THE Jersey-headquartered Standard Bank Wealth International has issued its half-year results, reporting a 31% increase in headline earnings at £25.5m.

The division reported full-year headline earnings in 2017 of £36.8 million, up 32% on 2016.

Standard Bank Wealth International also has offices in the Isle of Man, Mauritius, London and South Africa and is 100% owned by Standard Bank Group.

Jonathan Peake, chief financial officer of Standard Bank Wealth International, said: ‘These latest results represent an excellent performance by the business and reflect the efforts of all our dedicated staff who are committed to the successful delivery of our strategy. The macroeconomic picture has contributed to a positive set of results, while the business has continued to see robust growth within the underlying fundamentals and across its product and services.

‘This strong set of interim results also reflects the bank’s ongoing focus on Africa and commitment to serving our clients, many of whom have a strong connection to the continent. Our performance not only benefits the continent, but also continues to create prosperity in Jersey, where Wealth International has been proud to be headquartered for more than 25 years.’

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