Standard Bank Group Limited (JSE: SBK)
South Africa
· Delayed Price · Currency is ZAR | Market Cap | 372.50B |
| Revenue (ttm) | 162.94B |
| Net Income (ttm) | 43.77B |
| Shares Out | 1.65B |
| EPS (ttm) | 26.11 |
| PE Ratio | 8.63 |
| Forward PE | 8.00 |
| Dividend | 14.77 (6.55%) |
| Ex-Dividend Date | Sep 11, 2024 |
| Volume | 6,353,099 |
| Open | 22,447 |
| Previous Close | 22,426 |
| Day's Range | 22,163 - 22,700 |
| 52-Week Range | 16,601 - 25,276 |
| Beta | 0.77 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Mar 13, 2025 |
About Standard Bank Group
Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment proc... [Read more]
Financial Performance
In 2023, Standard Bank Group's revenue was 161.36 billion, an increase of 19.80% compared to the previous year's 134.69 billion. Earnings were 44.21 billion, an increase of 29.11%.
Financial StatementsNews
Standard Bank Profits Rise Despite Currency Hit
The South African lender said currency devaluations and the recent strength of the rand diluted its performance in local currency, but it reported growth in headline earnings and confirmed its guidanc...
South Africa: Standard Bank and Soapbox collaborate to explore sustainable business solutions
The project responded to the brief: How might Standard Bank Group incentivise our clients to adopt more sustainable practices?
South Africa: Standard Bank unveils new support programme for township entrepreneurs
The bank will create engagement platforms with local SMEs, where they will provide insights, tools as well as networking opportunities that can enable businesses in either the starting, managing, or g...
StanChart Explores Helping Lesotho Raise Energy Transition Fund
Standard Chartered Plc and Standard Bank Group Ltd. are exploring working with Lesotho on raising a fund to help the country meet its energy needs and start exporting power.
Africa’s energy transition must also focus on development
Development needs to be at the core of African countries’ efforts to drive a just energy transition to a low-carbon economy or they will be unsustainable, as high-level speakers at the Standard Bank G...
South Africa: Standard Bank unveils upgraded SimplyBlu for SMEs
SimplyBlu consolidates everything into one powerful solution, allowing businesses to manage their brick-and-mortar, online, and mobile sales effortlessly, all while gaining valuable insights into thei...
Saudi Exim Bank partners with South African banks
The Saudi EXIM has allocated a credit line of $25mln to Standard Bank to support Saudi non-oil exports to South Africa and other African countries
South Africa: Standard Bank sees tenfold surge in PayShap ID transactions
The growth in the use of PayShap ID has accelerated even further between the first and third quarters of 2024
South Africa: Standard Bank sees 13% drop in branch transactions due to digital adoption
Over the same period, online transactions increased by 30% to 1.5 billion transactions with Standard Bank clients performing an average of 10,400 digital transactions per month
Capitec powers ahead
Capitec is the best-performing banking stock on the JSE in 2024. Here is a look at the company and how it compares to Absa, Standard Bank, and Nedbank.
Big South African bank shrinking branches
Standard Bank is reducing the size of its branches as clients increasingly use digital channels to transact.
Standard Bank bets on Mauritius
Standard Bank has expanded its business in Mauritius as companies increasingly look for a more stable environment to operate from in Africa.
Standard Bank hosts its 4th annual Climate Summit
Standard Bank Group is gearing up to host the fourth instalment of its highly anticipated Climate Summit.
Credit cards booming in South Africa
Standard Bank has seen a sharp uptick in the issuance of new credit cards, reflecting increased demand and a willingness from banks to extend credit to consumers.
South Africa: Standard Bank sees 52% rise in new credit-card users
The rise in credit-card usage might be driven by consumers looking to earn more UCount reward points
From taking on Jacob Zuma to running South Africa’s biggest bank
Lungisa Fuzile famously opposed Jacob Zuma's R1.6 trillion nuclear deal and fought against state capture before becoming CEO of Standard Bank South Africa.
South Africa’s biggest bank gets a new CEO
Standard Bank announced its South African division will have a new CEO starting 1 September 2024.
Top Africa Lender Standard Bank Shuffles Senior-Executive Roles
Standard Bank Group Ltd. appointed Kenny Fihla as its deputy chief executive officer and leader of the South Africa business, its biggest geographic unit.
Standard Bank, FirstRand, Nedbank and Absa eyeing R23 trillion jackpot
South Africa's major banks are competing to finance Africa's energy transition, balancing immediate power needs with long-term sustainability.
South African Standard Bank sees increased home-loan approvals as demand resurfaces
As interest rates climbed to cool off inflation, the home-loans sector experienced a sharp decline
Tide is turning for South Africa’s property market
Standard Bank is seeing an increase in demand for home loans as anticipated interest rate cuts reignite the residential property market.
Standard Bank’s African adventure
Standard Bank is one of the few South African corporates to successfully expand across Africa. CEO Sim Tshabalala explained to Daily Investor how it managed this.
South African Standard Bank Group announces higher earnings and increased dividends
This performance is driven by the banks expanding client base, increased digital adoption, and strategic capital allocation
Standard Bank’s lending taps are opening
Africa's largest bank anticipates strong lending growth in the future due to interest rate cuts, and increased consumer confidence across its markets.
Standard Bank Group to raise 67.55% stake in Nigerias Stanbic IBTC Holdings
Currently, Stanbic IBTC Holdings has a total paid-up share capital of N109.3 billion