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Credit impairment charges increased significantly relative to 1H19, driven by the non-repeat of a prior year recovery coupled with deteriorating risk grades and increased provisioning across the IB portfolio. Read: Standard Bank Group Interim results June 2019 The bank continued to keep cost increases as low as possible, with total operating costs increasing by only 6% compared to a year ago. The group’s 40% share of ICBCS’ earnings equated to R508 million. Standard Bank Group 2020 Interim Results presentation. However, we recognise the need to accelerate our digital delivery and, in parallel, drive operational efficiency. USA : 1 412 317 0088 Gross written premium increased as the portfolio tilt shifted towards higher cover and premium insurance products. In March 2020, the World Health Organization declared Covid-19 a pandemic and countries responded with widespread lockdowns. Credit impairment charges increased to R11.3 billion, 2.7 times that of 1H19. During 1H20, the group successfully raised R24 billion of longer-term funding. Market conditions led to declines in equity investment portfolio valuations which negatively impacted other revenue. ESG. Deposits totalled GBP5.2 billion as at 30 June 2020. Physical transactions are expected to continue to decline as the transition to digital accelerates post Covid-19. Despite the obvious risks, our employees have shown great fortitude and commitment as they have continued to support and service our customers. Credit impairment charges increased to R8.6 billion (1H19: R3.7 billion), 2.3 times 1H19 charges. A partial resumption of economic activity, following the relaxation of the lockdown regulations in the second half of May and in June, resulted in a partial recovery of transactional volumes and values and, in turn, NIR by the end of the period. Costs were well contained despite ongoing investment in digital capabilities and higher regulatory charges. The group’s banking operations’ earnings were supported by strong balance sheet growth, robust trading revenues and well contained costs. CIB’s capabilities and reach remains attractive to domestic clients and multi-national corporates already operating, seeking to operate or seeking to expand on the continent. ... Our Financial Results The latest Standard Bank Group financial results. 20 August 2020 Interim Financial Results. As at 30 June 2020, Covid-19 client relief provided by PBB AR totalled R11 billion representing 12% of the PBB AR portfolio. Supply chains were disrupted, and demand declined. This was more than offset by higher insurance, asset management and foreign currency service fees as well as higher point of representation fees. Interim Results. Transactional Products & Services (TPS) revenues were negatively impacted by margin pressure as well as adverse regulatory requirements, in particular in Nigeria. Net fee and commission income declined as consumer activity levels and transactional volumes decreased significantly as a result of the lockdowns. The poor economic outlook and declining inflation trend paved the way for cumulative interest rate cuts equating to 275 bps in the period. A transcript will be available 48 hours after the presentation. Mortgages and VAF represented 62% and 23% of the PBB SA client relief portfolio respectively. Our 3Q 2020 results were released at 04:15 UKT / 12:15 HKT on Thursday 29 October 2020 on our website. Standard Bank Group Investor Conference, Beijing May 2010 - Overview (6.9m) Standard Bank Group Investor Conference, Beijing May 2010 - Regions (6.8m) Standard Bank Group Investor Conference, Beijing May 2010 - Products (2.3m) 2010 Interim results presentation (327.8k) Robust gross loan origination and an increase in drawdowns of unutilised facilities supported average balances, which drove NII growth of 22%. Higher other fee and commission revenue was largely driven by growth in assets under management in Nigeria and commitment and arrangement fees from client deals in South Africa and International. The group’s second quarter average Basel III liquidity coverage ratio amounted to 136%, well in excess of the temporarily reduced minimum phased-in regulatory requirement of 80%. It was found that aspects of work performed to develop improvements to CIB’s client engagement system were no longer suitable. ... As a result, our 440,000 colleagues have been able to make a significant and lasting contribution towards keeping their nations fed. Theeparation pr of the financial results was supervised by the group financial director, Arno Daehnke BSc, MSc, PhD, MBA, AMP. Key focus areas. Trade and foreign exchange inflows dried up and oil-exporters were negatively impacted by the lower oil price. The group’s capital position remained robust, with a common equity tier 1 capital adequacy (CET1) ratio as at 30 June 2020 of 12.6%, well in excess of the regulatory minimum of 7%. Global Markets (GM) revenue grew 43% on the back of strong risk management and increased client activity in volatile markets. During this time, we have remained steadfast in support of our clients, our employees and the communities in the countries in which we operate. From a sector perspective, the Consumer (primarily Retail and Hospitality), Industrials, Oil & Gas, Power & Infrastructure and Real Estate sectors were most impacted. Archive. South Africa’s headline earnings declined 72% as the pandemic exacerbated an already difficult environment. As a result, Africa Region’s contribution to 1H20 banking headline earnings grew to 62%. For the period ended 30 June 2019 our banking activities grew earnings by a pleasing 10% to R12.8 billion. The deteriorating credit environment drove a 39% increase in risk-weighted assets (RWA) period on period. GROUP RESULTS ... Namibia SBN Holdings Limited’s full announcement containing the interim results announcement for the six months ended 30 June 2020 Registration number: 2006/306 Country of incorporation: Republic of Namibia ... is available for viewing on the Standard Bank website. Standard Bank Group’s (SBG or the group) analysis of financial results for the six months ended 30 June 2020 has not been audited or independently reviewed. STANDARD BANK GROUP 7 TCFD Interim Report 2020 Impact of climate-related risks and opportunities on business, strategy and financial planning Standard Bank has undertaken a preliminary assessment of high carbon emitting sectors in our portfolio. Provisions held against stage 3 exposures are considered sufficient. Operating expenses were well contained and supported by the savings derived from the branch reconfiguration concluded in 1H19. In line with the South African Reserve Bank’s guidance, the SBG Board has not declared an interim dividend. 2020 Nedbank Group Interim Results Video. An African-focused, client-centric, digitally enabled, integrated financial solutions provider…, 20 sub-Saharan African countries, five global centres and three offshore hubs…, Client centricity places our clients at the centre of everything we do …, Market cap of approximately R169 billion for the six months to 30 June 2020…. Credit impairment charges increased significantly as certain older Africa Regions exposures moved into default. An oil price war and oversupply drove a swift and significant decline in the oil price. Globally, 1H20 has been dominated by the Covid-19 pandemic (Covid-19) and the distressing human and economic cost thereof. Where appropriate, PBB has agreed to extend payment holidays and other relief measures. Significant increases in impairment charges were recorded in East Africa, South & Central Africa, as well as in South Africa. The segment costs, including the R500 million (pre-tax) central provision amounted to R851 million (1H19: R593 million). Standard Bank Group is the largest African banking group by assets With a market cap of approximately R169 billion (approx. Covid-19 related regulatory actions included wide-spread interest rate cuts, easing of capital and liquidity requirements and fee waivers and restrictions. In 1H20, Liberty’s performance was negatively impacted by higher morbidity and mortality claims, new business strain and the creation of a R2.2 billion post-tax pandemic provision to cover future costs related Covid-19 which are still expected to arise. The release of the FCTR balance to earnings was a movement between reserves and therefore did not impact the net asset value of the group. This was partially offset by the continued investment in client experience and digitisation workstreams, as well as certain Covid-19 specific expenses, for example front-line staff and customer safety measures. The stressed global economic conditions drove downward equity valuation adjustments (affecting NIR in South Africa) and a substantial increase in credit impairments. We're here for you as we face this pandemic. PBB SA was impacted by negative endowment, elevated impairments, lower transactional volumes and a significant decline in loan disbursements in 2Q20. CIB deposit growth was underpinned by higher corporate current account balances as market uncertainty led clients to reassess planned capital investments and hold larger cash balances. Financial results Standard Bank continues to produce resilient financial results in challenging environments, ensuring that you, our client, benefit from our Africa-focused strategy and our strong balance sheet to support your business growth goals with the African continent and globally. Standard Bank Group is the largest African banking group by assets, Standard Bank Group 2020 Interim Results presentation, Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services  Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15, Register for alerts on the Vault investor platform. Covid-19 has already had a profound impact globally and there remains much uncertainty as to the ultimate human and economic toll. The condensed financial results of Standard Bank Group Limited (Standard Bank) for the six month period ended 30 June 2020 have been published and submitted to … 2019 ANNUAL RESULTS GROUP Authorised financial services and registered credit provider (NCRCP15). ICBC Standard Bank | Unaudited interim results 6 Capital resources At 30 June 2020, the group's equity capital resources amounted to US$1,236.0 million (30 June 2019: US$1,124.4 million) and total capital resources qualifying for prudential purposes were US$1,355.3 million (30 June 2019: US$1,258.0 million). PAGE 2 OUR PURPOSE AFRICA IS OUR HOME, WE DRIVE HER GROWTH 62% of banking headline earnings from Africa Regions1 ... 2020 were replaced with expectations for a large decline (FY20 real GDP growth, … Participants will be required to state their name and company upon entering the call. While the pandemic has created distress and anxiety for many people, it has also created new opportunities, specifically the opportunity to accelerate change. The considerable uncertainty in 1H20 drove an Emerging Market risk-off stance for foreign investors. A foreign currency translation reserve (FCTR) accumulated over the life of the investment due to the devaluation of the Argentine Peso (ARS) vs ZAR. Profit attributable to ordinary shareholders declined 71% to R3.8 billion. USD10 billion) for the six months to 30 June 2020, Standard Bank offers a range of banking and related financial services across sub-Saharan Africa. As at 30 June 2020, Covid-19 client relief provided by PBB SA totalled R107 billion representing 18% of the PBB SA portfolio. An African-focused, client-centric, digitally enabled, integrated financial solutions provider…, 20 sub-Saharan African countries, five global centres and three offshore hubs…, Client centricity places our clients at the centre of everything we do …, Market cap of approximately R169 billion for the six months to 30 June 2020…. Accordingly, we shift our focus to recovery. STANDARD BANK GROUP FINANCIAL RESULTS PRESENTATION 1H20 20 August 2020. Prospects of a modest economic recovery in 2020 were replaced with expectations for a large decline (Standard Bank Research: South Africa’s real GDP is forecast to decline 8.5% in 2020 followed by a 4.5% recovery in 2021). The International Monetary Fund is forecasting global real GDP to contract by 4.9%, sub-Saharan Africa by 3.2% and South Africa by 8.0% in 2020, followed by a recovery of 5.4%, 3.4% and 3.5% respectively, in 2021. Positive jaws of 100 bps supported pre-provision operating profit, which grew 4% period on period to R24.3 billion. Wide-spread interest rate cuts resulted in negative endowment. The difference between headline earnings and profit attributable can be ascribed to a R1.4 billion post-tax gain on the sale of the 20% stake in ICBCA, the associated R3.4 billion negative impact of the FCTR release on sale and R1.9 billion related to the impairment of certain IT intangible assets. The Shareholder Investment Portfolio performance reflected negative investment market returns, particularly in respect of foreign and local equities. Against the difficult revenue environment, jaws were negative 327 bps and cost-to-income ratio increased to 62.6% (1H19: 60.6%). Higher digital transaction volumes were offset by lower business and electronic funds transfer fees. Re:Interim results Gap seems to be closing (-1.2%) at moment; wonder if this was not expected in a way and subsequently already included in the share price. Africa Regions had a strong half with revenue increasing by 53%, driven principally by Nigeria and Angola. In the month of July, customer activity and business turnover levels continued to recover. CLR increased to 231 bps (1H19: 105 bps). Standard Bank (including our owners, agents, consultants, employees and any affiliated person) are not responsible for any loss that results from: any technical or other problem (including interruption, malfunction, downtime or other failure) that affects this website, system or any online service or any database for any reason; Integrated, governance and remuneration reports, financial statements and notices to shareholders…, The full suite of financial results and reports…, Our most recent and archived presentations…, Quarterly disclosures in accordance with the Basel Committee on Banking Supervision…, How we impact on the societies, economies and environments in which we operate…, Details on the forthcoming annual general meeting…, Details of the sell-side analysts that cover the Standard Bank Group…, An ADR is a negotiable United States (US) certificate representing ownership of shares in a non-US corporation…. Australia: 073 911 1378 To accommodate the lockdown requirements and protect our people, certain branches were temporarily closed and teams were reorganised to maintain the delivery of key functions to our clients. Net interest margin (NIM) declined 57 bps to 387 bps. Interim Financial Statements 2020 - HSBC Bank Middle East Limited Author: HSBC Holdings plc Subject: Interim Results 2020 Keywords: interim results 2020 media release, interim results 2020, hbme, 1h20, hsbc bank middle east Created Date: 7/29/2020 2:00:27 PM Costs were flat. Interim Results presentation – 20 August 2020 10h00 Sim Tshabalala: OPENING REMARKS Good morning ladies and gentlemen. 08h00 SA time In August 2019, the group exercised its option to sell its 20% stake in ICBC Argentina to the Industrial and Commercial Bank of China (ICBC). Liberty reported a headline loss of R2.3 billion (1H19: earnings of R2.0 billion). Download PDF ... Standard Bank CIB. Integrated, governance and remuneration reports, financial statements and notices to shareholders…, The full suite of financial results and reports…, Our most recent and archived presentations…, Quarterly disclosures in accordance with the Basel Committee on Banking Supervision…, How we impact on the societies, economies and environments in which we operate…, Details on the forthcoming annual general meeting…, Details of the sell-side analysts that cover the Standard Bank Group…, An ADR is a negotiable United States (US) certificate representing ownership of shares in a non-US corporation…. Standard Bank Group is the largest African banking group by assets, Standard Bank Group 2020 Interim Results presentation, Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services  Act and a registered credit provider in terms of the National Credit Act, registration number NCRCP15, Register for alerts on the Vault investor platform. As one of the first banks to proactively offer client relief initiatives, we lived up to our brand promise and deepened our customer relationships. PBB revenues declined 1% to R35.1 billion. GM headline earnings increased 88% to R4.4 billion. This change will not affect any contracts or arrangements you have with the Bank and you do not need to take any action. Is it a good time to be buying a bank on the continent? It was expected that revenue from Nigeria, etc, would be affected by oil price, burn down of a store, etc. The stage 3 ratio increased while the stage 3 coverage ratio was maintained (relative to 31 December 2019). Publication of the financial results of Standard Bank Group Limited and The Standard Bank of South Africa Limited for the six month period ended 30 June 2020. We wish all our stakeholders strength during this difficult time and ask that they continue to partner us as we drive a return to growth for all. The deteriorating economic and trading environment, coupled with accounting and regulatory requirements relating to forward-looking expectations and Covid-19 client relief provided, drove a 26% increase in provisions held against loans and advances compared to 30 June 2019. End Date: 31 August 2020 Software licence, data lines and cloud costs increased as remote working and business continuity management drove higher usage. Our investor community helps us drive investment, trade and wealth creation worldwide . Standard Bank Group is a financial institution that offers banking and financial services to individuals, ... Tue Mar 24 00:00:00 SAST 2020. In South Africa, the business maintained its foreign exchange market share and improved its equities market share. The group’s Africa Regions business proved relatively resilient, delivering headline earnings growth of 11%, and 7% in constant currency (CCY). Fiscal diligence and urgent structural reforms are more important than ever. Deposits from customers grew 19% period on period to R1.5 trillion. NIR declined 5% as increased digital transactional volumes and modest annual price increases were insufficient to offset the significant lockdown-related decline in physical channel volumes, turnover reductions, a drop in trade activity and regulatory restrictions introduced on certain fees in Africa Regions. As at 30 June 2020, stage 3 loans represented 4.6% of the portfolio and provisions held against these loans remained sufficient at 46% (30 December 2019, 3.9% and 48% respectively). In addition, due to the considerable uncertainty and associated forecast risk, an additional R500 million provision was raised and held centrally. MENU DATA . International: +27 10 500 4108 In addition, system resilience and security remained key to driving digital adoption. Whilst necessary, the additional spending poses a material risk to the public debt trajectory. Key performance indicators. Credit impairment charges increased across most countries, with notable increases in Kenya, Tanzania, Uganda and Zimbabwe. We continue to proactively manage the costs recorded in the centre. For more on the interim results, visit reporting.standardbank.com. Other costs increased 3% as lockdown-driven reductions in discretionary spend, for example travel and entertainment, were offset by increases in information technology (IT) costs. Live cross to Standard Bank’s interim results presentation. Forecast risk remains high and should the outcome be worse than expected, additional provisions will be required. FINANCIAL RESULTS, RATIOS AND STATISTICS Change % 1H19 1H181 FY18 Standard Bank Group (SBG) Headline earnings contribution by business unit Total headline earnings Rm 6 13 361 12 663 27 865 Banking activities Rm 10 12 806 11 674 25 847 Personal & Business Banking (PBB) Rm 8 7 201 6 697 15 557 Corporate & Investment Banking (CIB) Rm 9 6 169 5 676 11 168 Central and other … Lower turnover, trade and transactional levels alongside regulatory directives placed a strain on fees. Headline earnings declined by 44% to R7.5 billion compared with nearly R13.4 billion in the same six months last year. CIB balance growth was client driven, in terms of both Covid-19 liquidity and/or other funding needs. Wealth International revenues were negatively impacted by lower interest rates (USD and GBP), albeit partially offset by higher fees from higher client FX transactional volumes. PBT GROUP LIMITED – Unaudited interim results 30 September 2020 27 November 2020 07:05 . In PBB AR, increases were driven principally by provisions raised in Ghana, Kenya, Namibia, Tanzania and Uganda. Client transaction flows increased significantly as clients sought advice in terms of navigating a complex and volatile environment. TPS headline earnings decreased 36% to R1.2 billion. This was quickly followed by extraordinary fiscal and monetary actions and fiscal stimulus (in particular, in developed markets) and a variety of regulatory actions. At the time of the change of control in 2012, the ARS/ZAR rate was c.0.5 and by the completion date it was c.4. While this should be supportive for NIR growth into 2H20, ongoing uncertainty is expected to constrain balance sheet growth. Interim Results 2020/21. Africa Regions delivered a strong performance. In addition, US/China tensions remain a risk. Lower interest rates are expected to persist throughout 2H20, which will put pressure on NII. Structural balance sheet changes required, following the South African sovereign downgrade, also impacted performance. Standard Bank Group, one of SA's big four banks, is announcing its 2020 interim results on Thursday August 20, with a live webcast from 10am … Basel Pillar 3 … Conference Replay 29 April 2020 Standard Chartered PLC – first quarter 2020 results Standard Chartered PLC (the Group) today releases its results for the quarter ended 31 March 2020. IB headline earnings declined 91% to R181 million. Applying the group’s accounting policy on IT intangibles, it was deemed necessary to impair the previously capitalised asset. The safety and wellbeing of our customers and employees has been, and remains, of utmost importance. The gain on sale added 11 bps to the group’s common equity tier 1 ratio. 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