1st Quarter Results

Standard Bank Group Limited

22 April 2026

 

Standard Bank Group Limited

Registration number 1969/017128/06

Incorporated in the Republic of South Africa

Website: www.standardbank.com

Share codes

JSE share code: SBK ISIN: ZAE000109815

NSX share code: SNB ZAE000109815

A2X share code: SBK

SBKP ZAE000038881 (First preference shares)

SBPP ZAE000056339 (Second preference shares)

JSE bond code: SBKI

("Standard Bank Group" or "the group")

Financial information provided to the Industrial and Commercial Bank of China Limited ("ICBC") for the three months ended 31 March 2026

Financial information provided to ICBC

On a quarterly basis the Standard Bank Group discloses to ICBC sufficient information to enable ICBC to equity account the group's results. Accordingly, the following consolidated financial information, prepared on an International Financial Reporting Standards basis, is being provided to ICBC for the three months ended 31 March 2026 ("1Q26").

Statement of changes in ordinary shareholders' equity for the three months ended 31 March 2026

	Balance as at     1 January 2026	Earnings attributable to ordinary shareholders	Other movements for the period	Balance as at   31 March 2026
	Rm	Rm	Rm	Rm
Ordinary share capital	165			165
Ordinary share premium	20 108			20 108
Treasury shares	(4 582)		(605)	(5 187)
Foreign currency translation reserve (FCTR)	(20 251)		3 302	(16 949)
Retained Earnings*	251 949	12 253	(15 069)	249 133
Other	16 769		(2 364)	14 405
Ordinary shareholders' equity	264 158	12 253	(14 736)	261 675

* Other movements for the period in retained earnings primarily comprises the R14.5 billion ordinary dividends declared in March 2026

Standard Bank Group's 1Q26 earnings attributable to ordinary shareholders were R12.3 billion, up 12% compared to 1Q25, supported by a strong trading performance in the period. Headline adjustable items were immaterial. The group's 1Q26 headline earnings growth was in line with the growth in earnings attributable to ordinary shareholders.

The impact of the Middle East conflicts on the macroeconomic outlook, confidence and activity levels across the group's network remains subject to the intensity and duration thereof. At this stage, the group's guidance for the year ended 31 December 2026, as provided in March 2026, remains unchanged.

The information contained in this announcement has not been reviewed and reported on by the group's external auditors.

Johannesburg

22 April 2026

Enquiries:

Sarah Rivett-Carnac

[e-mail]

JSE sponsor

The Standard Bank of South Africa Limited

Namibian sponsor

Simonis Storm Securities (Proprietary) Limited

 

END