Standard Bank Group Ltd (OTCPK:SGBLY)
$ 13.4 -0.075 (-0.56%) Market Cap: 22.14 Bil Enterprise Value: 18.46 Bil PE Ratio: 9.51 PB Ratio: 1.47 GF Score: 70/100

Standard Bank Group Ltd Strategic Update Call Transcript

Aug 20, 2021 / 09:00AM GMT
Release Date Price: $8.99 (-0.20%)
Operator

Distinguished guests, investors, clients and members of the media, it is my warmest pleasure to welcome you all to Standard Bank Group's strategic update. Standard Bank has a proud 158-year history of serving clients and supporting economic development across Africa as the largest financial services group on this continent. Africa is our home, and we drive her growth.

Now today, members of the Group Leadership Council will outline the group's 2025 ambition and provide guidance on its future financial targets. Over the past few years, Standard Bank has made significant structural changes to better serve its clients. And these shifts have allowed the group to realize a more integrated and seamless delivery of financial services to its diverse customer base, reduce time and cost to serve and innovate more quickly and efficiently.

Now as of the beginning of this year, the group transitioned its operating structure from 2 business units to 3 client segments, supported by 3 capabilities. Its new operating structure will enable the Standard Bank Group to transform from its current state as the

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