![standard bank shareplus standard bank shareplus](http://1.bp.blogspot.com/-a6BF8i7DXQI/Ut0gqzoZ0LI/AAAAAAAAADQ/H7TDSha2NCs/s1600/pic4.png)
![standard bank shareplus standard bank shareplus](https://ciphertrace.com/wp-content/uploads/2018/05/transaction-id-300x300.png)
In 1969 the Standard Bank Investment Corporation (now Standard Bank Group) was established as the holding company of the South African bank. The parent bank merged in 1969 with Chartered Bank of India, Australia and China and the combined bank became known as Standard Chartered Bank. In 1967 shares in the Standard Bank of South Africa were offered to the South African public, although the British parent company retained over 80% of the shares. When the South African operations were formed into a subsidiary in 1962, the parent changed its name to Standard Bank Limited, and the South African subsidiary took its parent's previous name. Until 1962 the British bank was formally known as the Standard Bank of South Africa, although by then its operations spread across Africa. On 1 November 1901 a second branch was opened in Eloff Street of Johannesburg. When gold was discovered on the Witwatersrand, the bank expanded northwards and on 11 October 1886 the bank started doing business in a tent at Ferreira's Camp (later to be called Johannesburg), thus becoming the first bank to open a branch on the Witwatersrand gold fields. The word "British" was dropped from the title in 1883. It was prominent in financing and development of the diamond fields of Kimberley in 1867. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon after opening it merged with several other banks including the Commercial Bank of Port Elizabeth, the Colesberg Bank, the British Kaffrarian Bank and the Fauresmith Bank. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson formed a bank in London, initially under the name Standard Bank of British South Africa.
![standard bank shareplus standard bank shareplus](https://entrepreneur.uai.ac.id/wp-content/uploads/2021/09/BI-baru-rev.jpg)
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa.