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.
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.