larger corporates, financial institutions, and international counterparties. The company was incorporated in 1969 and is based in Lilongwe, Malawi. Standard Bank PLC operates as a subsidiary of Stanbic Africa Holdings Limited.
It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
The market has climbed 5.2% in the last 7 days, lead by the Financials sector with a gain of 6.5%. The market is up 219% over the last 12 months. Market details ›