Get to know your JSE companies: STANDARD BANK GROUP LTD (JSE:SBK)

Standard Bank recently released its interim results for the period ended 30 June 2020. The group reported record revenues of R56 billion for 1H2020, despite the headwinds created by COVID-19. Group headline earnings per share were down by 43% to 473.8 cents (1H2019: 837 cents), and basic earnings per share declined by 71% to 236.7 cents (1H2019: 827 cents.

Standard Bank reported an increase in credit impairment charges, reflective of the challenging macroeconomic environment, with continued strain on corporates and the consumer.

Click here to download the full PDF report.

Leave a Reply