Standard Bank Group reports 10% rise in Q1 earnings

JOHANNESBURG - Standard Bank Group Limited (JSE:SBK), a major banking institution incorporated in the Republic of South Africa, reported a 10% increase in headline earnings for the first quarter ending March 31, 2025. The group’s earnings attributable to ordinary shareholders were R10.9 billion, up from R9.9 billion in the same period the previous year.

The bank’s financial results, prepared according to International Financial Reporting Standards, show that Africa Regions’ contribution to group headline earnings remained strong, accounting for over 40% and reflecting the portfolio’s resilience and diversity. Currency movements during the quarter had an impact that was in line with the group’s expectations.

Standard Bank Group’s total ordinary shareholders’ equity stood at R244.640 billion at the end of March 2025, a slight decrease from R250.655 billion at the beginning of the year. This change includes the R12.6 billion in ordinary dividends declared in March 2025. The group’s balance sheet shows a reduction in treasury shares and a decrease in the foreign currency translation reserve.

The bank’s outlook remains cautious as it monitors geopolitical developments and tariff impacts, which have the potential to influence confidence, economic activity, interest rates, and macroeconomic growth across its markets. Despite these uncertainties, Standard Bank Group’s guidance for the year 2025, released in March, remains unchanged.

The group emphasized its strong capital and liquidity position, reiterating its readiness to serve its 20 million customers and support the economies and communities in which it operates.

The financial information provided in this announcement has not undergone review or reporting by the group’s external auditors. This update is based on a press release statement issued by Standard Bank Group on April 22, 2025.

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