Standard Bank Group’s roots in Lesotho date back to 1995 when it acquired Barclays Bank Plc. In 1999, Standard Bank Lesotho Limited acquired a 70% shareholding in Lesotho Bank Limited with the balance of the shareholding retained by the Government of Lesotho and Stanlib Lesotho.
In July 2006, the two banks merged to form Standard Lesotho Bank Limited. The Lesotho Government and Stanlib Lesotho still jointly hold 20% of the shares in the bank while Standard Bank Group has a controlling 80% share.
Standard Lesotho Bank Limited is the largest local bank by assets and market share. We provide a range of solutions in the personal and business banking, and corporate and investment banking space, and operate in all ten districts of Lesotho.
Read more about Lesotho and our corporate and investment banking offering.
Read more about corporate and investment banking solutions for your business.
For more information on Standard Bank Corporate & Investment banking visit http://corporateandinvestment.standardbank.com/CIB/.
Standard Lesotho Bank supports clients in strategically important sectors for the Lesotho economy. These include the manufacturing sector which focused on textiles as the biggest attractor of foreign direct investment and mining which is dominated by diamond mining.
We also support clients in financial services, construction, telecommunications, utilities, retail and international development groups such as UN and EU agencies. Our sector specialists provide insights into the conditions and challenges faced on-the-ground by our clients. We develop working solutions by understanding all players in the sector value chain, and coordinate and execute our clients’ financing and banking requirements within and across continents.
Read more about Standard Bank Group’s sector specialism.
Standard Bank is a leading African financial services group with universal banking capabilities. We operate in 20 countries in Africa, including South Africa, as well as in other key markets globally. We know Africa. As a connected, real economy bank, our insight and experience enables us to unlock opportunities and mitigate risk for our broad range of clients. Our differentiator is our long-term commitment to Africa, our home, underpinned by a heritage of more than 150 years on the continent.
For more information on Standard Bank Corporate & Investment banking visit http://corporateandinvestment.standardbank.com/CIB/
In an attempt to arrest poverty that is exacerbated by rising youth unemployment, particularly educated youth, Basotho Enterprises Development Corporation (BEDCO), in collaboration with the Lesotho Revenue Authority (LRA) and Standard Lesotho Bank calls for proposals for the Bacha Entrepreneurship Project. The project is intended to assist young unemployed holding LGCSE/COSC certificates upwards within the ages of 21 to 35 to become employers and drivers of economic growth by becoming entrepreneurs.
Standard Lesotho Bank is an authorized financial services provider and has been involved in facilitation of payments for wool and mohair farmers since the merger between Lesotho Bank (1999) Limited and Standard Bank Lesotho Limited in 2007.
Established in 2011, Enterprise Banking is a division of Standard Lesotho Bank that looks after businesses with turnovers of up to M10million and provides financial solutions to thousands of Small and Medium Enterprises across the entire country. Examples of businesses that are banked at Enterprise Banking include construction companies, retailers, suppliers, transport and plant hire, as well as service industries such as beauty and hospitality, to name but a few.