Standard Bank of South Africa reported a 4% rise in annual profit, with headline earnings at 44.5 billion rand ($2.42 billion) for the year ended December 31. A final dividend of 763 cents per share was also declared.
Standard Bank, recognized as Africa’s largest lender by assets, announced a 4% increase in its annual profits during a recent report. Reporting from South Africa, the bank disclosed that its headline earnings reached 44.5 billion rand (equivalent to $2.42 billion) for the year concluded on December 31, compared to 42.9 billion rand from the prior year. Furthermore, the bank declared a final dividend of 763 cents per share.
In summary, Standard Bank has demonstrated growth with a 4% increase in annual profits, highlighting its financial stability through rising headline earnings and the declaration of dividends. This performance reflects the bank’s resilience and capacity to generate profit amidst varying economic conditions.
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