Standard Bank reported a 4% rise in annual profit, with headline earnings at 44.5 billion rand ($2.42 billion) for the year ended December 31. A final dividend of 763 cents per share was also declared.
Standard Bank, the largest lender in Africa by assets, announced a 4% increase in annual profits on Thursday. The financial institution declared a final dividend of 763 cents per share. For the year ending December 31, the bank reported headline earnings rising to 44.5 billion rand ($2.42 billion), up from 42.9 billion rand the previous year, reflecting its steady financial performance amidst market challenges.
In summary, Standard Bank’s reported 4% increase in annual profits demonstrates its resilience and growth in the financial sector. The bank’s substantial headline earnings and announced dividend indicate a strong financial position, vital for its stakeholders in the evolving market landscape.
Original Source: money.usnews.com
