how, when, and why bad apples spoil the barrel: negative group
Standard Bank Group Fact sheet - The Vault Bank Group, are: Fitch Ratings BBB- (negative) and...
2
About Standard Bank Group (the group) Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value. This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub-Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC). In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth on this continent we call home. Our headline earnings for the year ended 31 December 2016 were R23 billion (USD1.6 billion) and at 31 December 2016 total assets were R1.95 trillion (USD143 billion) and market capitalisation was R246 billion (USD18 billion). Standard Bank employed almost 55 000 people (including Liberty) across all geographies and has 1 211 branches and 8 822 ATMs on the African continent. The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative) and Moody’s Baa2 (negative). The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign. Africa is our home, we drive her growth COST-TO-INCOME RATIO 56.3% 2015: 56.5% RETURN ON EQUITY 15.3% 2015: 15.6% Directors: TS Gcabashe (Chairman), Shu Gu** (Deputy chairman), JH Maree (Deputy chairman), SK Tshabalala* (Chief executive), BJ Kruger* (Chief executive), Dr A Daehnke*, RMW Dunne # , G Fraser-Moleketi, GMB Kennealy, NNA Matyumza, Adv KD Moroka, Dr ML Oduor-Otieno ## , AC Parker, ANA Peterside ### , MJD Ruck, PD Sullivan***, BS Tshabalala, JM Vice, Wenbin Wang**, EM Woods *Executive director **Chinese ***Australian # British ## Kenyan ### Nigerian Contacts Investor relations Sarah Rivett-Carnac Tel: +27 11 631 6897 [email protected] Group secretary Zola Stephen Tel: +27 11 631 9106 Customers 0860 123 000 [email protected] Physical address 9th Floor, Standard Bank Centre, 5 Simmonds Street, Johannesburg 2001 Postal address PO Box 7725, Johannesburg, 2000 Share transfer secretaries in South Africa: Computershare Investor Services (Pty) Limited Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 PO Box 61051, Marshalltown, 2107 Namibia: Transfer Secretaries (Pty) Limited, 4 Robert Mugabe Avenue, Windhoek, Namibia PO Box 2401, Windhoek, Namibia Independent sponsor Deutsche Securities (SA) (Pty) Limited Joint sponsor The Standard Bank of South Africa Limited (acting through its Corporate & Investment Banking business unit) HEADLINE EARNINGS R23 009 million 2015: R22 187 million + 4 % DIVIDEND PER SHARE 780 cents 2015: 674 cents + 16 % Standard Bank Group Fact sheet 31 December 2016
Transcript of Standard Bank Group Fact sheet - The Vault Bank Group, are: Fitch Ratings BBB- (negative) and...
About Standard Bank Group (the group)
Our vision is to be the leading financial services organisation in, for and across Africa, delivering exceptional client experiences and superior value.
This sets the primary goals and standard of excellence we intend to achieve in the medium term. With a heritage of over 150 years, we have an on-the-ground presence in 20 countries in sub-Saharan Africa; fit-for-purpose representation outside Africa; and a strategic partnership with the Industrial and Commercial Bank of China (ICBC).
In line with the realities of risk, regulation, technology and competition that characterise our operating context, we continue to invest significantly in our diversified operations; our people and culture; our systems and infrastructure; and our brand. In doing so, we understand that our commercial success and social relevance over the long term depends on placing our clients at the centre of everything we do, and ensures that the outcomes of our activities are a catalyst for growth
on this continent we call home.
Our headline earnings for the year ended 31 December 2016 were R23 billion (USD1.6 billion) and at 31 December 2016 total assets were R1.95 trillion (USD143 billion) and market capitalisation was R246 billion (USD18 billion). Standard Bank employed almost 55 000 people (including Liberty) across all geographies and has 1 211 branches and 8 822 ATMs on the African continent.
The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BBB- (negative) and Moody’s Baa2 (negative).
The group is listed on the JSE Limited, share code SBK, and the Namibian Stock Exchange, share code SNB. The largest bank in the world, ICBC, is a 20.1% shareholder in the group. Other than the 20.1% ICBC shareholding, 32.9% of Standard Bank’s shareholder base is foreign.
Africa is our home, we drive her growth
COST-TO-INCOME RATIO
56.3%2015: 56.5%
RETURN ON EQUITY
15.3%2015: 15.6%
Directors: TS Gcabashe (Chairman), Shu Gu** (Deputy chairman), JH Maree (Deputy chairman), SK Tshabalala* (Chief executive), BJ Kruger* (Chief executive), Dr A Daehnke*, RMW Dunne#, G Fraser-Moleketi, GMB Kennealy, NNA Matyumza, Adv KD Moroka, Dr ML Oduor-Otieno##, AC Parker, ANA Peterside###, MJD Ruck, PD Sullivan***, BS Tshabalala, JM Vice, Wenbin Wang**, EM Woods *Executive director **Chinese ***Australian #British ##Kenyan ###Nigerian
Contacts
Investor relationsSarah Rivett-Carnac Tel: +27 11 631 6897 [email protected]
Group secretaryZola Stephen Tel: +27 11 631 9106
Customers0860 123 000 [email protected]
Physical address9th Floor, Standard Bank Centre, 5 Simmonds Street, Johannesburg 2001
Postal addressPO Box 7725, Johannesburg, 2000
Share transfer secretaries inSouth Africa: Computershare Investor Services (Pty) Limited Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196 PO Box 61051, Marshalltown, 2107
Namibia: Transfer Secretaries (Pty) Limited, 4 Robert Mugabe Avenue, Windhoek, Namibia PO Box 2401, Windhoek, Namibia
Independent sponsorDeutsche Securities (SA) (Pty) Limited
Joint sponsorThe Standard Bank of South Africa Limited (acting through its Corporate & Investment Banking business unit)
HEADLINE EARNINGS
R23 009 million2015: R22 187 million
+4% DIVIDEND PER SHARE
780 cents2015: 674 cents
+16%
Standard Bank Group
Fact sheet31 December 2016
www.standardbank.com/reporting
Standard Bank Group Limited Registration No. 1969/017128/06 Incorporated in the Republic of South Africa
Change % 2016 2015
Standard Bank GroupTotal headline earnings Rm 4 23 009 22 187Banking activities Rm 9 22 062 20 323Ordinary shareholders’ equity Rm (0) 150 757 151 069Share statisticsHeadline earnings per ordinary share (EPS) cents 4 1 440.1 1 388.9Diluted headline EPS cents 3 1 420.8 1 376.8Basic EPS cents (7) 1 389.8 1 487.0Diluted EPS cents (7) 1 371.2 1 474.0Dividend per share cents 16 780.0 674.0Net asset value per share cents 0 9 442 9 433Number of ordinary shares in issueEnd of year thousands (0) 1 596 583 1 601 417Weighted average thousands 0 1 597 739 1 597 399Diluted weighted average thousands 0 1 619 444 1 611 522RatiosReturn on equity % 15.3 15.6Cost-to-income ratio % 56.3 56.5Credit loss ratio % 0.86 0.87Total capital adequacy ratio % 16.6 15.7Tier I capital adequacy ratio % 14.3 13.3Common equity tier I ratio % 13.9 12.9Employee statisticsNumber of employees 1 54 767 54 361
Personal & Business Banking
2016 2015
Headline earnings Rm 12 630 11 280Headline earnings change % ➜12 ➜15Headline earnings contribution to the group % 55 51Return on equity % 18.7 18.2Cost-to-income ratio % 60.2 60.3Credit loss ratio % 1.25 1.27Net loans and advances Rbn 628 629
Banking and other financial services to individual customers and small- to medium-sized enterprises in South Africa, the Africa regions and the Channel Islands
2016 2015
Headline earnings Rm 10 558 9 076Headline earnings change % ➜16 ➜82Headline earnings contribution to the group % 46 41Return on equity % 20.0 18.0Cost-to-income ratio % 53.2 55.8Credit loss ratio % 0.30 0.24Net loans and advances Rbn 501 521
Corporate & Investment BankingCorporate and investment banking services to clients including governments, parastatals, larger corporates, financial institutions and multinational counterparties
2016 2015
Normalised headline earnings as reported by Liberty Rm 2 527 4 128Headline earnings attributable to the group Rm 955 2 433Headline earnings change % 61 21Headline earnings contribution % 4 11Return on equity % 8.4 23.7Third party funds under management Rbn 365 358
➜
➜
LibertyLife insurance and investment management activities of the group companies in the Liberty Holdings Limited
Dividend per share and payout ratioCAGR (2011 – 2016): 13%
Cents
1 000
800
600
400
200
0
%
62.5
50.0
37.5
25.0
12.5
02011 2012 2013 2014 2015
674
2016
48.5
780
54.2
425■
■
47.9
455
47.5
533
49.2
598
55.3
Dividend per shareDividend payout ratio
Headline earnings per shareCAGR (2011 – 2016): 10%
Cents
1 389 1 440887 957 1 084 1 081■
2011 2012 2013 2014 2015 2016
1 500
1 200
900
600
300
0
