Board Change • May 21
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent non-executive director Zebra Kasete was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 30
SBN Holdings Limited, Annual General Meeting, Apr 29, 2026 SBN Holdings Limited, Annual General Meeting, Apr 29, 2026. Location: the standard bank campus, 1 chasie street, Namibia Aankondiging • Apr 07
SBN Holdings Limited, Annual General Meeting, Apr 29, 2025 SBN Holdings Limited, Annual General Meeting, Apr 29, 2025. Location: the standard bank campus, 1 chasie street., Namibia Aankondiging • Aug 15
SBN Holdings Limited Announces Interim Cash Dividend for the Six Months Ended 30 June 2024, Payable on 27 September 2024 SBN Holdings Limited announced an interim cash dividend for the six months ended 30 June 2024 of 68 cents per ordinary share was declared on 6 August 2024. Payment date is 27 September 2024. Record date is 13 September 2024. Last day to trade cum dividend is 6 September 2024. First day to trade ex-dividend is 9 September 2024. Aankondiging • Aug 06
SBN Holdings Limited to Report First Half, 2024 Results on Aug 15, 2024 SBN Holdings Limited announced that they will report first half, 2024 results on Aug 15, 2024 Upcoming Dividend • May 06
Upcoming dividend of N$0.58 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 12%. Within top quartile of Namibian dividend payers (11%). Higher than average of industry peers (5.7%). Aankondiging • Apr 30
SBN Holdings Limited Announces Director Changes SBN Holdings Limited at the Annual General Meeting was held on 23 April 2024, approved Ms. Natasha Bassingthwaighte (independent non-executive director) retired from the board of directors effective 31 December 2023. Mr. Herbert Maier retired from the board of directors as at effective date of the Annual General Meeting (23 April 2024). Ratified the appointment of Mr. Isac Tjombonde who was appointed as the Board Chairman of SBN Holdings Limited and Standard Bank Namibia Limited with effect 01 April 2024. Regulatory approval for the appointment was obtained effective 05 February 2024. Board Change • Mar 21
High number of new directors There are 7 new directors who have joined the board in the last 3 years. CFO & Director Arlington Matenda was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 18
Final dividend of N$0.58 announced Shareholders will receive a dividend of N$0.58. Ex-date: 13th May 2024 Payment date: 31st May 2024 Dividend yield will be 11%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 34% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 5.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: N$1.47 (vs N$1.19 in FY 2022) Full year 2023 results: EPS: N$1.47 (up from N$1.19 in FY 2022). Revenue: N$3.09b (up 20% from FY 2022). Net income: N$766.3m (up 23% from FY 2022). Profit margin: 25% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Dec 09
SBN Holdings Limited Announces Retirement of Birgit Rossouw as Independent Non-Executive Director, Effective 30 September 2023 SBN Holdings Limited announced the retirement of Ms. Birgit Rossouw as independent non-executive director, effective 30 September 2023. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Namibian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Upcoming Dividend • Sep 04
Upcoming dividend of N$0.42 per share at 12% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Namibian dividend payers (12%). Higher than average of industry peers (5.6%). Aankondiging • Aug 22
SBN Holdings Limited Advises the Appointment of the Acting Chief Financial Officer, Ms. Elizabeth Du Toit SBN Holdings Limited advised of the appointment of the Acting Chief Financial Officer, Ms. Elizabeth du Toit with effect from 18 August 2023. Regulatory approval for the aforementioned appointment was obtained effective 18 August 2023 for a period of six months. Ms du Toit currently holds the position of Head: Financial Accounting in the Company. Aankondiging • Jul 27
SBN Holdings Limited and Standard Bank Namibia Limited Announces Appointment of Directors SBN Holdings Limited announced the appointment of Mr. Josephat Shitilifa Mwatotele and Mr. Jens Gerald Riedel, as Independent Non-Executive Directors of SBN Holdings Limited and Standard Bank Namibia Limited. Regulatory approval for the appointments was obtained effective 20 July 2023. Aankondiging • Jul 25
SBN Holdings Limited Announces the Resignation of Suné Brugman as Non-Executive Director SBN Holdings Limited announced that Dr Suné Brugman, has resigned as a non-executive director with effect from 10 July 2023. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 54% After last week's 54% share price gain to R8.00, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 6x in the Banks industry in Africa. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to R5.11, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 6x in the Banks industry in Africa. Total loss to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to R6.00, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 6x in the Banks industry in Africa. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of N$0.20 per share Eligible shareholders must have bought the stock before 26 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 7.4%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (5.9%). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 18% share price gain to R5.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 6x in the Banks industry in Africa. Total loss to shareholders of 18% over the past year. Upcoming Dividend • May 02
Upcoming dividend of N$0.15 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 44% but the company is not cash flow positive. Trailing yield: 7.0%. Lower than top quartile of Namibian dividend payers (10%). Higher than average of industry peers (5.3%). Upcoming Dividend • Apr 13
Upcoming dividend of N$0.14 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 07 May 2021. Trailing yield: 4.3%. Lower than top quartile of Namibian dividend payers (7.5%). In line with average of industry peers (4.2%). Upcoming Dividend • Apr 12
Upcoming dividend of N$0.14 per share Eligible shareholders must have bought the stock before 19 April 2021. Payment date: 07 May 2021. Trailing yield: 3.5%. Lower than top quartile of Namibian dividend payers (7.6%). Lower than average of industry peers (4.2%). Is New 90 Day High Low • Feb 13
New 90-day low: R6.70 The company is down 4.0% from its price of R6.95 on 13 November 2020. The Namibian market is down 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: R7.41 The company is up 7.0% from its price of R6.95 on 23 October 2020. The Namibian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 11% over the same period. Aankondiging • Nov 28
SBN Holdings Limited Announces Executive Changes SBN Holdings Limited has appointed its Head of Personal and Business Banking, Mercia Geises, as its new Chief Executive. Mercia Geises will take over from current Chief Executive Vetumbuavi Mungunda with effect from 1 May 2021. In her current role, Mercia has been responsible for the retail banking franchise, the largest division in the bank, which includes personal markets, the branch network and business banking with a headcount of over 1,000 employees. Mercia will focus on creating value for clients and shareholders by continuing the transformation of Standard Bank into a strong, digitally focused financial solutions provider. Upcoming Dividend • Nov 09
Upcoming Dividend of ₦0.21 Per Share Will be paid on the 4th of December to those who are registered shareholders by the 16th of November. The trailing yield of 3.9% is below the top quartile of Namibian dividend payers (7.8%), and is lower than industry peers (5.4%). Aankondiging • Aug 22
SBN Holdings Limited Announces Resignation of Vetumbuavi Mungunda, Chief Executive, with Effect from 1 May 2021 SBN Holdings Limited announced that Vetumbuavi Mungunda wishes to step down as Chief Executive and leave the SBN Holdings Group with effect from 1 May 2021 to pursue other professional interests. 
