Standard Bank Group, Africa's largest bank by assets, reported headline earnings of R45 billion for the full year 2024, with a return on equity of 18.5%, according to annual results released on 13 March 2025. Costs in the group's banking franchise were flat year on year, while credit impairment charges fell.
Africa Regions grew earnings by 22% in local currency terms over the year, although after currency headwinds, notably in the West region, its earnings were marginally down in rand terms at R18.0 billion. Africa Regions accounted for 41% of group earnings in 2024.
CLIENT GROWTH AND CAPITAL POSITION
Active clients across the Standard Bank Group grew 4% to reach 20 million. The group's common equity tier 1 ratio stood at 13.5%.
2025 TARGETS
Management confirmed the group remains on track to deliver its 2025 strategic commitments.