Standard Bank

The group maintained its guidance, expecting robust banking revenue growth with elevated cost growth but anticipating strong positive jaws. Credit impairment charge growth is projected to moderate, and the credit loss ratio for the year is expected to remain within the target range of 70 to 100 basis points. Return on equity is anticipated to stay within the 2025 target range of 17% to 20%. In the ten months ending October 2023, banking revenue growth exceeded 20%, driven by strong net interest income and non-interest revenue growth.
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