Standard Bank Group reports strong operational performance in 5m25

Standard Bank Group (JSE:SBK) announced strong operational performance for the five months ended May 31, 2025 (5M25), with headline earnings growing at a similar rate to the 10% increase reported for 1Q25 relative to 1Q24. On a constant currency basis, headline earnings grew by mid-teens. The group's ROE for 5M25 remains within its 2025 target range of 17% to 20%. Balance sheet growth was slower than expected due to uncertainty impacting credit demand, but net interest income remained flat. The group's net fee and commission revenue was strong, driven by its growing client base and solutions. Disciplined cost management and lower credit impairment charges also contributed to the positive results. The group maintains its outlook for banking revenue growth and a stable cost-to-income ratio for FY25, with a group ROE within the target range.