Archive. Standard Bank Group 2020 Interim Results presentation. From a sector perspective, the Consumer (primarily Retail and Hospitality), Industrials, Oil & Gas, Power & Infrastructure and Real Estate sectors were most impacted. Fiscal diligence and urgent structural reforms are more important than ever. 2020 Interim Results Summary Standard Bank Groupâs (SBG or the group) results for the six months ended 30 June 2020 (1H20) reflect that of a resilient, well diversified underlying franchise, negatively impacted by a very difficult environment, particularly in South Africa. Net interest income (NII) was flat as balance sheet growth was offset by margin compression. Australia: 073 911 1378 Standard Bank Groupâs headline earnings for the six months to 30 June 2020 were R7.5 billion (USD453 million) and at 30 June 2020 total assets were R2.6 trillion (USD151 billion). ICBC Standard Bank (ICBCS) recorded a profit of USD70 million in 1H20 (1H19: loss of USD130 million). 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%. 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. Lockdowns encouraged customers to transition to our digital channels. The deteriorating credit environment drove a 39% increase in risk-weighted assets (RWA) period on period. Applying the group’s accounting policy on IT intangibles, it was deemed necessary to impair the previously capitalised asset. Structural balance sheet changes required, following the South African sovereign downgrade, also impacted performance. The Shareholder Investment Portfolio performance reflected negative investment market returns, particularly in respect of foreign and local equities. PBB Africa Regions (PBB AR) gross loans and advances grew 20% to R89 billion, supported by ongoing focus on client ecosystem origination, digital client onboarding and digital disbursements, as well as a weaker ZAR period on period. GROUP RESULTS ... Namibia SBN Holdings Limitedâs 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. ... As a result, our 440,000 colleagues have been able to make a significant and lasting contribution towards keeping their nations fed. 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…. The Board will take into account the SARB’s guidance and group’s capital position and the outlook before deciding whether to declare a final dividend. Fairbairn Private Bank Board of Executives Nedcor Investment Bank Peoples Bank SENS announcements. Software licence, data lines and cloud costs increased as remote working and business continuity management drove higher usage. Lockdowns disrupted businesses and impacted client incomes. The gain on sale added 11 bps to the group’s common equity tier 1 ratio. 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). Financial results. 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). 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…. 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. Key focus areas. 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 approximatelyÂ R169 billion for the six months to 30 June 2020…. Key performance indicators. ESG. Standard Bankâs interim results [â¦] 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. 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