Standard Bank Group Ltd - Company Profile
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Standard Bank Group Ltd (SBG) is one of the leading African banking and financial services groups. Adequate capital and liquidity; and cash position are its major strengths, even as the deteriorated non-interest income could be considered as a cause for concern. The emergence of FinTech, short-term economic outlook in South Africa and the growing market for payments channels in South Africa could provide ample growth opportunities to the group. However, adverse economic effects of the Risk of Mortgage Credit Loss, online identity theft and hacking, and emergence of neobanks could pose various challenges to the group.
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