St George to give offshore investors good oil
(6 March 2007 – Australia) St George Bank has announced it is embarking on a series of investor conferences overseas this month.
St George said the message it would give prospective investors is that earnings momentum was continuing, driven by high single digit percentage revenue growth with the bank on track to meet its EPS growth targets of 10 percent in 2007 and 2008.
The bank said receivables growth in the middle markets for the five months to the end of February was 17 percent on an annualised basis with a healthy pipeline set to deliver twice system growth for the 2007 financial year.
St George said it expected system growth for the middle markets segment to hit 12 percent for the full year.
The bank said managed funds growth for the five months ended February was sitting at 27 percent on an annualised basis, bolstered by strong net inflows and favourable market conditions.
St George said credit quality remained strong.
The bank said receivables growth in the middle markets for the five months to the end of February was 17 percent on an annualised basis with a healthy pipeline set to deliver twice system growth for the 2007 financial year.
St George said it expected system growth for the middle markets segment to hit 12 percent for the full year.
The bank said managed funds growth for the five months ended February was sitting at 27 percent on an annualised basis, bolstered by strong net inflows and favourable market conditions.
St George said credit quality remained strong.
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