Annual Financial Statements 2020
78
ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS CONTINUED
38.
STANDARD BANK NAMIBIA LIMITED
Annual financial statements 2020
Segment reporting
The company is organised on the basis of products and services and the segments have been identified on this basis. The
principal business units in the company are as follows:
Scope of operations
Business unit
Personal & Business
Banking
Banking and other
financial services to
individual customers
and small-to-medium-
sized enterprises. We
enable customers to
take control of all their
financial aspects such
as transacting, saving,
borrowing or planning
by making use of the
following product sets
either through face to
face interaction or
digitally according to
their preference
Transactional products
Comprehensive suite of transactional, saving, investment, trade, foreign exchange, payment
and liquidity management solutions made accessible through a range of physical and
digital channels.
Mortgage lending
Residential accommodation loans to mainly personal market customers.
Card products
• Credit card facilities to individuals and businesses (credit card issuing)
• Merchant transaction acquiring services (merchant solutions)
Vehicle and asset finance
⚫ Finance of vehicles for retail market customers
Finance of vehicles and equipment in the business and corporate assets market
Fleet solutions
Lending products
•
Lending products offered to both personal and business markets
⚫ Business lending offerings constitute a comprehensive suite of lending product offerings,
structured working capital finance solutions and commercial property finance solutions
Wealth
⚫ Short- and long-term insurance products comprising:
simple products, including loan protection plans sold in conjunction with related banking
products, homeowners' insurance, funeral cover, household contents and vehicle insurance
complex insurance products, including life, disability and investment policies sold by
qualified intermediaries
Financial planning and modelling
• Integrated fiduciary services, including fiduciary advice, will drafting and custody services,
as well as trust and estates administration
• Tailored banking, wealth management, investment and advisory services solutions
for private high net worth individuals
Investment services, including global asset management
38.
Segment reporting continued
Scope of operations continued
Business unit continued
Corporate &
Investment
Banking
Corporate and
investment
banking services
to clients
including
governments,
Client coverage
•
Relationship management
• Sector expertise
Global markets
•
•
Money Market Instruments
Commodity trading
°
Equities
parastatals, larger
•
Foreign exchange
corporates,
financial
•
institutions and
multinational
corporates
Other services
⚫ Interest rates trading and structuring
Exchange trade products
• Credits
Transactional products and services
• Transactional banking
• Investor services
• Trade finance
• Cash management
Investment banking
⚫ Advisory
⚫ Principle finance
⚫ Debt solutions
• Structured finance
• Structured trade finance and commodity finance
• Debt capital markets
⚫ Real estate and principal investment management
Includes the results of support functions, which are either centralised or embedded in the business
segments. The direct costs of support functions are recharged to the business segments. These
functions include:
•
legal & compliance
⚫ human capital
⚫ finance
⚫ governance
⚫ assurance
. IT
⚫ procurement
⚫ marketing
⚫ real estate
⚫ risk management
⚫ group shared services
⚫ corporate social investment
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