7 October 2020. Our investor community helps us drive investment, trade and wealth creation worldwide . We remain committed to delivering a positive societal, economic and environmental impact. PBB headline earnings declined 60% to R2.9 billion and ROE declined to 7.5% (1H19: 20.1%). The increase was driven by the deterioration in customer risk profiles and forward-looking assumptions, additional charges associated with the client relief portfolio in PBB, and corporate and sovereign risk downgrades. These bold actions, combined with flattening infection curves, calmed markets somewhat and drove a recovery in 2Q20. Investment in technology platforms resulted in cost growth of 7%. We thank them for their service. Standard Bank Group, one of SA's big four banks, is announcing its 2020 interim results on Thursday August 20, with a live webcast from 10am … On completion, the group recognised a gain on sale of R1.4 billion and the accumulated FCTR reserve (debit) of R3.4 billion was released to earnings. Standard Bank employed just over 50 000 people (including Liberty) Gross loans and advances to customers grew 17% to R487 billion. 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%. At the time of the change of control in 2012, the ARS/ZAR rate was c.0.5 and by the completion date it was c.4. Standard Bank has maintained its position as the country’s biggest bank, ... Absa has updated its customer base in its 2020 interim results, revealing a base of 9.7 million customers. A transcript will be available 48 hours after the presentation. The sale was completed on 29 June 2020, post receipt of the necessary regulatory approvals. Deposits from customers grew 19% period on period to R1.5 trillion. 08h00 SA time Revenue grew 3%. Who we are. Presentations. The segment costs, including the R500 million (pre-tax) central provision amounted to R851 million (1H19: R593 million). The business continued to benefit from diversification across clients, sectors and regions. Covid-19 has led to the worst economic shock in living memory. TPS headline earnings decreased 36% to R1.2 billion. On behalf of everyone at the Standard Bank Group, thank you for joining us for our first fully online results presentation. Live cross to Standard Bank’s interim results presentation. While current CIB provision levels are deemed appropriate, CIB exposures, by their nature, are lumpy and additional provisions may be required if ratings deteriorate further and/or individual clients experience difficulties. Mortgages and VAF represented 62% and 23% of the PBB SA client relief portfolio respectively. In addition, the South African government implemented a sizeable stimulus package to support those most vulnerable. Costs incurred specifically related to Covid-19 totalled R279 million in 1H20. Australia: 073 911 1378 Theeparation pr of the financial results was supervised by the group financial director, Arno Daehnke BSc, MSc, PhD, MBA, AMP. Calendar; About us. The stage 3 ratio increased while the stage 3 coverage ratio was maintained (relative to 31 December 2019). As at 30 June 2020, Covid-19 client relief provided by PBB AR totalled R11 billion representing 12% of the PBB AR portfolio. Digital active customers increased 13% to 2.6 million. 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. STANDARD BANK GROUP FINANCIAL RESULTS PRESENTATION 1H20 20 August 2020. Global Markets (GM) revenue grew 43% on the back of strong risk management and increased client activity in volatile markets. A transcript will be available 48 hours after the presentation. Cost growth was contained at 5%, delivering positive jaws of 639 bps and an improved cost-to-income ratio of 49.6%. Where appropriate, PBB has agreed to extend payment holidays and other relief measures. Globally, 1H20 has been dominated by the Covid-19 pandemic (Covid-19) and the distressing human and economic cost thereof. Costs were well contained despite ongoing investment in digital capabilities and higher regulatory charges. 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. Africa Regions had a strong half with revenue increasing by 53%, driven principally by Nigeria and Angola. The group’s Africa Regions business and Corporate and Investment Banking business, most notably Global Markets, delivered strong top line growth. 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. The group maintained its net stable funding ratio in excess of the 100% regulatory requirement. In the month of July, customer activity and business turnover levels continued to recover. STANDARD BANK GROUP 7 TCFD Interim Report 2020 Impact of climate-related risks and opportunities on business, strategy and financial planning Standard Bank has undertaken a preliminary assessment of high carbon emitting sectors in our portfolio. And, in doing so, we will also deliver on our purpose of driving Africa’s growth. CIB balance growth was client driven, in terms of both Covid-19 liquidity and/or other funding needs. Trading revenues are expected to be below 1H20 levels. For more on the interim results, visit reporting.standardbank.com. The deteriorating economic and trading environment, coupled with accounting and regulatory requirements relating to forward-looking expectations and Covid-19 client relief provided, drove a 26% increase in provisions held against loans and advances compared to 30 June 2019. 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). The group’s capital position remained robust, with a common equity tier 1 capital adequacy (CET1) ratio as at 30 June 2020 of 12.6%, well in excess of the regulatory minimum of 7%. Higher other fee and commission revenue was largely driven by growth in assets under management in Nigeria and commitment and arrangement fees from client deals in South Africa and International. Is it a good time to be buying a bank on the continent? Annual Reports. The top six contributors to Africa Regions’ headline earnings remained Angola, Ghana, Kenya, Mozambique, Nigeria and Uganda. Supply chains were disrupted, and demand declined. 20 August 2020 Interim Financial Results. PBB provisions held against loans and advances increased 28% period on period, with a large part of the increase driven by increases in South Africa. A partial resumption of economic activity, following the relaxation of the lockdown regulations in the second half of May and in June, resulted in a partial recovery of transactional volumes and values and, in turn, NIR by the end of the period. 2020 Interim Results Highlights See results summary. During this period of significant volatility and disruption, CIB continued to proactively engage with clients to provide tailored funding, liquidity and risk management solutions. Leveraging the group’s strong capital position, we will continue to work with our individual, business and corporate clients, in a responsible manner, to find suitable solutions to enable them to participate and support the much-needed transition to the recovery phase. The Standard Bank of South Africa Limited (Reg. Lower interest rates are expected to persist throughout 2H20, which will put pressure on NII. In line with the South African Reserve Bank’s guidance, the SBG Board has not declared an interim dividend. USA : 1 412 317 0088 The gain on sale and the FCTR impact are both outside of headline earnings and therefore, did not impact group headline earnings. During this time, we have remained steadfast in support of our clients, our employees and the communities in the countries in which we operate. The deterioration in macro-economic assumptions drove higher forward-looking provisions. Standard Bank (including our owners, agents, consultants, employees and any affiliated person) are not responsible for any loss that results from: any technical or other problem (including interruption, malfunction, downtime or other failure) that affects this website, system or any online service or any database for any reason; We wish all our stakeholders strength during this difficult time and ask that they continue to partner us as we drive a return to growth for all. Deeds and vehicle registration offices were closed in April and the first half of May, stalling mortgage and vehicle and asset finance (VAF) portfolio growth. Positive jaws of 100 bps supported pre-provision operating profit, which grew 4% period on period to R24.3 billion. A virtual presentation of the results will be held at 07:30 UKT / 15:30 HKT. Client behaviour post the expiry thereof will be key. Negative endowment, and related margin compression, more than offset the revenue increases related to balance sheet growth. Archive. Covid-19 related regulatory actions included wide-spread interest rate cuts, easing of capital and liquidity requirements and fee waivers and restrictions. Sub-Saharan Africa experienced record capital outflows and financial conditions tightened. PBB revenues declined 1% to R35.1 billion. We're here for you as we face this pandemic. 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…. This was more than offset by higher insurance, asset management and foreign currency service fees as well as higher point of representation fees. 2019 ANNUAL RESULTS GROUP Authorised financial services and registered credit provider (NCRCP15). ... As a result, our 440,000 colleagues have been able to make a significant and lasting contribution towards keeping their nations fed. Strict lockdowns brought the economy to a near-standstill. Physical transactions are expected to continue to decline as the transition to digital accelerates post Covid-19. International: +27 10 500 4108 Interim Results presentation – 20 August 2020 10h00 Sim Tshabalala: OPENING REMARKS Good morning ladies and gentlemen. Explore Standard Chartered share price and dividend information here. The poor economic outlook and declining inflation trend paved the way for cumulative interest rate cuts equating to 275 bps in the period. Liberty reported a headline loss of R2.3 billion (1H19: earnings of R2.0 billion). 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. CONTENTS 1 Highlights 2 Overview of financial results 6 Independent auditor’s review report on interim financial statements 7 Condensed consolidated statement of financial position 8 Condensed consolidated ... 8 May 2020. Who we are. The net impact of R2.0 billion negatively impacted earnings attributable to the group in 1H20. Our 3Q 2020 results were released at 04:15 UKT / 12:15 HKT on Thursday 29 October 2020 on our website. As a group operating across the continent, with operations and clients across the globe, we need to adapt to remain relevant. Underlying client growth has continued, with both client lending and discretionary assets under management increasing period on period. Interim Financial Statements 2020 - HSBC Bank Middle East Limited Author: HSBC Holdings plc Subject: Interim Results 2020 Keywords: interim results 2020 media release, interim results 2020, hbme, 1h20, hsbc bank middle east Created Date: 7/29/2020 2:00:27 PM Presentations. RESULTS for the six months ended 30 June 2020 SBN Holdings Limited. The client sectors driving growth were Consumer (mainly Agriculture and Consumer Packaged Goods), Financial Institutions, Oil & Gas and Telecom & Media. A foreign currency translation reserve (FCTR) accumulated over the life of the investment due to the devaluation of the Argentine Peso (ARS) vs ZAR. Archive. In PBB AR, increases were driven principally by provisions raised in Ghana, Kenya, Namibia, Tanzania and Uganda. Forecast risk remains high and should the outcome be worse than expected, additional provisions will be required. PBB AR recorded strong revenue growth. 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