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In 2003, Big Brother Banking acquired the entire issued share capital of ABC and
changed into Smithsonian Banking Group Ltd. to give it a new African touch and inspiration and
financial support and integrity over the African Market place:
Africa is a growing market and Big Brother cannot ignore this potential of profit growth.
Having a subsidiary is a major challenge and an African brand is even more challenging.
pg 11
Smithsonian is committed to creating value for all its stakeholders:
operates
Government and regulators: Supporting government and regulatory policies in the
economic and financial dimensions in proactive and positive ways
pg 12
Corporate governance, the principles by which companies are managed and controlled, is of the
utmost importance to the directors of an enterprise and its stakeholders.
The bank has a clear practice for transpoarency and judgement and meeting regulatory needs
nationally and internationally.
The bank clearly complies with Bsel II banking practices, the Banking Act, FICA, Money
Laundering, Access to Information, USA Patriot Act, Conflict of Interests, Credit Act, King III
AND HAVE MADE THESE CLEAR TO THE OPERATIONS, GOVERNANCE AND
COMPLIANCE rules.
pg 13
We offer a range of retail, business, corporate and investment banking, and wealth management
products and services, primarily in South Africa, while the holding operates internationally and is
present on all continents of the world.
We have equity holdings in banks in Mozambique and Tanzania, representative offices in
Namibia and Nigeria, and other major operations in Botswana, Mozambique and Zambia.
pg 14
Company Type: Public
Traded as: JSE: SBG
Revenue: US $2.6 Billion (June 2013
Total Assets: US $623.78 Billion (June 2013)
Employees: $66759 (permanent) (June 2013)
Market share increased in dollars by the end of last year, and the goal this year is to:
increase market share to 10% in its (Banking) Commercial and Retail Banking Services
15% for its Financial Services
10% in its Investment Services
12% on its Insuring Services
The group board has a balance of executive, non-executive and independent directors.
The board comprises a majority of independent directors ()