Standard Bank has reported a 4% rise in annual profit to 44.5 billion rand ($2.42 billion) for the year ending December 31. The bank has also declared a final dividend of 763 cents per share.
Standard Bank, the largest lender in Africa by assets, announced a 4% increase in its annual profit. The report, released on Thursday, revealed that the bank declared a final dividend of 763 cents per share. For the year ending December 31, the bank’s headline earnings reached 44.5 billion rand (approximately $2.42 billion), compared to 42.9 billion rand in 2022.
In conclusion, Standard Bank reports a 4% rise in annual profit, reflecting underlying stability and growth within the bank’s operations. The final dividend declaration underscores the bank’s commitment to returning value to shareholders as it navigates the economic landscape.
Original Source: money.usnews.com
