Sharenet Sites 
Sharenet Sites
Trading statement update for the six-month period ending 30 June 2021
Standard Bank Group Limited
Registration No. 1969/017128/06
Incorporated in the Republic of South Africa
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
(“Standard Bank” or “the group”)
Trading statement update for the six-month period ending 30 June 2021
Standard Bank is currently in the process of finalising its results for the six-month period ended
30 June 2021 (1H21). We refer shareholders to the group’s trading statement for 1H21 released on
SENS on 31 May 2021, which stated that more specific guidance ranges would be provided once
there is reasonable certainty regarding the extent of the increase in earnings.
The group’s key trends in the last two months of the reporting period were impacted by base effects,
i.e. pandemic-related impacts in May and June 2020. In the two months of May and June 2021,
relative to the two months in the prior period, revenues grew driven by stronger non-interest revenue,
costs grew as incentives normalised and credit performance was significantly better and the credit
loss ratio remained below the top of the group’s through-the-cycle target range of 70 basis points –
100 basis points.
In accordance with section 3.4(b) of the Listings Requirements of the JSE Limited, and as an update
to the trading statement published on 31 May 2021, shareholders are advised that Standard Bank is
satisfied that a reasonable degree of certainty exists with regards to the group’s financial results for
1H21. The group’s headline earnings per share (HEPS) and earnings per share (EPS) for 1H21 is
expected to be higher than the reported HEPS and EPS for the six-month period ended 30 June 2020
(1H20), translating into:
1H20 Range 1H21 range
HEPS 473.8 45% - 55% higher than 1H20 687.0 734.4
EPS 236.7 190% - 210% higher than 1H20 686.4 733.8
1H21 Results
Standard Bank will release results for 1H21 on 19 August 2021. Details regarding the presentation
are available on the Standard Bank Group Investor Relations website -
https://reporting.standardbank.com/
Shareholders are advised that the information contained in this announcement has not been reviewed
or reported on by the group’s auditors.
Queries:
Investor Relations
Sarah Rivett-Carnac
Email: sarah.rivett-carnac@standardbank.co.za
Johannesburg
6 August 2021
Lead sponsor
The Standard Bank of South Africa Limited
Independent sponsor
JP Morgan Equities South Africa Proprietary Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 06-08-2021 08:03:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
