July 11, 2005 Standard Bank has been ranked No. 1 in sub-Saharan Africa in The Banker Top 1 000 World Banks 2005, an annual ranking of the world's commercial banks. Standard Bank is now ranked No. 108 in the world, up from 116 in 2004. The rankings are based on Tier One capital as defined by Basel's Bank for International Settlements. The definition is more strict than total stockholders' equity and covers only the core of the bank's strength; the shareholders' equity available to cover actual or potential losses. The object of the survey is to show the banks' soundness in relation to the Basel requirement of minimum Tier 1 capital on risk-weighted assets of 4% and a minimum ratio of capital to risk-weighted assets of 8%. The Banker (www.thebanker.com) is the global monthly banking magazine of the Financial Times Group and was first published in 1926.
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