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Stanbic - Standard Bank has no links to Sudanese bank

Release Date: 27/09/2001 16:35
Code(s): SBK
Wrap Text
STANDARD BANK INVESTMENT CORPORATION LIMITED
(incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
Share code SBC
ISIN code : ZAE000014858
Standard Bank has no links to Sudanese bank

In response to reports that Standard Bank has a banking relationship with the Al Shamal Islamic Bank of Sudan, we place the following on record: - Standard Bank London opened a call account for Al Shamal Bank on October 23 1995.
- This account was opened in anticipation of a trade finance transaction, which did not materialise with this bank.
- The account was never used and we closed it on 30 March 2000.
- We have not identified any other transactions between ourselves and Al Shamal Bank, nor do we have any links with this bank. Johannesburg 27 September 2001

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