BRIEF-Standard Bank Group Says Q1 Credit Performance Was Largely In Line With Expectations

Published 2021/04/23, 12:01
Updated 2021/04/23, 12:06
© Reuters.
SBKJ
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April 23 (Reuters) - Standard Bank Group Ltd SBKJ.J :

* JSE: SBK - SBKP - FINANCIAL INFORMATION PROVIDED TO ICBC AND UPDATE ON THE OPERATIONAL PERFORMANCE FOR THE THREE MONTHS ENDED 31 MARCH

* STANDARD BANK GROUP - IN 1Q21, OPERATING ENVIRONMENT IN SOUTH AFRICA REMAINED DIFFICULT.

* STANDARD BANK GROUP - CREDIT PERFORMANCE IN 1Q21 WAS LARGELY IN LINE WITH EXPECTATIONS.

* STANDARD BANK GROUP - MORTGAGE DISBURSEMENTS CONTINUED TO BE STRONG AND WELL AHEAD OF 1Q20

* STANDARD BANK GROUP - GROUP REMAINS WELL CAPITALISED AND LIQUID.

* STANDARD BANK GROUP - REVENUE PRESSURES EXPERIENCED IN 2H20 CONTINUED INTO 1Q21.

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