Standard Bank expects N$1.2bn profit

Standard Bank's profit for the year ended December 2025 is expected to lie in the range of between N$1.15 billion and N$1.21 billion, according to a trading statement released on the Namibia Securities Exchange.

Earnings per share is expected to reach between 221 cents and 231 cents per share, whilst headline earnings per share is anticipated to be between 223 cents and 233 cents per share, both representing growth of between 10% and 15% year-on-year compared to December 2024.

Standard Bank Namibia's December 2024 results saw its bottom line cross the billion-dollar figure for the first time in its 111-year history.

“The bank achieved profit growth of 36.8%, rising from N$770 million to N$1.05 billion. Pre-provision profit increased by 27.6%, from N$1.27 billion in the prior year to N$1.6 billion in the current year. The main contributors to this growth were increases in net interest income of 14.8% and non-interest revenue of 15.3%,” it said. 

Net interest income surged to N$2.067 billion, a 14.8% increase from the prior year. This growth was underpinned by strong average balance sheet growth and higher margins resulting from funding optimisation strategies. Net interest margin increased by 40 basis points to 5.6% in the current year.

Non-interest revenue increased by 15.3% to N$1.678 billion from the prior year, driven by increases in net fee and commission revenue of 9%, trading revenue of 11.7%, other revenue of 31.7%, and other gains and losses on financial instruments of 46.8%.

“Standard Bank will release its audited annual financial results for the year ended 31 December 2025 on or about 12 March 2026,” it said in the trading statement.