Standard Bank Group Ltd 2014 IR
The report highlights Standard Bank Group's performance for the fiscal year 2014, during which pro forma continuing operations' headline earnings grew by 12% to R19.6 billion, despite a challenging macroeconomic environment. The group successfully completed the disposal of a 60% interest in Standard Bank Plc to ICBC, supporting its Africa-focused growth strategy. Additionally, the 10-year lock-in period of the Tutuwa BEE scheme ended, generating R10.7 billion in net wealth for beneficiaries. The group also continued its extensive IT transformation, migrating 11.1 million customers to its new core banking systems.
Company: Standard Bank Group Ltd
Sector: Finance & insurance
Country: South Africa
Year: 2014
Type: IR
Pages: 200
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Standard Bank Group Ltd
Annual Integrated Report
The report highlights Standard Bank Group's performance for the fiscal year 2014, during which pro forma continuing operations' headline earnings grew by 12% to R19.6 billion, despite a challenging macroeconomic environment. The group successfully completed the disposal of a 60% interest in Standard Bank Plc to ICBC, supporting its Africa-focused growth strategy. Additionally, the 10-year lock-in period of the Tutuwa BEE scheme ended, generating R10.7 billion in net wealth for beneficiaries. The group also continued its extensive IT transformation, migrating 11.1 million customers to its new core banking systems.
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Document Details
Report Year
2014
Reporting Period
Jan 1, 2014 - Dec 31, 2014
Fiscal Year
2014
Published
Mar 4, 2015
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees