latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/standard-bank-group-withdraws-2020-guidance-57855594 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Standard Bank Group withdraws 2020 guidance

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Standard Bank Group withdraws 2020 guidance

South Africa's Standard Bank Group Ltd. said March 31 that it withdrew its financial guidance for 2020 due to uncertainty surrounding the impact of coronavirus outbreak on its performance.

In March, the lender expected its return on equity to remain below but closer to the lower end of its 18%-20% target range in 2020.

The bank said it will continue to evaluate the impact of the pandemic and provide updates once there is enough certainty.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.