Standard Bank reports a 4% rise in annual profit to 44.5 billion rand ($2.42 billion) and declares a final dividend of 763 cents per share.
Standard Bank, the largest lender in Africa by assets, has announced a 4% increase in its annual profit. The bank reported that its headline earnings reached 44.5 billion rand (approximately $2.42 billion) for the fiscal year ending December 31, an increase from last year’s earnings of 42.9 billion rand. Additionally, the bank declared a final dividend of 763 cents per share to its shareholders.
In summary, Standard Bank has demonstrated notable financial growth with a 4% rise in annual profit, reaching 44.5 billion rand. The declaration of a substantial dividend highlights the bank’s commitment to rewarding its shareholders amidst its growth.
Original Source: www.tradingview.com
