Standardbank Cover.indd - Standard Bank - Investor Relations
Standardbank Cover.indd - Standard Bank - Investor Relations
Standardbank Cover.indd - Standard Bank - Investor Relations
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<strong>Standard</strong> <strong>Bank</strong> Group Analysis of financial results for the year ended 31 December 2012<br />
Distribution of daily trading profit or loss (Rm)<br />
120<br />
90<br />
60<br />
30<br />
20121<br />
20111<br />
90<br />
2 10 100 116 23 9<br />
3 18 99 95 37 7<br />
1<br />
Daily trading revenue.<br />
Favourable<br />
• Good growth in the customer base, transactional volumes and<br />
points of representation in the rest of Africa.<br />
• Increased electronic banking revenue from higher business<br />
online activity and market penetration in the rest of Africa.<br />
• Increased card-based commission due to higher turnover<br />
volumes and several large merchant acquisitions in South<br />
Africa.<br />
• Higher documentation and administration fees due to account<br />
growth in South Africa’s inclusive and personal lending<br />
portfolios, primarily overdrafts and revolving credit facilities.<br />
• Growth in Nigeria’s assets under management due to a strong<br />
equity market performance and increased volumes.<br />
• Higher arrangement, commitment and guarantee fees.<br />
• Increased letters of credit and export confirmations.<br />
• High structuring fees earned on renewable energy project<br />
financing.<br />
• Growth in bancassurance revenue due to a higher policy base<br />
and increased underwriting profits.<br />
• Strong FIC trading performance in the rest of Africa.<br />
• Increased client activity in base metals and gains on crude oil<br />
and carbon positions outside Africa.<br />
• Fair value gains on the strategic investment and listed property<br />
portfolios.<br />
• Gains in banking and other revenue on the disposal of an<br />
equity investment in a Commodities Exchange.<br />
• Gains on the disposal of private equity and listed property<br />
investments.<br />
• Translation effect of the weaker rand contributed 4% of the<br />
16% growth in non-interest revenue.<br />
Adverse<br />
• Increased interchange expenses and processing costs due to<br />
higher transactional volumes.<br />
• Simplification of PBB products in April 2012 and subsequent<br />
downward adjustment of pricing.<br />
• Equity trading provision raised on the pending outcome of a<br />
counterparty dispute under arbitration in South Africa.<br />
• FIC counterparty provision raised outside Africa.<br />
• Insurance claims incurred due to several hail storms and fires<br />
in South Africa.<br />
• Lower funds income and custody fees from the offshore group<br />
following the exit of the funds business.<br />
47
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