Standard Bank Wealth International celebrates 25th year in Jersey

Thursday 07 September 2017

The international division of Standard Bank is celebrating its 25th anniversary of the business in Jersey this year.

This milestone coincides with the announcement of its half-year results, which indicate an increase in Headline Earnings, Return on Equity (ROE) and Return on Regulatory Capital (RORC).

Headline Earnings measures Standard Bank’s earnings based solely on its operational and investment activity, so excluding any income from sale of assets or accounting write-downs and ROE is an important gauge for investors.

The interim results are as follows:

• 38% increase in Headline Earnings to £19.4m in first half of 2017
• ROE rose to 17.6%
• RORC increased to 20.9%

Jonathan Peake, Chief Financial Officer of Standard Bank Wealth International, said: “These latest results demonstrate that our strategy continues to deliver and is proving resilient in a challenging environment.

"With a mixed macroeconomic picture, the first six months of the year have proven demanding; however, we have delivered this robust set of interim results through the hard work of a talented team committed to serving our clients, many of whom have a strong connection to Africa. Our performance not only benefits the continent but also creates prosperity in Jersey, where Wealth International has been proud to be headquartered for 25 years.”