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March 29, 2015 3:25 AM ET

Banks

Company Overview of Standard Bank Group Limited

Company Overview

Standard Bank Group Limited, together with its subsidiaries, operates as a financial services company in the Republic of South Africa and internationally. The company’s Personal & Business Banking segment offers residential accommodation loans; installment sale and finance leases, such as finance of vehicles to personal market customers, and finance of vehicles and equipment in the business market; credit cards and merchant transaction acquiring services; and transactional and lending products comprising deposit taking activities, electronic banking, cheque accounts, and other lending products, as well as debit card services. This segment also provides short-term and long-term insurance prod...

Standard Bank Centre

9th Floor

5 Simmonds Street

Johannesburg,  2001

South Africa

Founded in 1862

Phone:

27 11 636 9111

Fax:

27 11 636 4207

Key Executives for Standard Bank Group Limited

Group Chief Executive, Executive Director, Chairman of Group Model Approval Committee, Member of Group Social & Ethics Committee and Chairman of Standard Bank Plc
Age: 54
Total Annual Compensation: $27.1M
Group Chief Executive, Executive Director, Member of Group Social & Ethics Committee and Chief Executive of Standard Bank of South Africa
Age: 46
Total Annual Compensation: $26.9M
Chief Financial Officer, Group Chief Operating Officer, Group Financial Director, Executive Director and Member of Group Model Approval Committee
Age: 58
Total Annual Compensation: $18.9M
Chief Executive Officer of Corporate & Investment Banking (Cib) and Member of Group Model Approval Committee
Age: 43
Total Annual Compensation: $34.6M
Member of Group Model Approval Committee and Chief Executive of Personal & Business Banking - The Standard Bank of South Africa
Age: 47
Total Annual Compensation: $25.5M
Compensation as of Fiscal Year 2013.

Standard Bank Group Limited Key Developments

Standard Bank Group Limited Announces Common Dividend for the Year Ended December 31, 2014 ; Announces Preference Dividend for the Year Ended December 31, 2014, Payable on April 17, 2015

Standard Bank Group Limited announced the final dividend of 339 cents per share has been declared bringing the total dividend for the year to 598 cents per share, a 12% increase on 2013. The company announced the dividend of 3.25 cents (gross) per first preference share, payable on  April 20, 2015, to holders of first preference shares  recorded in the books of the company at the close of business on the record date 17 April 2015.

Standard Bank Group Limited Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Standard Bank Group Limited reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, on International Financial Reporting Standards basis, net interest income was ZAR 45,152 million compared to ZAR 39,311 million a year ago. Total income was ZAR 163,681 million compared to ZAR 158,646 million a year ago. Net income before taxation was ZAR 34,274 million compared to ZAR 28,608 million a year ago. Profit attributable to ordinary shareholders was ZAR 17,905 million compared to ZAR 16,206 million a year ago. Headline earnings were ZAR 20,882 million compared to ZAR 17,405 million a year ago. Diluted earnings per share from continuing operations were 1,357.6 cents compared to 1,072.2 cents a year ago. Group headline earnings were ZAR 17,137 million compared to ZAR 16,986 million a year ago. Net cash flows from operating activities were ZAR 29,654 million compared to ZAR 24,020 million a year ago. Return on equity on continuing operations was 13.0% compared to 14.2% a year ago. Headline earnings per share were 1.070 cents against 1.065 cents a year ago. Capital expenditure was 8,426 million compared to ZAR 8,143 million a year ago. On normalized basis, net interest income was ZAR 45,256 million compared to ZAR 39,248 million a year ago. Total income was ZAR 84,240 million compared to ZAR 73,505 million a year ago. Net income before taxation was ZAR 30,062 million compared to ZAR 22,887 million a year ago. Profit attributable to ordinary shareholders was ZAR 15,933 million compared to ZAR 14,261 million a year ago. Headline earnings were ZAR 17,323 million compared to ZAR 17,194 million a year ago.

Standard Bank Group Limited, 2014 Earnings Call, Mar 05, 2015

Standard Bank Group Limited, 2014 Earnings Call, Mar 05, 2015

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Recent Private Companies Transactions

Type
Date
Target
Buyback
May 29, 2014
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