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2022 Annual Results

Financial results for the year ended 31 December 2022

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Strategic update event

Strategic update event held on 20 August 2021.

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Environmental, Social and Governance (ESG)

Standard Bank is committed to driving sustainable and inclusive economic growth, as reflected in our purpose – Africa is our home, we drive her growth.

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Our Climate Strategy

We are committed to driving Africa's growth in an inclusive and sustainable manner, supporting a just energy transition.

2022 Annual results highlights

HEADLINE EARNINGS(Rm)

37%

R34 247 million

FY21: R25 021 million

HEADLINE EARNINGS PER SHARE(HEPS)

33%

2 087 cents

FY21: 1 573 cents

NET ASSET VALUE PER SHARE

6%

13 302 cents

FY21: 12 493 cents

DIVIDEND PER SHARE

1 206 cents

FY21: 871 cents

RETURN ON EQUITY(ROE)

 

16.4%

FY21: 13.5%

COST TO INCOME RATIO

 

54.9%

FY21: 58.7%

CREDIT LOSS RATIO(CLR)

 

75 bps

FY21: 73 bps

COMMON EQUITY TIER 1 RATIO

 

13.5%

FY21: 13.8%

1H23 Pre-close call

7 June 2023 - 17h00

STANDARD BANK GROUP LTD SHARE PRICE ON THE JSE

Please be aware of a 15 minute delay on this reading

ZAR

R 163.29

Source: JSE LTD

Message from CFO

During the year, we made good strategic and financial progress. More specifically,
- We delivered a broader range of attractive value propositions to our existing clients and grew our client base;
- We managed risk well and improved operational metrics; and
- We took steps to re-allocate capital to drive returns

Results in a flash

We recognise that the strategic progress we have made in FY22 is the outcome of our clients’ trust in us, our employees’ resilience, our regulators’ and partners’ support, and our shareholders’ belief in our strategy. We strive to deliver increasingly attractive returns to our shareholders and continued net positive impact in the economies and societies in which we operate. We are confident we can deliver on our 2025 commitments to the market.

MESSAGE FROM THE CFO

During 2021 we made good progress in three key areas.
1. We achieved franchise growth across all three of our core businesses.
2. We made good progress in developing new revenue streams by scaling up our digital platforms and partnerships.
3. We remained focused on the diligent allocation of capital to fund expansion, while carefully managing costs, and we successfully completed the Liberty minority buyout.

INVESTING IN THE GROUP
Who we are

An Africa focused, client-led and digitally enabled bank that provides comprehensive and integrated financial and related solutions to our clients as well as drive inclusiv

Strategic priorities

We have updated our strategic priorities to clarify what we need to do to deliver our 2025 targets.

Where we are

Presence in 20 sub-Saharan African countries, offices in five key global centres, offshore financial services and a strategic partnership with ICBC.

Measuring our progress

We continue to focus on our key performance indicators ensuring we measure what matters most in delivering our strategy.

RESULTS AND PRESENTATIONS

Our latest reports, disclosures and presentations

ANNUAL REPORTS

The full 2020 suite