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Submission: On December 16 via api from US — Scanned from CH
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use this feature you must be a member Log inSign up Back PDF Report 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 Quotes Charts Technical Analysis Static Chart Total Return chart News Chart Sector Chart Comparison Chart Relative Strength Chart News All News Analyst Reco. Highlights Insiders Transcripts Press Releases Official Publications Other languages Trading Ideas MarketScreener Editorial Features MarketScreener Strategies Company Profile Governance Share ownership Group Connections Financials Analysts' Forecasts Income Statement Balance Sheet Cash flow Financial Ratios Business Segments Valuation Valuation ratios Dividend Consensus Analysts' Opinion Estimates Revisions Ratings Calendar Sector Sector performance Sector valuations Sector dividends Financial comparisons Sector ratings Sector consensus Sector revisions ETFs All News Analyst Reco. Highlights Insiders Transcripts Press Releases Official 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 More Strategies 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 Company calendar Indexes Europe America Asia S&P 500 6,051 -0.00% DOW JONES 43,828 -0.20% NASDAQ 100 21,780 +0.76% TSX COMP 25,274 -0.54% FTSE 100 8,300 -0.14% DAX 20,406 -0.10% CAC 40 7,410 -0.15% EURO STOXX 50 4,968 +0.05% MSCI CHINA 64 -1.04% TOPIX 2,738 -0.32% MSCI EMERGING 1,104 -0.27% MSCI WORLD 3,817 +0.00% EURO STOXX 50 4,968 +0.05% STOXX EUROPE 600 516 -0.53% MSCI EUROPE 173 -0.53% FTSE 100 8,300 -0.14% CAC 40 7,410 -0.15% DAX 20,406 -0.10% SMI 11,694 -0.18% OMX SPI 978 -0.57% AEX 894 -0.10% WIG20 2,273 -0.16% FTSE MIB 34,889 +0.09% IBEX 35 11,752 -0.11% 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... 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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) Best financial portal +951% of historical performance More than 20 years at your side + 1,000,000 members Quick & easy cancellation Our Experts are here for you OUR EXPERTS ARE HERE FOR YOU Monday - Friday 9am-12pm / 2pm-6pm GMT + 1 Contact us Legal information | Cookie settings | MarketScreener Blog | Copyright © 2024 Surperformance. All rights reserved. Stock quotes are provided by Factset, Morningstar and S&P Capital IQ