Standard Bank reported a 4% increase in annual profit, with headline earnings reaching 44.5 billion rand for the year ended December 31. The bank has declared a final dividend of 763 cents per share.
Standard Bank, the largest lender in Africa by assets, announced a 4% increase in its annual profit during a report released on Thursday. The South Africa-based institution declared a final dividend of 763 cents per share. For the year ending December 31, headline earnings amounted to 44.5 billion rand (approximately $2.42 billion), an increase from 42.9 billion rand in the prior year.
In summary, Standard Bank’s financial results reflect a modest growth with a 4% rise in annual profit, reinforcing its status as Africa’s leading bank by assets. The declaration of a final dividend indicates its commitment to returning profits to shareholders while demonstrating a positive trajectory in its financial performance.
Original Source: money.usnews.com
