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STANDARD BANK GROUP LIMITED


EQUITIES


SBK


ZAE000109815


BANKS

End-of-day quote Johannesburg S.E.
Other stock markets


2024-12-13 5-day change 1st Jan Change 229.69 ZAR +0.41% -1.10% +10.37%

Dec. 02 Standard Bank Group Limited - Special Call Dec. 02 European Midday
Briefing : Political Turmoil in France Subdues Investors DJ

Summary
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Profile Governance Share ownership Group Connections
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Publications Other languages Trading Ideas MarketScreener Editorial Features
MarketScreener Strategies


AFRICAN DEVELOPMENT BANK GROUP TO EXTEND FACILITIES WORTH $200 MILLION AND ZAR
3.6 BILLION TO STANDARD BANK GROUP TO INCREASE TRADE IN AFRICA AND SUPPORT SMALL
AND MEDIUM-SIZED ENTERPRISES (SMES)

December 13, 2024 at 03:36 am EST
Share


The Board of Directors of the African Development Bank Group (www.AfDB.org)has
approved two financial facilities for South-Africa based Standard Bank Group to
support economic development in Africa. The first is a $200 million trade
finance risk participation agreement (RPA) for Standard Bank of South Africa
Limited; the second is a ZAR 3.6 billion investment in a social bond issued by
the Standard Bank Group (SBG).

The partnershipwill bolster Standard Bank Group's capital, increase support for
small and medium-sized enterprises (SMEs) in South Africa and expand trade
across the African continent.



The social bond, to be listed on the Johannesburg Stock Exchange, represents an
innovative approach to sustainable financing. Bond proceeds will go to support
SME lending initiatives under the Standard Bank Group's Sustainable Finance
Framework.

The Risk Participation Agreement will enable the scale up of trade finance
support to local banks, thus enhancing trade finance capabilities across the
continent including in low-income countries and transition states. This will
alleviate trade financing constraints for businesses and reduce the trade
finance gap on the continent while promoting intra-African trade.

African Development Bank Vice President for Private Sector, Infrastructure and
Industrialization Solomon Quaynor said: "This partnership between the African
Development Bank and Standard Bank Group exemplifies our commitment to driving
sustainable economic growth in Africa. By supporting SMEs and fostering
inclusive financial solutions, we are taking significant steps towards achieving
our vision of a prosperous continent where every individual has the opportunity
to thrive."

Commending Standard Bank Group on its commitment to sustainability, African
Development Bank Director for Financial Sector Development Ahmed Attout said:
"This intervention innovatively builds on SBG's Sustainable Finance Framework,
utilizing local debt capital markets to support financing to key segments
including SMEs."

Standard Bank Group's Deputy CEO Kenny Fihla hailed the African Development Bank
Group as a strategic partner.

"Structuring the funding as a social bond highlights the importance of the
group's social impact and aligns with the continued support of our existing
strategy within our Business and Commercial Banking division to drive financial
inclusion through lending to SMEs in our biggest market, South Africa," he said.

Fihla, who is also CEO of Standard Bank of South Africa Limited, explained that
the Risk Participation Agreement facility would enhance the organisation's trade
finance capabilities and contribute towards the group's strategic objective of
bridging the trade finance gap in Africa. "This will ultimately reduce trade
financing constraints for local African banks and promote intra-African trade,"
he said.

This Board approval is aligned with the African Development Bank's new Ten-Year
Strategy (2024 -- 2033) to transform African economies. It will support
industrialisation, and regional integration, and improve the quality of life for
all Africans.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media contact:

Natalie Naudé,

Communication and External Relations Department,

media@afdb.org

Technical Contacts:

Peter Onyango,

Chief Investment Officer,

Capital Markets Development Division:

p.onyango@afdb.org

Samson Kasuka,

Senior Investment Officer,

Trade Finance Division:

s.kasuka@afdb.org

About the African Development Bank Group:

The African Development Bank Group is Africa's premier development finance
institution. It comprises three distinct entities: the African Development Bank
(AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On
the ground in 41 African countries with an external office in Japan, the Bank
contributes to the economic development and the social progress of its 54
regional member states. For more information: www.AfDB.org

.

(C) 2024 M2 COMMUNICATIONS, source M2 PressWIRE



Share


© Acquiremedia - 2024



LATEST NEWS ABOUT STANDARD BANK GROUP LIMITED

Standard Bank Group Limited - Special Call Dec. 02 European Midday Briefing :
Political Turmoil in France Subdues Investors Dec. 02 DJ South Africa's Standard
Bank Expects Earnings to Be Hurt by Currency Strength Dec. 02 DJ Voltalia's Loan
from Syndicate of Lenders Increased to EUR324 Million Nov. 06 MT Standard Bank
Signs $25 Million Credit Agreement to Grow Trade with Saudi Arabia Oct. 15 MT
S.Africa's Old Mutual Bank to launch in 2025, hopes for profitability after two
years Sep. 26 RE Africa in Business: Coca-Cola, crude and currency Sep. 20 RE
Standard Bank opens up Mauritius offshore unit to Africa's small to mid-sized
businesses Sep. 18 RE Standard Bank Group Limited's Equity Buyback announced on
June 12, 2023 has expired. Sep. 10 CI Renergen Plans Nasdaq Listing Sep. 03 CI
Standard Bank Group Limited Announces Executive Changes Aug. 30 CI Standard Bank
Group Limited Announces Executive Changes Aug. 29 CI Standard Bank Puts Plans to
Exit ICBC Joint Venture on Ice, CEO Says Aug. 16 MT Standard Bank plans to
increase stakes in Nigeria and Angola businesses Aug. 15 RE South Africa's
Standard Bank posts 4% rise in half-year profit Aug. 15 RE Standard Bank Group
Limited, H1 2024 Earnings Call, Aug 15, 2024 Aug. 15 Standard Bank Group Limited
Reports Earnings Results for the Half Year Ended June 30, 2024 Aug. 15 CI
Standard Bank Group Limited Reaffirms Revenue Guidance for the Full Year Ending
December 31, 2024 Aug. 14 CI South African banks' earnings in spotlight ahead of
first rate cuts Aug. 05 RE South Africa's Pick n Pay prices rights issue at
32.48% discount Jul. 11 RE Standard Bank Group Limited Appoints Sola David-Borha
as to Its Board and Board Committee Jul. 01 CI Andrada Mining Limited entered
into conditional Share Purchase Agreement to acquire an additional 10% stake in
Uis Tin Mine Company Pty Limited from Small Miners of Uis for NAD 30 million.
Jun. 26 CI Standard Bank Group Limited, 5 Months Period Ending May 31, 2024
Sales/ Trading Statement Call, Jun 20, 2024 Jun. 20 Standard Bank Group Limited
acquired an additional minority stake in Mustek Limited. Jun. 12 CI Standard
Bank Group Limited Confirms Retirement of Directors Jun. 10 CI


CHART STANDARD BANK GROUP LIMITED

DurationAuto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax.
PeriodDayWeek

SBK: Dynamic Chart


COMPANY PROFILE


Standard Bank Group is a banking group organized around 2 areas of activity: -
retail and commercial banking (67.1% of net interest income); - corporate and
investment banking (32.9%). Additionally, the group offers a life insurance
activity. At the end of 2020, the group managed ZAR 1,624 billion in current
deposits and ZAR 1,271.3 billion in current credits. Products and services are
marketed through a network of 1,124 branches located in Africa.
Employees
50,815
Sector
Banks
Calendar
2025-03-05 - Q4 2024 Earnings Release (Projected)
More about the company


INCOME STATEMENT AND ESTIMATES

More financial data


ANALYSIS / OPINION

Standard Bank Puts Plans to Exit ICBC Joint Venture on Ice, CEO Says

August 16, 2024 at 04:59 am EDT

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RATINGS

Trading Rating

Investor Rating

ESG Refinitiv
B
More Ratings


ANALYSTS' CONSENSUS

Sell

Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
229.69ZAR
Average target price
255.18ZAR
Spread / Average Target
+11.10%
Consensus
Profit revisions
Estimate revisions


ANNUAL PROFITS - RATE OF SURPRISE

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S&P 500
6,051
-0.00%

DOW JONES
43,828
-0.20%

NASDAQ 100
21,780
+0.76%

NASDAQ CMP
19,927
+0.12%

RUSSELL 2000
2,347
-0.60%

TSX COMP
25,274
-0.54%

TSX VENTURE
608
-0.66%

MEXICO-IPC
51,657
+0.72%

BOVESPA
124,612
-1.13%

CHILE INDEX
517
-1.00%

MSCI PERU
9,410
-1.79%

MERVAL
2,370,662
+2.89%

MSCI CHINA
64
-1.04%

HANG SENG
19,774
-0.99%

SHENZHEN A
2,166
-2.01%

SHANGHAI A
3,555
-2.01%

TOPIX
2,738
-0.32%

NIKKEI 225
39,485
-1.11%

BIST 100
10,125
+0.66%

NIFTY 50
24,645
-0.50%

TWSE 50
19,553
+0.71%

KOSPI CMP
2,494
+0.50%

MSCI SINGAPORE
8,014
-0.03%

SYDNEY ASX
8,250
-0.56%

More Indexes

My Watchlist Most popular (10) My previous session (0)
BROADCOM INC.
+24.43%

TESLA, INC.
+4.34%

BOEING
+1.13%

APPLE INC.
+0.07%


--------------------------------------------------------------------------------

BLACKROCK, INC.
-0.22%

NIPPON ACTIVE VALUE FUND PLC
-0.39%

MICROSOFT CORPORATION
-0.51%

META PLATFORMS, INC.
-1.66%

ATOS SE
-11.54%

My lists
Rankings -- North America --DOW JONESMexico IPCNasdaq 100Nasdaq CompositeRussell
2000Toronto TSXUS 500  -- Europe --AEXAEX All SharesAMXASCXASEATXBEL 20BEL All
SharesBEL MidBel SmallCAC 40CAC Large 60CAC Mid & SmallCAC Mid 60CAC Next 20CAC
SmallDAXEuro Stoxx 50Finland OMXH 25FTSE 100FTSE-MIBIBEX 35MDAXOMX Copenhagen
20OMX Nordic 40OMX Oslo 20OMX Stockholm PIPEA (Liste Indicative)PEA PMEPolska
100PSI 20S&P United KingdomSBF 120SDAXSMISRD FranceSRD Long OnlyStoxx Europe
600Stoxx Europe 600 trStoxx Italy 20Stoxx Italy 45Stoxx Italy TMISweden OMXS
30Swiss Market (Mid Cap) Total Return Index - CHFSwiss Market (SMI) Gross Total
Return Index - CHFSwiss Middle Companies Total Return Index - CHF TecDAXWIG
20   -- Asia, Pacific --ASX 200BIST 100Hang SengKOSPI CompositeMSCI Pacific ex
JapanNifty 100Nifty 50Nifty 500Nikkei 225Pacific 500SENSEX 30SET 50Shanghai
CompositeSingapore 100Solar Value ChainTaiwan TWSETokyo TOPIX    -- South
America --CaracasIbovespaMSCI EM LATIN AMERICA     -- Middle East --CASE
30Tadawul All Share TASIUAE 50      -- --Ireland ISEQ Overall IndexPEA PME
(Liste Indicative)       
BROADCOM INC.
+24.43%

LAMB WESTON HOLDINGS, INC.
+6.79%

WALGREENS BOOTS ALLIANCE, INC.
+6.78%

ARISTA NETWORKS INC
+5.14%

MICRON TECHNOLOGY, INC.
+4.34%


--------------------------------------------------------------------------------

SUPER MICRO COMPUTER, INC.
-3.90%

CHARLES SCHWAB
-4.00%

COSTAR GROUP, INC.
-4.06%

NUCOR CORPORATION
-4.69%

AIRBNB, INC.
-4.74%

Created with Highcharts 9.3.3Technology TechnologyConsumer Cyclicals Consumer
CyclicalsConsumer Non-CyclicalsConsumer … Consumer Non-CyclicalsConsumer
…Healthcare HealthcareFinancials FinancialsEnergyEn… EnergyEn…Basic
MaterialsBasic Materi… Basic MaterialsBasic Materi…Industrials
IndustrialsUtilities UtilitiesReal Estate Real Estate
Loading...
More Top / Flop
Rankings -- North America --DOW JONESMexico IPCNasdaq 100Nasdaq CompositeRussell
2000Toronto TSXUS 500  -- Europe --AEXAEX All SharesAMXASCXASEATXBEL 20BEL All
SharesBEL MidBel SmallCAC 40CAC Large 60CAC Mid & SmallCAC Mid 60CAC Next 20CAC
SmallDAXEuro Stoxx 50Finland OMXH 25FTSE 100FTSE-MIBIBEX 35MDAXOMX Copenhagen
20OMX Nordic 40OMX Oslo 20OMX Stockholm PIPEA (Liste Indicative)PEA PMEPolska
100PSI 20S&P United KingdomSBF 120SDAXSMISRD FranceSRD Long OnlyStoxx Europe
600Stoxx Europe 600 trStoxx Italy 20Stoxx Italy 45Stoxx Italy TMISweden OMXS
30Swiss Market (Mid Cap) Total Return Index - CHFSwiss Market (SMI) Gross Total
Return Index - CHFSwiss Middle Companies Total Return Index - CHF TecDAXWIG
20   -- Asia, Pacific --ASX 200BIST 100Hang SengKOSPI CompositeMSCI Pacific ex
JapanNifty 100Nifty 50Nifty 500Nikkei 225Pacific 500SENSEX 30SET 50Shanghai
CompositeSingapore 100Solar Value ChainTaiwan TWSETokyo TOPIX    -- South
America --CaracasIbovespaMSCI EM LATIN AMERICA     -- Middle East --CASE
30Tadawul All Share TASIUAE 50      -- --Ireland ISEQ Overall IndexPEA PME
(Liste Indicative)       
BROADCOM INC.
+24.43%

MARVELL TECHNOLOGY GROUP LTD
+10.79%

TESLA, INC.
+4.34%

MICRON TECHNOLOGY, INC.
+4.34%

ARM HOLDINGS PLC
+2.64%


--------------------------------------------------------------------------------

ZSCALER, INC.
-3.79%

SUPER MICRO COMPUTER, INC.
-3.90%

COSTAR GROUP, INC.
-4.06%

AIRBNB, INC.
-4.74%

MONGODB, INC.
-7.42%

Created with Highcharts 9.3.3Technology TechnologyConsumer Cyclicals Consumer
CyclicalsConsumer Non-CyclicalsConsumer No… Consumer Non-CyclicalsConsumer
No…Basic MaterialsBa… Basic MaterialsBa…Healthcare HealthcareIndustrials
IndustrialsUtilitiesUti… UtilitiesUti…
Loading...
More Top / Flop
Currency / Forex

USD / EUR
0.9512
-0.03%

USD / CAD
1.4227
+0.01%

USD / MXN
20.1296
+0.12%

USD / BRL
6.0458
0.00%

USD / INR
84.8060
+0.05%

USD / CNY
7.2790
+0.05%

USD / JPY
153.7700
+0.21%

USD / AUD
1.5698
-0.06%

USD / KRW
1,434.4700
+0.03%

USD / HKD
7.7748
-0.01%

USD / GBP
0.7915
-0.06%

USD / CHF
0.8911
-0.07%

Forex
Commodities

GOLD
2,653.25
+0.07%

CRUDE OIL (WTI)
70.41
-0.45%

CRUDE OIL (BRENT)
74.08
-0.40%

SILVER
30.55
-0.12%

PLATINUM
921.40
-0.33%

Commodities
Cryptocurrencies

BITCOIN
105,142.00
+0.69%

ETHEREUM
3,962.80
+0.13%

SOLANA (SOL/USD)
222.81
-0.63%

BINANCE COIN
715.70
-0.40%

RIPPLE
2.41
-1.53%

Cryptocurrencies
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 2. Equities
 3. SBK Stock
 4. News Standard Bank Group Limited
 5. African Development Bank Group to extend facilities worth $200 million and
    ZAR 3.6 billion to Standard Bank Group to increase trade in Africa and
    support Small and Medium-sized Enterprises (SMEs)

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