Financial highlights
Find below key financial indicators and other high level financial information for Standard Bank Group
market capitalisation
total assets
total equity
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 % |