Standard Bank reports a 4% rise in annual profit for the year ended December 31, amounting to 44.5 billion rand ($2.42 billion). A final dividend of 763 cents per share has been declared.
Standard Bank, recognized as Africa’s largest lender by assets, reported a 4% increase in annual profit 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 the previous year. Additionally, Standard Bank declared a final dividend of 763 cents per share to its shareholders, reinforcing its profit growth amidst economic challenges.
In summary, Standard Bank’s 4% rise in annual profit highlights its strong financial position and resilience within the banking sector. The declaration of a substantial dividend further reflects the bank’s commitment to returning value to its shareholders during a period of financial growth.
Original Source: www.tradingview.com
