Tshabalala: Group remains on track to deliver on its 2025 strategy & targets
Standard Bank led the charge on the JSE with its shares rising more than 5 per cent following the release of its annual results, which painted a more optimistic outlook for the year ahead. Though Africa’s largest lender reported a 4 per cent increase in headline earnings per share in the year to December, it committed to earnings growth of between 8 per cent to 12 per cent in the next three years. It also made higher return on equity projects over that period. CNBC Africa is joined by Sim Tshabalala, CEO of Standard Bank Group for more.
Thu, 13 Mar 2025 16:16:09 GMT
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AI Generated Summary
- Standard Bank Group remains committed to its 2025 strategy and targets despite global economic challenges.
- The bank has made significant inroads in sustainable finance, with a focus on renewable energy, social infrastructure, and supporting women-owned enterprises.
- Mr. Tshabalala emphasizes the importance of scenario planning and positioning the bank appropriately to support clients in a changing economic landscape.
Standard Bank Group, Africa's largest lender, recently released its annual results which painted a more optimistic outlook for the year ahead. The bank reported a 4 percent increase in headline earnings per share for the year ended December. Despite the challenges faced by the global economy and various African countries, Standard Bank remains committed to its 2025 strategy and targets. CNBC Africa recently interviewed Sim Tshabalala, the CEO of Standard Bank Group, to delve deeper into the bank's future strategies and sustainable finance initiatives.
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