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SBG FY23 Pre-close call

Arno Daehnke Group Financial Director hosted a Pre-close call on 27 November 2023

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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.

2023 INTERIM RESULTS HIGHLIGHTS

HEADLINE EARNINGS(Rm)

35%

R21 231 million

1H22: R15 691 million

 





HEADLINE EARNINGS PER SHARE(HEPS)

34%

1 281 cents

1H22: 956 cents

NET ASSET VALUE PER SHARE

10%

13 913 cents

1H22: 12 652 cents

DIVIDEND PER SHARE

34%

690 cents

1H22: 515 cents

 



RETURN ON EQUITY(ROE)

18.9%

1H22: 15,7%

COST TO INCOME RATIO

 

50.5%

1H22: 55.5%

 

CREDIT LOSS RATIO(CLR)

97 bps

1H22: 82 bps

COMMON EQUITY TIER 1 RATIO

13.4%

1H22: 13.7%

 

SBG FY23 Pre-close call

Arno Daehnke Group Financial Director hosted a Pre-close call on 27 November 2023

STANDARD BANK GROUP LTD SHARE PRICE ON THE JSE

Please be aware of a 15 minute delay on this reading

ZAR

R 197.79

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

In the first six months of 2023, we made good strategic progress and delivered a strong financial performance. This result can be attributed to our differentiated franchise and Africa-focused strategy. We have continued to support our clients and our teams have managed the business well through an uncertain geopolitical environment and volatile market conditions.

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 2022 suite

The full 2022 suite