Last 13,879
Change Today +99.00 / 0.72%
Volume 544.4K
As of 4:14 AM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

standard bank group ltd (SBK) Snapshot

Open
$13,760
Previous Close
$13,780
Day High
$13,879
Day Low
$13,675
52 Week High
07/29/14 - $14,990
52 Week Low
08/28/13 - $11,215
Market Cap
224.6B
Average Volume 10 Days
2.7M
EPS TTM
$10.83
Shares Outstanding
1.6B
EX-Date
09/8/14
P/E TM
12.8x
Dividend
$559.00
Dividend Yield
3.88%
Current Stock Chart for STANDARD BANK GROUP LTD (SBK)

standard bank group ltd (SBK) Details

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 products, including homeowners’ insurance, funeral cover, household contents and vehicle insurance, and loan protection, as well as life, disability, and investment policies; and financial planning and wealth management services. Its Corporate & Investment Banking segment provides fixed income and currency, commodity, and equity trading services; transactional banking, trade finance, and investor services; and advisory services, debt products, structured finance, structured trade and commodity finance, and debt and equity capital markets services, as well as real estate finance and investment in real estate. This segment serves governments, parastatals, corporates, financial institutions, and international counterparties. The company’s Liberty segment provides investment management and life insurance solutions, such as long-term investment, long-term risk, pension fund management, asset management, endowment and retirement annuities, corporate benefits, and healthcare and health insurance, as well as investment-related advice and solutions. Standard Bank Group Limited operates through 1,283 branches and 8,611 automated teller machines. The company was founded in 1862 and is headquartered in Johannesburg, the Republic of South Africa.

48,808 Employees
Last Reported Date: 04/26/14
Founded in 1862

standard bank group ltd (SBK) Top Compensated Officers

Group Chief Executive, Executive Director, Ch...
Total Annual Compensation: R27.1M
Group Chief Executive, Executive Director, Me...
Total Annual Compensation: R26.9M
Chief Financial Officer, Group Chief Operatin...
Total Annual Compensation: R18.9M
Chief Executive Officer of Corporate & Invest...
Total Annual Compensation: R34.6M
Member of Group Model Approval Committee and ...
Total Annual Compensation: R25.5M
Compensation as of Fiscal Year 2013.

standard bank group ltd (SBK) Key Developments

Standard Bank Group Limited Announces Dividend on Ordinary Shares; Announces Dividend on Preference Shares, Payable on September 8, 2014; Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Shareholders of Standard Bank Group Limited announced the following dividend declarations out of income reserves in respect of ordinary shares and preference shares. Ordinary shareholders are advised that the board of directors (the board) has resolved to declare an interim gross cash dividend No. 90 of 259 cents per ordinary share (the cash dividend) to ordinary shareholders recorded in the register of the company at the close of business on September 12, 2014. The last day to trade to participate in the dividend is September 5, 2014. Ordinary shares will commence trading ex dividend from September 8, 2014. Preference shareholders are advised that the board has resolved to declare the following interim distributions: 6.5% first cumulative preference shares (first preference shares) dividend No. 90 of 325 cents (gross) per first preference share, payable on September 8, 2014, to holders of first preference shares recorded in the books of the company at the close of business on the record date, September 5, 2014. The last day to trade to participate in the dividend is August 29, 2014. First preference shares will commence trading ex dividend from September 1, 2014. Non-redeemable, non-cumulative, non-participating preference shares (second preference shares) dividend No. 20 of 340.58 cents (gross) per second preference share, payable on September 8, 2014, to holders of second preference shares recorded in the books of the company at the close of business on the record date, September 5, 2014. The last day to trade to participate in the dividend is August 29, 2014. Second preference shares will commence trading ex dividend from September 1, 2014. The company reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the six months, the company’s net interest income was ZAR 21,615 million compared to ZAR 18,834 million reported a year ago. Total income was ZAR 81,857 million compared to ZAR 66,138 million reported a year ago. Net income before goodwill impairment and gains on disposal of subsidiaries was ZAR 15,848 million compared to ZAR 13,552 million reported a year ago. Profit before direct taxation was ZAR 15,206 million compared to ZAR 12,950 million reported a year ago. Profit from continuing operations was ZAR 11,291 million or 571.9 cents per diluted share compared to ZAR 9,874 million or 519.0 cents per diluted share reported a year ago. Profit attributable to ordinary shareholders was ZAR 8,239 million or 508.2 cents per diluted share compared to ZAR 8,066 million or 505.8 cents per diluted share reported a year ago. ROE was 12.7% compared to 13.8% reported a year ago. Headline earnings were ZAR 8,230 million compared to ZAR 8,046 million reported a year ago. Headline earnings from continuing operations were ZAR 9,262 million compared to ZAR 8,256 million reported a year ago. Net cash outflow from operating activities was ZAR 863 million compared to ZAR 6,455 million reported a year ago. Capital expenditure on property, equipment and intangible assets was ZAR 3,218 million compared to ZAR 3,295 million reported a year ago. Normalised revenue was ZAR 81,984 million compared to ZAR 66,236 million reported a year ago. Normalised profit was ZAR 8,315 million compared to ZAR 8,169 million reported a year ago. Total income and expenses grew by 12% while credit impairments declined by 1% due to lower corporate credit losses. Net income before taxation grew by 20% and profit from continuing operations was 15% higher after accounting for the higher group tax rate. Total income grew by 12%, with net interest income increasing 14% primarily due to margin expansion of 14 base points that benefited from higher South African interest rates, and growth in deposits and advances in the rest of Africa. Normalised headline earnings were ZAR 8,306 million or 513 cents per share compared to ZAR 8,149 million or 506 cents per share reported a year ago. Normalised headline earnings from continuing operations were ZAR 9,338 million compared to ZAR 8,359 million reported a year ago.

Standard Bank Group Limited, H1 2014 Earnings Call, Aug 14, 2014

Standard Bank Group Limited, H1 2014 Earnings Call, Aug 14, 2014

Anglo American To Sell Nine Mines

Anglo American plc (LSE:AAL) is planning to put up for sale nine more mines, said Standard Bank Group Limited (JSE:SBK). Mark Cutifani, Chief Executive Officer of Anglo American, said that he would consider disposing of assets that pull down the average of return on capital. Tim Clark, Head of Mining and Metals Research at Standard Bank, said in a note to investors, "It is likely that a divestment program will be announced for the Tier-3 assets that Anglo is unable to turn around." A spokesman for Anglo in London declined to comment to Bloomberg. According to Clark, Anglo American may sell nine further assets. Clark added that the mines include metallurgical coal mines Callide and Foxleigh in Australia and the Kleinkopje thermal coal mine in South Africa.

 

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