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Standard Bank Group produces sound financial performance in 2012
Standard Bank Team
Super Contributor
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Standard Bank Group produced a sound financial performance for 2012 and demonstrated good momentum in its businesses.

The group delivered 10% growth in headline earnings to a record R15 billion, and 23% growth in attributable earnings to R16.5 billion, the difference largely due to the R1.5 billion profit realised on the sale of a majority stake in Standard Bank Argentina during the year.

Results at a glance:
• Banking activities achieved top-line revenue growth of 17%
• Credit impairments increased by 37%
• Costs rose 15%
• Headline earnings for banking grew 7%
• Headline earnings for Liberty grew 42%
• Headline earnings for group grew 10%.

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