Thursday, April 25, 2024

StanChart declares Q2 dividend

Ordinary shareholders registered with the Botswana Stock Exchange (BSE) quoted bank, Standard Chartered Standard Chartered Bank Botswana Limited (SCBB) will receive an interim dividend of 10.06 thebe per an ordinary share. This is being the second quarter interim dividend which is expected to be paid around 21st of September 2014.

In a statement released to the markets late Monday, the bank says the dividend which has been declared for the period that ended June 30 will be payable to those shareholders registered at close of business on 29th of August 2014.

The dividend announcement follows the Bank’s latest financial results statements which were also released on Monday indicating that it has delivered a good set of results for the first half of 2014.

The Bank’s income is 13 percent ahead of last year which Lekaukau says was driven by strong performance from Retail Clients and increasing momentum from our Corporate and Institutional Clients segment, while trading profit shows 21 percent year on year growth.

Early this year, StanChart the rolled out its new One Bank strategy with a refined organisational structure that concentrates on two main customer segment groups ÔÇô Retail Clients and Corporate and Institutional Clients.

“This allows Standard Chartered to bring more focus to the specific client segments and serve their needs from end to end in a seamless manner. The Bank is already starting to realise some gains from this new development and is excited about the added value it will bring to our clients. Retail Clients continues to drive asset growth with good diversification of products,” Lekaukau said in a statement accompanying the bank’s half year results.

At the same time, the bank’s financials shows that its personal loans are performing well, while other areas such as mortgage lending are also showing a strong growth trajectory.

The bank says that it’s corporate and Institutional Clients segment continues to leverage its global capabilities to bring superior solutions that meet our clients’ specific needs.

In the first half of 2014 the bank concluded a number of significant trade transactions, again demonstrating the strength of our capabilities and balance sheet.

The London originating bank also says that despite the low interest rate environment in the domestic market which increased pressure on margins, the business delivered strong balance sheet growth, with loans and advances increasing by 27 percent and deposits also growing by a healthy 24 percent.


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