STANBANK:  20,234   +204 (+1.02%)  18/04/2019 00:00

Standard Bank FY HEPS Up 7 Pct To 1 748 Cents

March 7 (Reuters) - Standard Bank Group Ltd:

* PROVISIONAL RESULTS AND DIVIDEND ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2018

* FY HEADLINE EARNINGS PER SHARE UP 7% 1 748 CENTS

* COMMON EQUITY TIER 1 RATIO1 FOR 2018: 13.5% VERSUS 2017: 13.5% AT FY END

* FY DIVIDEND PER SHARE UP 7% TO 970 CENTS

* FY CREDIT IMPAIRMENT CHARGES WERE R6.5 BILLION, 31% LOWER THAN PRIOR YEAR

* FY GROUP REVENUE GREW 3% AND STANDARD BANK OF SOUTH AFRICA LIMITED'S REVENUE WAS FLAT

* "GLOBAL GROWTH IS EXPECTED TO WEAKEN SLIGHTLY IN 2019 TO 3.5% AS SLOWDOWN IN MOMENTUM SEEN IN 2H18 CONTINUES INTO 2019"

* GLOBAL GROWTH IS EXPECTED TO WEAKEN SLIGHTLY IN 2019 TO 3.5% AS SLOWDOWN IN MOMENTUM SEEN IN 2H18 CONTINUES INTO 2019

* FY NET INTEREST INCOME R59.6 BILLION VERSUS R60.1 BILLION

* REMAIN COMMITTED TO MEDIUM-TERM TARGETS OF DELIVERING SUSTAINABLE EARNINGS GROWTH AND AN ROE IN OUR 18%-20% TARGET RANGE

* 2018 GROUP RESULTS WERE LESS IMPACTED BY CURRENCY MOVEMENTS THAN IN PRIOR YEARS Source text for Eikon: Further company coverage:

2019-03-07 08:12:22

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