Standard Bank Group (SBK) AGM 2025 summary

Opening remarks and agenda

• The AGM was opened by the Group Chairman, introducing the board, executive team, and committee chairs, and welcoming shareholders, auditors, and stakeholders.

• Shareholders were informed about participation options, including live voting and Q&A via the Lumi platform, and the meeting agenda was outlined.

• The meeting was confirmed as duly constituted with the required quorum present.

Financial performance review

• Headline earnings grew by 4% in 2024, with a return on equity of 18.5%, reflecting resilience amid global uncertainty.

• The group remains well-capitalized and liquid, serving 20 million customers, with positive economic outlooks for Sub-Saharan Africa and South Africa.

Board and executive committee updates

• Board renewal is ongoing, with new independent directors appointed and a focus on ESG and technology skills.

• Succession planning is robust, with a dedicated Board People Day and confidence in leadership continuity despite recent executive departures.