A 26% compound growth in headline earnings from its divisions across the continent has helped the bank weather South Africa’s paltry growth rates over the past decade.
Standard Bank, Africa’s largest lender by assets, has reported robust growth in its operations in the rest of the continent, while analysts are keeping a close eye on how the bank integrates its now fully owned insurance arm, Liberty.
For the 12 months to end-December, Standard Bank’s headline earnings jumped 37% to R34.27bn, whereas its banking activities reported a 22% gain to R30.54bn. This indicates Liberty’s return to profitability — it clocked up headline profits of R2bn compared with a loss of R64m a year earlier...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Japanese firms hike wages the most in 26 yearsSome of the country’s biggest companies agree to requested increases from unions
Read more »
South Africa: New Discovery - Fossilised Giant Zebra Tracks Found in South AfricaAnalysis - Tens of thousands of years ago, a huge horse species walked, trotted and galloped across the shifting sands of what is today South Africa's Cape south coast.
Read more »
South Africa: To Reduce Kidnappings, South Africa's Police Must Tackle Armed RobberyAnalysis - Intelligence-driven policing backed by dedicated investigation units and forensics can curb soaring levels of both crimes.
Read more »
South Sudan: Is South Sudan's Peace Deal Holding?A surprise government shakeup by South Sudan's President Salva Kiir this month has raised new concerns about the country's stability. The opposition in Juba's transitional unity government has called on the president to reverse the moves or risk the country's fragile peace. Vice President Riek Machar says if Kiir does not heed the demand, his "options are open."
Read more »
Standard Bank reaps the benefits of banking on AfricaA 26% compound growth in headline earnings from its divisions across the continent has helped the bank weather South Africa’s paltry growth rates over the past decade.
Read more »