Standard Bank PLC 2024 AR2
The report highlights Standard Bank PLC's financial and sustainability performance for the fiscal year ended December 31, 2024. The company achieved a profit after tax of MK86.4 billion, representing a 64% increase from the previous year, with a capital adequacy ratio of 24.11% and return on equity of 33%. On its sustainability journey, the company allocated 1% of its profit after tax to community initiatives, including healthcare equipment donations, secondary school and university scholarships, and environmental conservation. Additionally, the company successfully completed the Finacle core banking localization project, transitioning its banking system to be hosted locally in Malawi.
Company: Standard Bank PLC
Sector: Financials
Country: Malawi
Year: 2024
Type: AR2
Pages: 104
Standard Bank PLC
Annual Report
The report highlights Standard Bank PLC's financial and sustainability performance for the fiscal year ended December 31, 2024. The company achieved a profit after tax of MK86.4 billion, representing a 64% increase from the previous year, with a capital adequacy ratio of 24.11% and return on equity of 33%. On its sustainability journey, the company allocated 1% of its profit after tax to community initiatives, including healthcare equipment donations, secondary school and university scholarships, and environmental conservation. Additionally, the company successfully completed the Finacle core banking localization project, transitioning its banking system to be hosted locally in Malawi.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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
Employees