SBN Holdings Ltd 2023 AR2
The report highlights Standard Bank PLC's financial and operational performance for the fiscal year ended December 31, 2023. Despite a challenging macroeconomic environment in Malawi, including a 44% currency devaluation and high inflation, the Group achieved a 34% increase in profit after tax to MK52.5 billion. The bank advanced financial inclusion through its Unayo digital platform, which benefited over 153,000 individuals, and pledged 1% of its net profit to social, economic, and environmental initiatives. Additionally, the Group supported local communities through healthcare expansions, disaster relief efforts, and educational scholarships.
Company: SBN Holdings Ltd
Sector: Financials
Country: Namibia
Year: 2023
Type: AR2
Pages: 100
SBN Holdings Ltd
Annual Report
The report highlights Standard Bank PLC's financial and operational performance for the fiscal year ended December 31, 2023. Despite a challenging macroeconomic environment in Malawi, including a 44% currency devaluation and high inflation, the Group achieved a 34% increase in profit after tax to MK52.5 billion. The bank advanced financial inclusion through its Unayo digital platform, which benefited over 153,000 individuals, and pledged 1% of its net profit to social, economic, and environmental initiatives. Additionally, the Group supported local communities through healthcare expansions, disaster relief efforts, and educational scholarships.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Employees