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Consumers are embracing the technology offered by virtual cards, as Standard Bank starts to see the benefits of online shopping ecosystem, nine months after the launch its virtual card proposition. In the past nine months, virtual card payments have increased by more than 300%, though they started off at a very low base.
Headline earnings: R13 361 million, up 6%
Headline earnings per share (HEPS): 837 cents, up 5%
Dividend per share: 454 cents, up 6%
Common equity tier (CET) 1 ratio: 14.0% (1H18: 13.8%)
Net asset value (NAV) per share: 10 511 cents up 8%
Return on equity (ROE): 16.2% from 16.8%
Cost-to-income ratio: 57.0% (1H18: 57.6%)
Credit loss ratio: 76bps (1H18: 62bps)
For the period ended 30 June 2019 (1H19) headline earnings were R13.4 billion, an increase of 6% on the prior period (1H18), and return on equity (ROE) was 16.2%. The group’s capital position remained strong, with a common equity tier 1 (CET1) ratio of 14.0%, which supported the interim dividend of 454 cents per share, an increase of 6% on the prior period.
Johannesburg, August 8, 2019 – In November 2012, the group completed the disposal of a controlling interest in each of Industrial and Commercial Bank of China (Argentina) S.A. (previously Standard Bank Argentina S.A.),
Johannesburg, August 1, 2019 – Digital money transfers are becoming South Africa’s favourite way of transferring cash across the country with volumes climbing at the end of each month, during long weekends, school holidays and during traditional peak holiday seasons.
Johannesburg 24 July 2019 - Standard Bank Group’s insurance arm, Standard Insurance Limited, best known for no-claim cashbacks of up to 20% as well as is 13th month no-premium benefits, is leveraging innovation to offer a new Car and Home insurance App.
Johannesburg - 22 May 2019 - Standard Bank is leveraging its digital capabilities to create superior digital platforms that enhance customer experience and enable easy and affordable access to banking services. As part of this, the bank has launched several innovative and digital firsts. This week Standard Bank introduces a R4.95p/m bank account called MyMo that customers can open on their mobile devices, loaded with data and airtime offerings and other benefits such as virtual and Gold physical card.
Johannesburg - 6 May 2019 - South African farming has entered the technological age- an age where data, measurements, alternative power sources, sensors and even the cell phone are working together to meet the challenges of increasing yields and productivity. The danger of technology, however, is that it can become overwhelming if not correctly assessed, says Standard Bank.
Johannesburg, 2 May 2019 – Standard Bank has introduced an innovative way of pricing new home loans from April 2019. The pricing will result in lower monthly home loan payments as the loan is repaid. The effective interest rate will also reduce with every payment, resulting in huge savings over time! This completely breaks the traditional single interest rate customers have typically received over their 20 to 30 year terms.
Johannesburg, 29 April 2019 – Standard Bank Group and Microsoft today announced a new strategic partnership that will help to transform the bank’s technology estate and internal corporate functions, enabling the largest bank in Africa to accelerate its digital transformation journey significantly improving its employee experience.
Johannesburg, 23 April 2019 – Standard Bank Group has selected the Moody’s Analytics CreditLens™ solution to digitize and automate its credit processes. Built on the latest cloud-based technology, the CreditLens platform helps financial institutions digitally transform their commercial credit processes to make faster and better-informed credit decisions.
Johannesburg, 15 April 2019 – Energy is the single biggest driver of economic growth in emerging markets, specifically, in Africa where access to affordable and reliable energy is crucial.
Johannesburg, 5 April 2019 – Standard Bank Group has appointed Mr. Tau Mashigo as its new Chief Technology Officer (CTO), effective 1 April, reporting to the Chief Information Officer (CIO).
Seattle - 27 March 2019 - Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Standard Bank Group has selected AWS as its preferred cloud provider with the intention of migrating its production workloads,
Johannesburg, 14 March 2019 - Standard Bank is realigning its retail and business banking delivery model to the changing needs of customers amid rapid adoption of digital banking products and services.
Johannesburg – 08 March 2019 – As part of its commitment to gender equality Standard Bank will make a bold statement on International Women’s Day by changing the colour of its logos on the vast majority of its digital platforms from blue to magenta, the same colour as the UN Women HeForShe brand.
Sim Tshabalala, Standard Bank Group CEO says: “Standard Bank Group delivered sustainable earnings growth and improved returns, underpinned by the strength and breadth of our client franchise.”
Johannesburg, 20 February 2019 – Property rights, education and skills are crucial to SA’s economic future and Craig Polkinghorne, head of Commercial Banking, Standard Bank, welcomed the focus placed on addressing these key issues in Wednesday’s Budget.
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