Financial Insights
No Result
View All Result
  • Home
  • Insights
    • Agriculture
      • Zambeef Products Plc
      • Zambia Sugar Plc
    • Banking
      • Cavmont
      • Investrust Bank Plc
      • Stanbic
      • Standchart
      • ZANACO plc
    • Beverage
      • National Breweries
      • Zambian Breweries
    • Energy
      • Copperbelt Energy Corporation Plc
      • Puma Energy (Z) Plc
    • Finance
      • Madison Financial Services Plc
      • ZCCM-Investment Holdings Plc
    • Insurance
      • Prima Reinsurance Plc
    • Manufacturing
      • Lafarge
      • ZAMEFA Plc
    • Mining
      • AEL Mining Services (Z) Plc
    • Real Estate
      • Real Estate investments Zambia (REIZ)
    • Retail
      • British American Tobacco
      • Shoprite Holdings Plc
      • Zambia Bata Shoe Plc
    • Telecom
      • Zamtel
      • Airtel Networks Plc
    • Tourism
      • Taj Pamodzi Hotels Plc
  • Opinion
    • Economy
    • Marketing
    • Strategy
  • Market Research
  • About
  • Home
  • Subscription
  • Try
SUBSCRIBE
  • Home
  • Insights
    • Agriculture
      • Zambeef Products Plc
      • Zambia Sugar Plc
    • Banking
      • Cavmont
      • Investrust Bank Plc
      • Stanbic
      • Standchart
      • ZANACO plc
    • Beverage
      • National Breweries
      • Zambian Breweries
    • Energy
      • Copperbelt Energy Corporation Plc
      • Puma Energy (Z) Plc
    • Finance
      • Madison Financial Services Plc
      • ZCCM-Investment Holdings Plc
    • Insurance
      • Prima Reinsurance Plc
    • Manufacturing
      • Lafarge
      • ZAMEFA Plc
    • Mining
      • AEL Mining Services (Z) Plc
    • Real Estate
      • Real Estate investments Zambia (REIZ)
    • Retail
      • British American Tobacco
      • Shoprite Holdings Plc
      • Zambia Bata Shoe Plc
    • Telecom
      • Zamtel
      • Airtel Networks Plc
    • Tourism
      • Taj Pamodzi Hotels Plc
  • Opinion
    • Economy
    • Marketing
    • Strategy
  • Market Research
  • About
  • Home
  • Subscription
  • Try
No Result
View All Result
Financial Insights
No Result
View All Result
Home FI Banking

STANDARD CHARTERD BANK ZAMBIA PLC – TRADING STATEMENT

Standard Chartered Bank Zambia Press by Standard Chartered Bank Zambia Press
October 10, 2022
Reading Time: 1 min read
0

RELATED POSTS

African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction..

FNB Zambia and Liquid Intelligent Technologies partner to offer to drive convenience through affordable data access.

The Economics of Marathons – How ABSA Zambia Created a Love Mark with ‘Twende’

In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of Standard Chartered Bank Zambia PLC (“the Bank”) hereby advises the Shareholders of the Company that the Earnings per Share for the six-month period ended 30 June 2022 is K0.10 compared to earnings per share of K0.13 for the six-month period ended 30 June 2021.

“The 2022 profit after tax decreased by 25% year on year primarily attributed to a decrease in revenue on account of a drop in interest income from investment securities impacted by declining Government Security rates. Non-Funded Income also declined due to a drop in transaction volumes. The Bank further recorded an impairment recovery of ZMW 30m compared to a recovery of ZMW 158m in 2021. Prior year included Expected Credit Loss (ECL) recovery on government securities and other off balance sheet financial instruments of ZMW 97m in comparison to only ZMW6m recovery in 2022,” the company announced through a statement issued on 27 September, 2022.

Operating expenses have grown slightly by 10% as compared to a 25% growth in 2021 following cost efficiency measures being put in place by the bank.

The Bank recorded a Balance Sheet decline of 10% year on year from ZMW 14.8b to ZMW 13.4b. Loans and advances reduced by 13% year on year and Customer Deposits declined by 12% year on year.

Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor reported on by the external auditors of the Bank.

The Bank expects its results for the six-month period ended 30 June 2022 to be released on SENS and published in the local press on or about Wednesday, 28 September 2022. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until publication of the results.

Buy JNews
ADVERTISEMENT

Sharing is caring!

  • Facebook
  • Twitter
  • LinkedIn
ShareTweetPin
Standard Chartered Bank Zambia Press

Standard Chartered Bank Zambia Press

Related Posts

Banking

African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction..

September 13, 2023
FNB Zambia

FNB Zambia and Liquid Intelligent Technologies partner to offer to drive convenience through affordable data access.

September 11, 2023
ABSA Banka Zambia

The Economics of Marathons – How ABSA Zambia Created a Love Mark with ‘Twende’

September 5, 2023
Banking

The Bank of Zambia Act, No. 5 of 2022

August 15, 2023
Banking

FNB Zambia launches a Chimbuya Football Tournament to Build up on the upcoming Ukusefya Pa Ng’wena Traditional Ceremony.

August 13, 2023
Banking

ZNBS Pays a K5 million Higher Dividend to Ministry of Finance in 2023 FY – Minister Situmbeko in K30 million Payment Euphoria from Housing Finance Asset

August 9, 2023
Next Post

CFAO - STANBIC PARTNERSHIP SHIFTS GEARS IN CAR OWNERSHIP

ZANACO - Unaudited Results For The Period Ended 30 June 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Articles

  • Lupiya raises $8.25 million in Series A round to grow its neo banking business.
  • President Hakainde Hichilema Signals Open Access to Electricity
  • African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction..
  • Global Africa Business Initiative announces world-class lineup for ‘Unstoppable Africa’ 2023 event
  • FNB Zambia and Liquid Intelligent Technologies partner to offer to drive convenience through affordable data access.

Recommended Stories

Rhodes University recognized for its focus on ESG

September 8, 2023

Daily FiZ – Monday 29/03

March 29, 2021

A Quick Summary of the Presidents Address to Parliament

September 10, 2021

Popular Stories

    About Us

    The Financial Insights of Zambia was established in 2017 as a follow up to the success of The Financial Health of Zambia’s Premier Companies blog which was birthed as an idea that would address the challenge Zambian investors had in understanding how companies within the economy created value. Armed with the annual reports of companies listed on the Lusaka Stock Exchange, we bring business analysis and valuation of these premier companies.

    What’s New Here!

    • Lupiya raises $8.25 million in Series A round to grow its neo banking business.
    • President Hakainde Hichilema Signals Open Access to Electricity
    • African Development Bank announces investor calls for inaugural USD Global Benchmark Sustainable Hybrid Capital transaction..
    • Global Africa Business Initiative announces world-class lineup for ‘Unstoppable Africa’ 2023 event
    • FNB Zambia and Liquid Intelligent Technologies partner to offer to drive convenience through affordable data access.
    • Unifi Credit Demonstrates its Corporate Ethos and Culture at its Annual Golf Day

    © 2023 - Fizambia.com - All Rights Reserved

    No Result
    View All Result
    • Home
    • Business
    • Culture
    • Economy
    • Lifestyle
    • Health
    • Travel
    • Opinion
    • Politics
    • Tech
    • World
    • Support Forum
    • Contact Us

    © 2023 - Fizambia.com - All Rights Reserved