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Standard Bank Group Ltd (SBKJ.J)

SBKJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Standard Bank FY HEPS Up 7 Pct To 1 748 Cents
Thursday, 7 Mar 2019 01:01am EST 

March 7 (Reuters) - Standard Bank Group Ltd ::PROVISIONAL RESULTS AND DIVIDEND ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2018.FY HEADLINE EARNINGS PER SHARE UP 7% 1 748 CENTS.COMMON EQUITY TIER 1 RATIO1 FOR 2018: 13.5% VERSUS 2017: 13.5% AT FY END.FY DIVIDEND PER SHARE UP 7% TO 970 CENTS.FY CREDIT IMPAIRMENT CHARGES WERE R6.5 BILLION, 31% LOWER THAN PRIOR YEAR.FY GROUP REVENUE GREW 3% AND STANDARD BANK OF SOUTH AFRICA LIMITED'S REVENUE WAS FLAT."GLOBAL GROWTH IS EXPECTED TO WEAKEN SLIGHTLY IN 2019 TO 3.5% AS SLOWDOWN IN MOMENTUM SEEN IN 2H18 CONTINUES INTO 2019".GLOBAL GROWTH IS EXPECTED TO WEAKEN SLIGHTLY IN 2019 TO 3.5% AS SLOWDOWN IN MOMENTUM SEEN IN 2H18 CONTINUES INTO 2019.FY NET INTEREST INCOME R59.6 BILLION VERSUS R60.1 BILLION.REMAIN COMMITTED TO MEDIUM-TERM TARGETS OF DELIVERING SUSTAINABLE EARNINGS GROWTH AND AN ROE IN OUR 18%-20% TARGET RANGE.2018 GROUP RESULTS WERE LESS IMPACTED BY CURRENCY MOVEMENTS THAN IN PRIOR YEARS.  Full Article

Standard Bank Group To Restructure Its IT Division
Wednesday, 14 Nov 2018 05:18am EST 

Nov 14 (Reuters) - Standard Bank Group Ltd ::TO RESTRUCTURE ITS IT DIVISION.NEW STRUCTURE WILL SEE THE CREATION OF NEW CAPABILITIES AND ROLES WITHIN STANDARD BANK’S IT DIVISION.NEW STRUCTURE WILL CREATE OVER 180 NEW-GENERATION IT POSITIONS WITHIN THE BANK.NEW STRUCTURE TO RESULT IN 526 IT EMPLOYEES RECEIVING SECTION 189 NOTICES.HAS ENGAGED WITH ITS REPRESENTATIVE UNION REGARDING THE PROPOSED NEW OPERATING MODEL.NEW STRUCTURE WILL ALSO RESULT IN THE LOSS OF A NUMBER OF EXISTING TRADITIONAL IT POSITIONS.  Full Article

Standard Bank Group Posts 14 Percent Rise In ‍FY Headline Earnings ​
Thursday, 8 Mar 2018 01:00am EST 

March 8 (Reuters) - Standard Bank Group Ltd ::‍FY HEADLINE EARNINGS R26,270 MILLION UP 14%​.‍FY HEADLINE EARNINGS PER SHARE 1,640 CENTS UP 14%​.‍FY DIVIDEND PER SHARE 910 CENTS UP 17%​.‍LIFTED MEDIUM-TERM ROE TARGET RANGE FROM 15% - 18% TO 18% - 20%​.FY TOTAL INCOME ‍127,556​ MILLION RAND VERSUS. 121,222 MILLION RAND AS REPORTED YEAR AGO.FY ‍NET INTEREST INCOME 60,125​ MILLION RAND VERSUS. 56,892 MILLION RAND AS REPORTED YEAR AGO.FY ‍NON-INTEREST REVENUE 43,037​ MILLION RAND VERSUS. 42,965 MILLION RAND AS REPORTED YEAR AGO.FY COMMON EQUITY TIER 1 RATIO ‍13.5​ PERCENT VERSUS. 13.9 PERCENT AS REPORTED YEAR AGO.FY COST-TO-INCOME RATIO ‍55.7​ PERCENT VERSUS. 56.3 PERCENT AS REPORTED YEAR AGO.FY ‍ROE 17.1​ PERCENT VERSUS 15.3 PERCENT AS REPORTED YEAR AGO.FY NET INTEREST MARGIN ON BANKING ACTIVITIES 4.74 PERCENT VERSUS 4.48 PERCENT AS REPORTED YEAR AGO‍​.  Full Article

Standard Bank Group ‍Says Peter Schlebusch To Step Down As CEO Of Personal And Business Banking
Friday, 2 Mar 2018 01:00am EST 

March 2 (Reuters) - Standard Bank Group Ltd ::‍PETER SCHLEBUSCH HAS DECIDED TO STEP DOWN AS CHIEF EXECUTIVE OF PERSONAL AND BUSINESS BANKING GROUP​.‍SUBJECT TO RECEIVING NECESSARY APPROVALS FROM SOUTH AFRICAN RESERVE BANK, ZWELI MANYATHI HAS BEEN APPOINTED TO SUCCEED SCHLEBUSCH​.  Full Article

Standard Bank Agrees To Accept Unionpay Cards In Multiple African Markets
Monday, 5 Feb 2018 06:42am EST 

Feb 5 (Reuters) - STANDARD BANK GROUP LTD ::‍STANDARD BANK HAS SIGNED AN AGREEMENT WITH UNIONPAY INTERNATIONAL TO ACCEPT UNIONPAY CARDS IN MULTIPLE AFRICAN MARKETS​.‍STANDARD BANK IS ALSO FIRST AFRICAN BANK TO RECEIVE LICENSE TO ISSUE UNIONPAY CARDS IN SOUTH AFRICA​.  Full Article

Standard Bank Group Names Lungisa Fuzile As CEO Of SBSA​
Thursday, 14 Dec 2017 07:26am EST 

Dec 14 (Reuters) - Standard Bank Group Limited :​:STANDARD BANK GROUP - ‍APPOINTMENT OF LUNGISA FUZILE AS CHIEF EXECUTIVE OF STANDARD BANK OF SOUTH AFRICA LIMITED ("SBSA") WITH EFFECT FROM 15 JAN 2018​.STANDARD BANK GROUP LTD - LUNGISA FUZILE TAKES OVER FROM SIM TSHABALALA WHO HAS SERVED AS CHIEF EXECUTIVE OF SBSA FROM JUNE 2008 TO DATE.  Full Article

Standard Bank says ‍Ben Kruger steps down from role of joint chief executive
Tuesday, 12 Sep 2017 02:30am EDT 

Sept 12 (Reuters) - Standard Bank Group Ltd :‍BEN KRUGER STEPS DOWN FROM ROLE OF JOINT-GROUP CHIEF EXECUTIVE WITH IMMEDIATE EFFECT​.SIM TSHABALALA CONTINUES IN ROLE OF GROUP CHIEF EXECUTIVE OF STANDARD BANK GROUP, CHIEF EXECUTIVE OF STANDARD BANK OF SOUTH AFRICA LTD.‍BEN KRUGER REMAINS AN EXECUTIVE DIRECTOR OF COMPANY, REPORTING TO GROUP CHIEF EXECUTIVE​.  Full Article

Stanbic IBTC Holdings posts HY group pretax profit of 29.17 bln naira
Tuesday, 29 Aug 2017 06:30am EDT 

Aug 29 (Reuters) - STANBIC IBTC HOLDINGS::GROUP HY PRETAX PROFIT 29.17 BILLION NAIRA VERSUS 15.68 BILLION NAIRA.GROUP INTERIM DIVIDEND OF 6 BILLION NAIRA.HY GROUP NET INTEREST INCOME OF 41.04 BILLION NAIRA VERSUS 22.85 BILLION NAIRA YEAR AGO.RECOMMENDED INTERIM DIVIDEND OF 60 KOBO PER SHARE FOR PERIOD ENDED JUNE 30, 2017.  Full Article

Standard Bank says HY HEPS Up 11 pct at 756 cents
Thursday, 17 Aug 2017 02:00am EDT 

Aug 17 (Reuters) - STANDARD BANK GROUP LTD ::UNAUDITED CONDENSED CONSOLIDATED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017.SIX MONTHS HEADLINE EARNINGS PER SHARE UP 11% AT 756 CENTS.SIX MONTHS NET ASSET VALUE PER SHARE UP 2% AT 9 554 CENTS.SIX MONTHS TOTAL INCOME DECLINED BY 1% TO R49 336 MILLION.SIX MONTHS GROSS LOANS AND ADVANCES TO CUSTOMERS GREW 1%.  Full Article

S.Africa's Liberty sells short-term insurance tech platform to Standard Bank

JOHANNESBURG, Feb 27 South African insurer Liberty Holdings has agreed to sell its technology platform, which supports its short-term insurance business, to Standard Bank Group Ltd for 145 million rand ($10.45 million).