Covid-19 has weighed on the group, with credit impairment charges rising 2.7 times to R11.3bn to end-June
Standard Bank has reported that first-half profits fell more than a third in its six months to end-June, as Covid-19 weighed on economic activity and the ability of its clients to repay their debts.
Credit impairment charges increased to R11.3bn, 2.7 times those reported in the prior period, “reflective of the tough environment and outlook”, the group said.
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