Standard Bank Group

Financial highlights

Find below key financial indicators and other high level financial information for Standard Bank Group

Standard Bank Group at a glance
R349 billion

market capitalisation

R3.1 trillion

total assets

R277 billion

total equity

R1.5 trillion

assets under management

Overview

Standard Bank Group is listed on the JSE and A2X, with share code SBK, and the Namibian Stock Exchange, share code SNB. As at 31 December 2023, the group’s market capitalisation was R349 billion (USD19 billion).

The group's headline earnings for the year ended 31 December 2023 were R42.9 billion (USD2.3billion) and total assets were R3.1 trillion (USD166.4 billion).

As at 31 December 2023, Standard Bank had over 18.8 million clients, employed over 50 000 people and had over 1 200 branches / points of representation and approximately 6 000 ATMs on the African continent.

Balance sheet

  Dec 2023
(ZAR bn)
Dec 2022
(ZAR bn)
Change
(%)
Gross loans and advances 1 471 1 383 6
Total assets 3 066 2 882 6
Deposits 2 002 1 889 6
Shareholders equity 236 218 8

Income Statement

  FY23
(ZAR m)
FY22
(ZAR m)
Change
(%)
Revenues 155 184 128 556 21
Operating expenses (79 722) (69 296) 15
Pre-provision operating profit 75 462 59 260 27
Credit impairment charges (16 262) (13 312) 22
Banking headline earnings 38 842 29 616 31
Insurance and Asset Management headline earnings 2 820 2 320 22
ICBCS earnings attributable (40% stake) 1 286 1 917 (33)
Group headline earnings 42 948 33 853 27

Per share breakdown

  FY23
(ZAR)
FY22
(ZAR)
Change
(%)
Headline earnings per share 2590.4 2050.4 26
Dividend per share 1423 1206 18

Ratios

  FY23 FY22
Cost-to-income ratio 51.4 % 53.9 %
Credit loss ratio 98 bps 83 bps
ROE 18.8 % 16.3 %
Dividend payout ratio 55 % 59 %
Common equity tier 1 ratio 13.7 % 13.4 %
Results and reports
Here you can find information about the group’s latest and historical financial results, integrated and society reports and presentations, as well as circular and other ad hoc documents.