Standard Bank has seen a profit jump of 27% and a return on equity of 18.8% for 2023. The bank's net income grew to R177 billion, with headline earnings reaching R42.9 billion. The bank's Africa Regions franchise contributed 42% to group earnings, with Ghana, Kenya, Mauritius, Mozambique, Nigeria, Uganda, Zambia, and Zimbabwe being the top contributors. The bank also saw a 6% growth in active customers.
Standard Bank has reported a 27% increase in earnings and a return on equity of 18.8% for 2023. The group's net income grew to R177 billion, with headline earnings reaching R42.9 billion. The bank's Africa Regions franchise contributed 42% to group earnings, with Ghana, Kenya, Mauritius, Mozambique, Nigeria, Uganda, Zambia, and Zimbabwe being the top contributors.
The bank also saw a 6% growth in active customers, adding nearly 670,000 new customers in South Africa and African regions.
Standard Bank Profit Jump Earnings Growth Return On Equity Africa Regions Franchise Active Customers
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