Standard Bank Group Limited
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com
Share codes
JSE share code: SBK ISIN: ZAE000109815
NSX share code: SNB ZAE000109815
A2X share code: SBK
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond code: SBKI
("Standard Bank Group" or "the group")
Financial information provided to the Industrial and Commercial Bank of China Limited ("ICBC") for the three months ended 31 March 2025
Financial information provided to ICBC
On a quarterly basis the Standard Bank Group discloses to ICBC sufficient information to enable ICBC to equity account the group's results. Accordingly, the following consolidated financial information, prepared on an International Financial Reporting Standards basis, is being provided to ICBC for the three months ended 31 March 2025 ("1Q25").
Statement of changes in ordinary shareholders' equity for the three months ended 31 March 2025
|
| Balance as at 1 January 2025 | Earnings attributable to ordinary shareholders | Other movements for the period | Balance as at 31 March 2025 |
|
| Rm | Rm | Rm | Rm |
| Ordinary share capital | 166 | | | 166 |
| Ordinary share premium | 23 043 | | | 23 043 |
| Treasury shares | (3 583) | | (1 318) | (4 901) |
| Foreign currency translation reserve (FCTR) | (11 850) | | (3 388) | (15 238) |
| Retained Earnings* | 229 896 | 10 927 | (12 036) | 228 787 |
| Other | 12 983 | | (200) | 12 783 |
| Ordinary shareholders' equity | 250 655 | 10 927 | (16 942) | 244 640 |
* Other movements for the period in retained earnings primarily comprises the R12.6 billion ordinary dividends declared in March 2025
1Q25 performance
The group's 1Q25 earnings attributable to ordinary shareholders were R10.9 billion. Headline adjustable items were not material in 1Q25 and as a result, the group's 1Q25 headline earnings were R10.9 billion, up 10% on 1Q24 (1Q24 headline earnings: R9.9 billion). Africa Regions' contribution to group headline earnings remained above 40% in 1Q25, reflective of the resilience and diversified nature of the portfolio. The impact of currency movements was in line with expectations.
Outlook
We are monitoring developments related to geopolitics and tariffs. The impact thereof on confidence and activity, interest rates, and macroeconomic growth across the markets in which we operate is uncertain. At this stage, the group's 2025 guidance released in March remains unchanged.
The group remains well capitalised and liquid and stands ready and able to serve the needs of our 20 million customers and support the economies and communities where we operate.
The information contained in this announcement has not been reviewed and reported on by the group's external auditors.
Johannesburg
22 April 2025
Enquiries:
Sarah Rivett-Carnac
sarah.rivett-carnac@standardbank.co.za
JSE sponsor
The Standard Bank of South Africa Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
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