Standard Bank Group Limited - Announcement
STANDARD BANK GROUP LIMITED
Incorporated in the Republic of South Africa)
(Registration number 1969/017128/06)
Share code: SBK
Namibian Share Code: SNB
ISIN: ZAE000038873
("Standard Bank Group")
STANDARD BANK GROUP
At the Financial Times Banking Conference being held in London this morning,
Jacko Maree, Standard Bank Group Chief Executive, commented as follows on the
Group`s prospects for the 2002 financial year:
" In the Standard Bank Group`s interim profit announcement for June 2002,
mention was made of the possible negative impact of turbulent world financial
markets on the prospects for the Group. The environment in which the Group`s
international division operates has not improved, and in some areas has
worsened, since the release of the interim results. Earnings from International
Operations for the year will accordingly be significantly lower than that
reported in 2001. This adverse effect is however expected to be offset by strong
performances in the Group`s domestic and African banking operations. As a
result, the Group`s growth in earnings for the year to December is likely to be
substantially in line with the trend reported for the first half ended June
2002."
For further details contact:
Kim Howard
Director, Investor Relations
27-11-636 7811
Date: 19/11/2002 09:43:38 AM Produced by the JSE SENS Department
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