Standard Bank Group (SBK) Investor presentation summary

Macroeconomic and political environment

• Government of national unity seen as a positive outcome, affirming constitutional democracy and boosting market sentiment.

• Business and consumer confidence have improved, with a recovery in foreign investor sentiment and currency post-election.

• Sharp reduction in electricity loadshedding and signs of freight recovery signal operational improvements.

• National budget promotes fiscal consolidation, supporting gradual economic progress and stability.

• Upward revisions to GDP growth for 2025 and 2026, with inflation expected to remain within target range and a favorable interest rate cycle underway.

Corporate and Investment Banking (CIB) South Africa performance

• CIB SA is a diversified market leader serving large corporates, governments, and institutional clients across key sectors.

• Recognized as #1 in multiple financial services including foreign exchange, equities, and sustainable finance.

• Achieved a 5-year revenue CAGR of 7.3%, outperforming the market average of 5.3%.

• Revenue is well-diversified across transaction banking, investment banking, and global markets.

• Maintains a well-managed credit risk portfolio with stable sector concentrations and historically low credit loss ratios.

Strategic growth themes and opportunities

• Infrastructure investment, energy security and transition, and harnessing private capital are key growth drivers.

• R150 billion potential investment in rail and water infrastructure, with R700 billion expected in public-private partnerships over three years.

• Private equity and credit markets are expanding, with significant capital raised and a strong outlook for private market growth.

• Energy sector reforms and market liberalization, including the Electricity Regulation Amendment Act, are enabling new investment and operational models.

• Positive economic and political developments are expected to accelerate these growth themes.