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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 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

Standard Bank names Kenny Fihla as chief executive of CIB
Tuesday, 30 May 2017 01:07am EDT 

May 30 (Reuters) - Standard Bank Group Ltd ::Kenny Fihla, current deputy chief executive and head of client coverage CIB, has been appointed as chief executive CIB.Appointment of Kenny Fihla with immediate effect.Thabo Dloti, current ceo of Liberty, is leaving Liberty following a difference of opinion with board.  Full Article

Standard Bank qtrly earnings attributable to ordinary shareholders up 16 pct
Tuesday, 25 Apr 2017 02:00am EDT 

April 25 (Reuters) - Standard Bank :Financial information provided to ICBC And update on the group’s operational performance .In three months ended March 31, group’s banking operations performance saw benign credit performance and well managed costs, resulting in low double-digit earnings growth.Qtrly earnings attributable to ordinary shareholders grew 16 pct period-on-period .Impairment charges declined year-on-year.Qtrly non-interest revenue declined year-on-year off a high base in 1Q16.Group's common equity tier 1 capital ratio remained in excess of our internal target range of 11 pct-12.5 pct.  Full Article

Standard Bank Group full-year HEPS up 4 pct
Thursday, 2 Mar 2017 01:10am EST 

Standard Bank Group Ltd : Provisional results and dividend announcement for the year ended Dec. 31, 2016 . FY R23.009 billion headline earnings (2015: R22.187 billion) up 4 pct . FY 1,440 cents headline earnings per share up 4 pct . 780 cents dividend per share up 16 pct . FY 13.9 pct common equity tier 1 ratio, 56.3 pct cost-to-income ratio, 0.86 pct credit loss ratio . FY total income grew by 10 pct in 2016, supported by strong growth in net interest income, which was up by 15 pct . Economic growth momentum that built towards end of 2016, driven by China and U.S., has continued into start of 2017 . Uncertainty surrounding us policy direction, brexit talk, broader european macro outlook may pose downside risks to growth prospect .Committed to delivering through--cycle headline earnings growth and roe within our target range of 15 pct - 18 pct over medium term.  Full Article

Standard Bank Group six-month HEPS rises
Thursday, 18 Aug 2016 02:17am EDT 

Standard Bank Group Ltd : Unaudited condensed consolidated interim results and dividend announcement for six months ended 30 June 2016 . H1 680 cents headline earnings per share, 1H15: 650 cents, up 5 pct . H1 net asset value per share 9 381 cents, 1H15: 8 832 cents, up 6 pct . H1 credit loss ratio - banking activities 56.8 pct, 1H15: 0.99 pct . 340 cents dividend per share, 1H15: 303 cents, up 12 pct . Total income grew by 15 pct in 1H16, with net interest income (NII) increasing by 18 pct on back of stronger margins, up 23bps to 372bps . H1 cost-to-income ratio - banking activities 56.8 pct, 1H15: 57.3 pct . Says H1 13.2 pct common equity tier I ratio 1H15: 13.1 pct . H1 total credit impairment charges were 16 pct higher than prior period . Global growth outlook going into 2016 was cautiously positive . Risks highlighted at beginning of year have started to materialise, increasing volatility and uncertainty .Britain's vote to leave European Union and associated lack of clarity has only served to exacerbate this.  Full Article

Standard Bank says income growth "good" over four months to April 30
Thursday, 26 May 2016 02:02am EDT 

Standard Bank Group Ltd : Management remains focused on delivering return on equity in medium term target range of 15 pct to 18 pct .Group income growth has been good, supported by strong growth in net interest income, for the four months to 30 april.  Full Article

Standard Bank drops Mckinsey amid South Africa scandal

JOHANNESBURG, Oct 30 South Africa's Standard Bank has dropped the services of McKinsey, spokesman Ross Linstrom said on Monday, weeks after the global consultancy apologised for errors it made while working with state power utility Eskom last year.