Africa’s largest bank by assets, Standard Bank Group , on Friday reported record headline earnings of R15.3 billion for the six months to 30 June 2022 – a surge of 33% on the comparative 2021 half-year. Headline earnings per ordinary share was up 30%, to 936.2 cents, compared to 721.4c for the prior period. SBG’s board approved an interim dividend of 515c per share, at a pay-out ratio of 55%.
8%],” the group further noted in its results Sens on Friday morning. Read:Nonkululeko Nyembezi appointed Standard Bank Group’s new chair “The group made good progress on its 2025 commitments, both strategic and financial. The group exceeded internal expectations in terms of revenue growth, delivered strong positive jaws, retained the credit loss ratio within the group’s through-the-cycle range, and ROE moved closer to the 2025 target range of 17% to 20%.