Company Profile For Standard Bank Group

Standard Bank Group (SBKJ.J) (Johannesburg Stock Exchange)

sector: Financials · industry: Banks ·

As of 24 Nov 2009

9,695.00ZAX

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

Standard Bank Group Limited is the holding company for Standard Bank Group of companies. The Company operates in three business segments. The Personal & Business Banking segment provides banking and other financial services to individual customers and small-to medium sized enterprises throughout South Africa, rest of Africa, as well as Argentina. The Corporate & Investment Banking segment provides commercial and investment banking services to larger corporates, financial institutions and international counterparties, in South Africa and other markets. The Central and other segment includes includes the impact of the Tutuwa initiative and group capital instruments. As of July 18, 2008, the Company had acquired 98.93% interest in Liberty Holdings Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Standard Bank Group Limited's total interest income increased 15% to RAN16.52B. Net interest income after loan loss provision decreased 49% to RAN9.41B. Net income applicable to common decreased 31% to RAN5.11B. Net interest income reflects increase in interest earning assets, partially offset by higher loan loss provision. Net income reflects higher other operating expenses.