Standard Bank Kenya Unit Sees Tough Second Half Amid Protests [BNN Bloomberg (Canada)]
STANDARD BANK GRP SP/ADR (SGBLY)
NASDAQ:AMEX Investor Relations:
reporting.standardbank.com
Company Research
Source: BNN Bloomberg
“Some of the economic activity has been dampened in particular industries, floods, civil unrest and also the downgrade on the sovereign,” said Patrick Mweheire, regional chief executive officer for the Standard Bank Group Ltd. unit. At least 61 people have died in anti-government protests since they erupted in mid-June in the East African nation, which is battling to raise revenue to service a debt burden that's forced it to enlist International Monetary Fund support. Fitch Ratings earlier this month downgraded the country's credit score further into junk territory because of budget risks. Mweheire, speaking in an interview Thursday alongside Chief Finance Officer Dennis Musau, was confident in the bank's ability to handle the conditions. It has cut first-half impairments by 22% to 1.96 billion shillings ($15 million) year-on-year, posting a gross non-performing loans ratio of 9.4% compared to the industry's 16%, Musau said. “Our 2026 target is to get our NPL ratio below 9.4%
Show less
Read more
Impact Snapshot
Event Time:
SGBLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SGBLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SGBLY alerts
High impacting STANDARD BANK GRP SP/ADR news events
Weekly update
A roundup of the hottest topics
SGBLY
News
- Standard Bank Group Limited's (JSE:SBK) market cap touched R403b last week, benefiting both retail investors who own 43% as well as institutions [Yahoo! Finance]Yahoo! Finance
- Africa's Largest Economies to Change Course on Rates for First Time in Years [BNN Bloomberg (Canada)]BNN Bloomberg
- Johannesburg Weighs Bond Sale to Help Fix Broken Infrastructure [BNN Bloomberg (Canada)]BNN Bloomberg
- Standard Bank Group (JSE:SBK) Has Announced That It Will Be Increasing Its Dividend To ZAR7.44 [Yahoo! Finance]Yahoo! Finance
- Biggest African Lender Standard Bank Says Profit Dips on ICBC [Financial Post (Toronto, Ontario, Canada)]Financial Post