The Standard Bank of South Africa Limited (hereinafter referred to as “Standard Bank”) is one of the four major banks in South Africa. Due to its long history of business, it is competitive locally. Its controlling shareholder, Standard Bank Group Ltd. (hereinafter referred to as “Standard Bank Group”) is the largest commercial bank group in South Africa and Africa as a whole, with strong overall strength. In recent years, Standard Bank has established sound risk management mechanism and develops its businesses steadily. Its scope of business covers traditional commercial banking businesses and investment banking businesses. It boasts strong comprehensive financial services. The strategic cooperation plan signed with ICBC will promote the development of RMB businesses of Standard Bank. It enjoys constantly increasing operating revenue and net profit, good profitability, adequate capitals, and high contribution to controlling shareholders. Furthermore, as its loan distribution is concentrated, it faces risk of concentration of business. Compared with the financial institutions in Chinese banking industry, its loan impairment provisions have low coverage over NPLs. To sum up, Lianhe Credit Rating confirms that the long-term credit rating of the main body of Standard Bank is AAA. The credit rating of its 2017 RMB bonds (Phase 1) (no more than RMB1 billion) is AAA. And its rating outlook is stable. The credit rating reflects low default risk of the current RMB bonds.

五、主要业务经营分析

Ⅴ、Main business analysis

 南非标准银行在南非经营历史长，目前业务发展较为稳定。近年来，随着人民币国际化进程的推进，南非标准银行积极推进中非跨境人民币/外汇业务，致力于在中非业务中发挥主导作用。南非标准银行的主营业务主要由个人及中小企业银行业务、企业及投资银行业务和其他业务组成。

Standard Bank has a long history of operation in South Africa. Its current business development is stable. In recent years, with the advancement of RMB internationalization, Standard Bank has actively promoted Sino-African cross-border RMB/foreign exchange businesses, and been committed to playing a leading role in Sino-African businesses. Standard Bank mainly conducts personal, SMEs, corporate, and investment banking businesses.

1.个人及中小企业银行业务

1.Personal and SME banking businesses

南非标准银行以客户为中心，对个人及中小企业银行业务重新进行定位，并持续贯彻策略的执行。南非标准银行个人及中小企业银行业务包括针对个人和中小企业的存款业务、贷款业务、住房抵押贷款、银行卡、汽车和资产融资、财富管理业务，业务范围主要集中在南非。

Standard Bank centers on customers, re-position personal and SME banking businesses, and constantly implement corresponding strategies. The personal and SME banking businesses of Standard Bank include deposits, loans, home mortgages, bank cards, auto and asset financing, and wealth management businesses. The scope of businesses is mainly concentrated in South Africa.