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2010 HIGHLIGHTS
SOLID PERFORMANCE IN A CHALLENGING ECONOMIC ENVIRONMENT
HEADLINE EARNINGS |
DILUTED HEADLINE EARNINGS PER SHARE 1 069 cents+8,7% |
NET ASSET VALUE PER SHARE 9 831 cents+8,0% |
NON-INTEREST REVENUE R13,2bn+11,0% |
CONTINUED NEW PRODUCT DEVELOPMENT AS PART OF COMMITMENT TO LEADING THROUGH INNOVATION.
COST DISCIPLINE MAINTAINED WHILE CREATING FRONTLINE JOBS.
ONGOING ENHANCEMENT OF CAPITAL MANAGEMENT AND RISK PROCESSES.
- Approval by South African Reserve Bank of Advanced Measurement Approach for operational risk (effective 2010) and Internal Model Approach for market risk (effective 2011).
- Strong capital and liquidity positions.
- Capital adequacy further strengthened (core Tier 1: 10,1%).
MAINTAINED AND ENHANCED LEVEL 2 BROAD-BASED BLACK ECONOMIC EMPOWERMENT RANKING IN TERMS OF DEPARTMENT OF TRADE AND INDUSTRY CODES.
HIGH LEVEL OF STAFF MORALE MAINTAINED DESPITE DIFFICULT OPERATING CONDITIONS. RETAINED AND STRENGTHENED POSITION AS SOUTH AFRICA’S ‘GREEN AND CARING’ BANK.
- Carbon neutral – Africa’s first carbon-neutral financial organisation.
- Listed for the sixth year on the Dow Jones World Sustainability Index – the world’s premier performance benchmark for companies in terms of corporate sustainability.