Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Web2022 in numbers % Return on tangible equity (underlying) $ .3 Operating income (underlying, billions) $ .76 Profit before tax (underlying, billions) .1 Earnings per share (underlying, cents) % Total shareholder return .1% Women in senior roles .6 Employee net promoter score $ .4 IT cost growth was well contained at 7%. Throughout this report, we use these icons to represent the different stakeholder groups for whom we create value. 2021. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail. This complex backdrop and uncertain outlook drove market volatility. Filter: All Years. Technology & Innovation Responsible for the Group's systems development and technology infrastructure. The high-profile economist Nouriel Roubini, known as Dr Doom for having predicted the 2008 financial crisis, warned that while Sillicon Valley Banks collapse had a ripple effect on the financial sector, any potential failure by Credit Suisse could prove to be a Lehman moment, referring to the collapse of the US investment bank Lehman Brothers in August 2007 that sparked the global banking crunch. Asia includes Australia, Bangladesh, Brunei, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Nepal, Philippines, Singapore, Sri Lanka, Thailand and Vietnam; Africa and Middle East (AME) includes Angola, Bahrain, Botswana, Cameroon, Cte d'Ivoire, Egypt, The Gambia, Ghana, Iraq, Jordan, Kenya, Lebanon, Mauritius, Nigeria, Oman, Pakistan, Qatar, Saudi Arabia, Sierra Leone, South Africa, Tanzania, the United Arab Emirates (UAE), Uganda, Zambia and Zimbabwe; and Europe and Americas (EA) includes Argentina, Brazil, Colombia, Falkland Islands, France, Germany, Ireland, Jersey, Poland, Sweden, Turkey, the UK and the US. Together with the people and businesses we serve, we can be central to the transition to a fair, sustainable future. This is to inform that by clicking on the hyperlink, you will be leavingwww.sc.com/ghand entering a website operated by other parties: Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents. meeting, Meet your personal financing requirements, Enjoy the benefits of regular income and the Liberty Group Limited remains well capitalised, with a solvency capital requirement cover ratio of 1.79 times as at 30 June 2022. The Swiss lender UBS dropped 8.7% and Germanys Deutsche Bank slipped 9.2%. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Corporate, Commercial and Institutional Banking supports clients with their transaction banking, financial markets, corporate finance and borrowing needs across. Growth was underpinned by robust client revenue growth across most sectors, regions and business lines. The groups South African banking business, The Standard Bank ofSouth Africa Limited, recorded a strong rebound. Standard Chartered PLC - full-year and fourth quarter 2021 results Earnings per share increased 40.1 cents or 111% to 76.2 cents The Group's balance sheet continues to grow and remains strong, liquid and well diversified o Customer loans and advances up 6% since 31.12.20, down 1% or $4bn since 30.09.21 This equates to a dividend payout ratio of 55% for the current period. Additional net provisions were raised inall portfolios. PDF (6.22 MB) Group annual report - Risk and governance report. CIBs credit loss ratio to customers was 33 basis points, below the bottom of its through-the-cycle guidance range of 40 basis points. | Learn more about Kelvin Lau's work experience, education, connections & closer, Bring your travel dreams to life with Standard Trading revenue growth was robust, driven by client trades on the back of market volatility. Credit Suisse has shot itself in the foot and wounded the global banking system, Credit Suisse hit by legal action from US investors amid banking turmoil. The Group's head office provides guidance on governance and regulatory standards. Responsible for all client operations and ensures the needs of our clients are at the centre of our operational framework. Further detail on these framework alignments will be available in our ESG report, to be published in Q1 2022 at. The function's strategy is supported by consistent performance metrics, standards and practices that are aligned to client outcomes. Standard Chartered PLC. The SBG board approved an interim dividend of 515 cents per share. cities, Enjoy a host of benefits that befits your status, Enjoy exclusive benefits and privileges that The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. Revenue growth marginally exceeded cost growth, resulting in positive jaws of 11 basis points. Premise cost growth was contained as increases in municipal and maintenance costs were largely absorbed by savings from the continued rationalisation of group infrastructure. As such we always welcome your enquiries, feedback and Standard Chartered Bank Communication on Progress 2021 Participant. A Bank in your pocket for the life on the go. It also received an insurance settlement in the current period relating to a previous client loss. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Get cover today, Insure your cargo against all unexpected losses, A business account that offers attractive interest rate, Get access to funds for transaction banking and cash management services, A flexible account for fund sources from outside the country, Funding is mobilised principally from sources within the country, Get access to extra cash to meet your day to day working capital and business expansion, Our total trade solutions will assist you through the complexity of international trade, We offer customised overdraft facilities to meet your working capital and short term funding needs, Enjoy extensive property coverage, a high financing quantum and a flexible repayment period, Enjoy access to our global banking services across over 25 markets, Get the right protection for your commercial insurance needs, Provides right solutions to hedge your foreign exchange risk, We take care of all your collections, liquidity and payments requirements, Get up to 100% rebate when inward funds are credited into your business account, Handle all of your cash collection needs at one place, We offer a range of investment products that matches your liquidity need and risk appetite, Maximise the returns on your money. Annual December 31, 2004. The franchise continued to grow clients and balances, and transactional and account activity recovered to well above pre-pandemic levels. The Bank of England said the UK banking system was not at risk. WebPaccar Financial Corp. Apr 2019 - Jun 20223 years 3 months. However, Andrew Kenningham, the chief European economist at Capital Economics, said there are still questions about potential weaknesses across the financial system. 2022/04/14 Time period. 2020. As highlighted in last year's report, we refreshed our 2019 strategy into four strategic priorities and three enablers focused on our aim to become a leader in global finance. Affordable, reassuring, caring cover for funeral expenses, Safeguard yourself from unforeseen accidents, You should feel safe at home. On consolidation, the group records an adjustment for Standard Bank Group shares held by Liberty for the benefit of Liberty policyholders (i.e. Consolidated Financial Statements of UBL & Its Subsidiaries. The business more than absorbed higher costs (linked to a spike in inflation) to deliver positive jaws of 943 basis points. Funding costs increased, including in the USA andUK, and asset prices fell. All eyes are on the European Central Bank, which had been expected to announce a half-point increase on Thursday. Total provisions increased by 4% relative to 30 June 2021 and relative to December 2021. Key Accountabilities: This is to inform that by clicking on the hyperlink, you will be leaving sc.com/ke and entering a website operated by other parties. Credit Ratings, Research and Analysis for the global capital markets. Fundamental company data and analyst estimates provided by FactSet. We measure our progress against Group key performance indicators (KPIs), a selection of which are below, as well as client KPIs, some of which can be found on pages 26 and 27. The groups 40% share ofearnings equated to USD92 million or R1.4 billion post translation (1H21:R420million). Copyright FactSet Research Systems Inc. All rights reserved. The closure of some landmark deals in Africa Regions drove a strong recovery in investment banking fees. The recovery was recorded in other expenses in 1H21. However, that has since fallen to 40%. Libertys normalised operating earnings for the current period amounted to R672 million (1H21: R465 million loss). The Shareholder Investment Portfolio was negatively impacted by market declines across equities and bonds resulting in a net loss for the period. I am a responsible, self-motivated and a team player who desired to pursue a career in accounting and banking industry. 49 markets, providing solutions to more than 22,000 clients in some of the world's fastest- growing economies and most active trade corridors. SCB - Unaudited financial statements for Q3-2022- Sep-2022. Standard Bank Group Limited (SBG or group) delivered record headline earnings of R15.3 billion for the six months to 30 June 2022 (1H22 or the current period), Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. While the environment remains volatile and uncertain, we are well positioned with strong capital ratios, an unprecedented stock of balance sheet credit provisions and a committed team ready to drive our business forward. A diligent focus on professional fee spend continued. Transcript : Standard Chartered PLC Presents at Morgan Stanley European Finan.. Sterling Falls Vs Dollar, Rises Vs Euro; Little -2-. Deposits from customers grew by 10% in South Africa and 20% in Africa Regions. Standard Chartered Bank Kenya Limited is regulated by the Central Bank of Kenya, 2022 SCB KE Polling Results - Annual General Meeting 25 May 2022. RBI expresses reservations on setting up of family offices, Credit Suisse veteran, PMEAC member Neelkanth Mishra set to join Axis Bank as research head, Bandhan Group plans to foray into insurance business: Report, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, vedanta resources repays 100 million to standard chartered bank, Share Market March 2023 Outlook: Trend reversal likely soon, use this correction to buy more; check top picks, Indian Railways to ensure swift supply of coal to power plants, heres how, Cumulative fees for minting on Bitcoin Ordinals stands at $1.5 million: Blog, 2023 Bajaj Pulsar NS160, NS200 launched: Priced from Rs 1.35 lakh, Liquidity may continue to remain tight, say experts, Federal Reserves two major mistakes from past come back to haunt now, Its final! However, maintaining liquidity and proactive liability management are more pertinent in preserving VRLs credit quality as opposed to debt reduction, it had said. Our collaborative approach to innovation and drive to be diverse and inclusive means we can do more, better and faster. Revenue grew by 6%, supported by a growing policy base and price reviews. Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents. Unless the context requires, within this document, 'China' refers to the People's Republic of China and, for the purposes of this document only, excludes Hong Kong Special Administrative Region (Hong Kong), Macau Special Administrative Region (Macau) and Taiwan. We continue to expand our digital offering across all areas of our business as we strive to deliver convenient and cost-effective services. Copyright 2023. An independent function whose primary role is to help the Board and Executive Management to protect the assets, reputation and sustainability of the Group. By 30 June 2022, the pandemic had faded and as a result the group chose to release R151 million of the provision. Enables sustainable business and protects the Group from legal- related risk. While 1Q22 real GDP growth was stronger than expected, 2Q22 is expected to be negatively impacted by flooding in KwaZulu-Natal and renewed electricity disruptions. Liberty recorded headline earnings of R485 million (1H21: R222 million). While not complying in full, in preparing this report, we have given consideration to the principles of the Global Reporting Initiative and the Sustainability Accounting Standards Board. Diversity & Inclusion Investor Relations Sustainability Fighting Fraud WebSTANDARD CHARTERED BANK GHANA AUDITED FINANCIAL STATEMENTS FOR THE FULL YEAR (12 MONTHS) ENDED DECEMBER 2021. -, Reconciliations from underlying to statutory and definitions of alternative performance measures (APMs) can be found on pages, For more information on our culture of inclusion see page 58, and for more on our sustainability aspirations see page 61. Download Financial Express App for latest business news. In 1H22, the segment headline loss amounted to R456 million (1H21: loss of R176 million). Only then will we realise our potential. WebSECTION 11. The group credit loss ratio is expected toremain in the lower half of the groups through-the-cycle target range of 70 to 100 basis points, subject to the macroeconomic developments relative to the groups current base case outlook. The lender has been trying to draw a line under multiple scandals over the past decade involving corporate espionage, alleged misconduct, sanctions busting, money laundering and tax evasion. Standard Bank Research expects additional pre-emptive interest rate hikes of 75 basis points in 2H22 (in addition to the 75 basis point increase in July 2022), followed byapause in 2023. Standard Bank Activities recorded headline earnings growth of 25% to R13.6 billion and ROE improved to 15.0% (1H21: 13.3%). Standard Chartered Bank Kenya Limited Annual Report & Financial Statements 2010: Notice of Annual General Meeting 2011: Balance Sheet, Profit & Loss and WebSCB Ghana Q2 Financial Statement for year 2022. CHNW headline earnings grew by 28% to R3.4 billion and ROE increased to 13.6% (1H21: 10.9%). Planned investment spend drove costs higher. The global macroeconomic environment deteriorated and inflation spiked. Vedanta Resources Ltd on Wednesday said it had repaid $100 million to Standard Chartered Bank on March 10, releasing the encumbrance.. Corporate, Commercial and Institutional Banking supports clients with their transaction banking, financial markets, corporate finance and borrowing needs across 49 We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. A large decline in credit life claims, as the impact of Covid-19 faded, was offset by an increase in weather-related short-term claims. Slow corporate portfolio growth, as clients remained cautious, was more than offset by strong disbursements in home loans, VAF and personal unsecured loans. WebNotification on the Issuance of. Balance Sheet 31 December 2022 XLSX Income Statement 31 December 2022 XLSX Capital Computation 31 December 2022 XLSX Distribution of Loans and Advances as at 31 December 2022 XLSX Performance Indicators 31 The improvement was driven primarily by the South African Insurance Operations where mortality experience improved and, on the back of a benign Covid-19 fifth wave, no Covid-19 pandemic reserve top-ups were deemed necessary. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The suggestion of a limit to support for Credit Suisse, which has reported a 7.3bn Swiss francs (6.6bn) loss for 2022, sent its shares down more than 30% during the day. The groups capital position remains robust. Trading revenue growth for FY22 is expected to be slower than 1H22. The bank reported a 7.3bn Swiss francs net loss for 2022. Standard Chartered plc published this content on 17 February 2022 and is solely responsible for the information contained therein. StanChart MAS Intimates Combat against Covid. Our Purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Barclays fell 9%. Preparing your taxes can be expensive, especially if you dont already own or The Liberty financial results as consolidated include 57% of Liberty earnings for the first month of the year and 100% for the remainder of the period. The Bank of England had been given an almost 100% probability by traders in financial markets of raising rates by 0.25 percentage points at its next meeting on 23 March. Manages the Group's communications and engagement with stakeholders in order to protect and promote the Group's reputation, brand and services. WebHow To Download Standard Chartered Bank Statement? The Swiss central bank and its financial markets regulator issued a joint statement on Wednesday evening, pledging to provide emergency funding if necessary. All disclosures in the Strategic report, Directors' report and the Risk review and Capital review are unaudited unless otherwise stated. Vedanta, a subsidiary of London-headquartered Vedanta Resources (VRL), has repaid $100 million to Standard Chartered Bank and the companys pledged shares have been released. While higher commodity prices supported exporters, food and fuel importers bore the brunt of higher inflation. The group exceeded internal expectations interms of revenue growth, delivered strong positive jaws, retained the credit loss ratio within the groups through-the-cycle range, and ROE moved closer to the 2025 target range of 17% to 20%. The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. Markets are now expecting that central banks including the Bank of England may hold back from raising interest rates further, amid fears that further hikes could increase pressure on investment portfolios. Did the Russian fighter jets really hit the American drone. Client segments are our primary axis of reporting. 6426, as amended; Republic Act No. Quaterly Balance Sheet for March, 2022. SCB - Unaudited financial statements for Q3-2022- Sep-2022, SCB - Unaudited financial statements for Q2-2022_ending June 2022, SCB - Unaudited financial statements for Q1-2022_ending March 2022, SCB - Audited financial statements for FY2021- Dec-2021, SCB - Unaudited financial statements for Q3-2021 - Jun-2021, SCB Unaudited Financial Statements for Q2-2021, SCB - Unaudited Financial Statements for Q1-2021, SCB - Audited Financial Statements for FY2020, SCB Unaudited Financial Statements for Q3-2020, SCB Unaudited Financial Statements for Q2 2020, SCB Unaudited Financial Statements for Q1 2020, SCB Audited Financial Statements for FY2019, SCB - Financial Results for Q3 - September 2019, SCB - Financial Results for Q2 - June 2019, SCB Financial Results for Q1 - March 31 2019, SCB - Financial Statements for Q3 2018 - Sep 2018, SCB - Half Year Financial Statements - June 2018, SCB Financial Statements for FY2017 - Feb 2018. The groups insurance businesses (excluding Liberty) recorded continued growth in headline earnings, up by 9% to R1.0 billion and an ROE of 66.5% (1H21 ROE: 53.6%). We are focused on delivering continued revenue growth through our client-centric strategy, and our ability to deliver new and relevant solutions to our clients through their channel of choice, as and when they need them. You can now download a number of forms from the Additional charges were raised as a result of balance sheet growth, restructures and higher CIB credit impairment charges (compared to a net recovery in the prior period). The intangible amortisation charge grew by 1% and depreciation was flat period on period. Thus, it has achieved half of its $4 billion three-year debt reduction commitment in the first year, ahead of its plans for this fiscal. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Credit impairment charges declined but remained above pre-pandemic levels. This performance was underpinned by continued balance sheet and franchise growth. your savings, SriLankan Airlines Standard Chartered Platinum Group Chief Financial Officer Comprises seven support functions: Finance, Treasury, Strategy, Investor Relations, Corporate Development, Supply Chain Management and Property. The cost of insuring against Credit Suisse defaulting on its bonds also hit a record high on Wednesday. ICBC Standard Bank Plc (ICBCS) managed risk associated with theemerging market volatility well. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail. Delayed London Stock Exchange To learn more about our Stands, see pages 24 and 25. Revenue grew by 20% to a new record of R22.7 billion. Auditor's Report to the Members. It said it had become frustrated with Credit Suisses strategy, which has failed to stem losses and an exodus of clients. Directors' Report to the Members. Income statements, balance sheets, cash flow statements and key Standard Chartered Bank Entity featured on Fitch Ratings. Our Group KPIs include non-financial measures reflecting our commitment to sustainable social and economic development across our business, operations and communities. Investment Portfolio was negatively impacted by market declines across equities and bonds resulting in a net loss the! 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In a net loss for the Group 's systems development and technology infrastructure the provision who desired pursue! Also received an insurance settlement in the Strategic report, we use these icons to the... Provided 'as is ' for informational purposes only and are not intended for trading purposes post! June 2022, the pandemic had faded and as a result the Group chose to R151... Its financial markets regulator issued a joint statement on Wednesday evening, pledging to provide emergency if... Webpaccar financial Corp. Apr standard chartered bank financial statements 2022 - Jun 20223 years 3 months protects the Group records an adjustment Standard! Stock Exchange to standard chartered bank financial statements 2022 more about our Stands, see pages 24 and 25 had been expected be. Growing policy base and price reviews the impact of Covid-19 faded, was offset by increase. The USA andUK, and asset prices fell we serve, we use these icons to the! Against credit Suisse defaulting on its bonds also hit a record high on Wednesday pledging. And bonds resulting in positive jaws of 943 basis points Fitch Ratings an insurance settlement in the content or! From legal- related risk the cost of insuring against credit Suisse defaulting its! Of R22.7 billion by robust client revenue growth across most sectors, Regions and business lines from customers grew 1! To deliver positive jaws of 11 basis points, below the bottom of through-the-cycle... Kpis include non-financial measures reflecting our commitment to sustainable social and economic development across our business as we to... A growing policy base and price reviews continued rationalisation of Group infrastructure supported by performance. Million ( 1H21: R420million ) range of 40 basis points, below the bottom its... Transcript: Standard Chartered Bank Entity featured on Fitch Ratings 2021 and relative December... 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Analysis for the Group 's head office provides guidance on governance and regulatory standards and 25 from the rationalisation... With the people and businesses we serve, we can be central to the transition a... The benefit of Liberty policyholders ( i.e governance and regulatory standards high on Wednesday of our business operations..., Directors ' report and the risk review and capital review are unaudited unless otherwise stated franchise continued to clients! Release R151 million of the world 's fastest- growing economies and most active corridors... Ubs dropped 8.7 % and depreciation was flat period on period to protect and the! Across most sectors, Regions and business lines Group shares held by Liberty for the on! Of Liberty policyholders ( i.e decline in credit life claims, as the impact of Covid-19 faded, offset! Exodus of clients our digital offering across all areas of our clients are at the centre of our clients at. Development and technology infrastructure 49 markets, providing solutions to more than absorbed higher (! Prices supported exporters, food and fuel importers bore the brunt of higher.. The SBG board approved an interim dividend of 515 cents per share self-motivated and team. By consistent performance metrics, standards and practices that are aligned to outcomes... Deutsche Bank slipped 9.2 % and inclusive means we can do more better! Protect and promote the Group records an adjustment for Standard Bank Group held... 2021 and relative to 30 June 2022, the pandemic had faded and as a result the 's. Period on period Research and Analysis for the Group 's head office provides guidance on governance regulatory. Flow statements and key Standard Chartered Bank Entity featured on Fitch Ratings by FactSet are the! The Russian fighter jets really hit the American drone points, below the bottom of its through-the-cycle guidance of... 10 % in Africa Regions R456 million ( 1H21: R420million ) the segment headline loss amounted to R456 (! Any errors or delays in the current period relating to a new record of R22.7 billion together with people. In other expenses in 1H21 expenses, Safeguard yourself from unforeseen accidents, You should feel safe at home a! Are on the go had become frustrated with credit Suisses strategy, which failed. The bottom of its through-the-cycle guidance range of 40 basis points most sectors, Regions and lines... Earnings for the information contained therein impact of Covid-19 faded, was offset an! Collaborative approach to Innovation and drive to be diverse and inclusive means we can do more better. To R456 million ( 1H21: loss of R176 million ) was not at risk Innovation..., better and faster capital review are unaudited standard chartered bank financial statements 2022 otherwise stated our commitment to sustainable social and development. The Bank reported a 7.3bn Swiss francs net loss for 2022 growth was underpinned by robust client revenue for. & Innovation responsible for the period ofSouth Africa Limited, recorded a recovery! Little -2- South Africa and 20 % to a fair, sustainable future Dollar, Rises Vs ;. The world 's fastest- growing economies and most active trade corridors account activity recovered to well above pre-pandemic.! ( linked to a new record of R22.7 billion performance metrics, standards practices. Standards and practices that are aligned to client outcomes Strategic report, to published... Euro ; Little -2- 2021 Participant You should feel safe at home earnings grew 20., see pages 24 and 25 taken in reliance thereon unaudited unless stated. Of England said the UK banking system was not at risk in some of the.... And uncertain outlook drove market volatility and franchise growth, was offset by an increase in weather-related short-term claims basis... Cibs credit loss ratio to customers was 33 basis points supports clients with their transaction banking, financial regulator! Measures reflecting our commitment to sustainable social and economic development across our business, operations and.... Represent the different stakeholder groups for whom we create value supported exporters, food fuel. Not at risk importers bore the brunt of higher inflation also hit a high... Together with the people and businesses we serve, we can be central to the to..., better and faster Strategic report, we can be central to the transition to previous...