Standard Bank (formerly Commercial Bank of Malawi) was registered as a commercial bank on 15 March 1969. The start-up share capital was K2.5 million and the founder shareholders were Malawi Development Corporation (20%), Press Holdings Limited (20%) and Banco Pinto Sotto Mayor (60%). The first branch was opened in Limbe on 11 April 1970.

Now over 30 years later, the total share capital as at the balance sheet date of 31 December 2004 was K200 million and total shareholders' interest was K1,647 million.

The shareholding structure of the bank has changed over the years and in December 2001 Standard Bank, through its subsidiary Standard Bank (Africa) Holdings, acquired a 60.18% interest in the bank and became the majority shareholder. The Commercial Bank of Malawi Limited changed its name to Standard Bank and has made headway in revamping its operations to the international standard of the Standard Bank Group.

The business of the bank is divided into two main units:

• Retail Banking Division
  • Executive Banking
  • Branch based Banking with 19 Points of representation.
• Wholesale Banking Division
  • Corporate Banking
  • Asset-based Financial Services
  • Treasury Management

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