Edition:
India

Standard Bank Group Ltd (SBKJ.J)

SBKJ.J on Johannesburg Stock Exchange

18,100.14ZAc
11 Oct 2019
Change (% chg)

500.14 (+2.84%)
Prev Close
17,600.00
Open
17,700.00
Day's High
18,295.00
Day's Low
17,641.00
Volume
4,815,397
Avg. Vol
3,737,046
52-wk High
21,022.00
52-wk Low
15,392.00

Latest Key Developments (Source: Significant Developments)

Liberty Holdings Sells Stanlib Ghana Limited To Standard Bank
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Liberty Holdings Ltd ::JSE: LBH - LIBERTY HOLDINGS SELLS STANLIB GHANA LIMITED TO STANDARD BANK.LIBERTY HOLDINGS LTD - AGREED WITH STANBIC AFRICA TO DISPOSE OF 100% OF ITS SHARES IN STANLIB GHANA LIMITED.LIBERTY HOLDINGS LTD - PURCHASE CONSIDERATION OF GHS70 MILLION , WHICH IS C. R185 MILLION.LIBERTY HOLDINGS- PROCEEDS WILL BE USED TO SUPPORT CO'S EXISTING BUSINESS AND DELIVERY OF VARIOUS INITIATIVES RELATING TO REFRESHED STRATEGY.  Full Article

Standard Bank FY HEPS Up 7 Pct To 1 748 Cents
Thursday, 7 Mar 2019 

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 

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 

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 

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 

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 

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

S.Africa's Standard Bank first-half earnings rise 5%

JOHANNESBURG, Aug 8 South Africa's largest lender by assets Standard Bank Group Ltd on Thursday reported a 5% rise in headline earnings per share (HEPS) for the six months ended June 30.