Standard Bank of South Africa reported a 4% increase in annual profit, with headline earnings rising to 44.5 billion rand and a final dividend of 763 cents per share for the year ending December 31.
Standard Bank, the largest lender in Africa by assets, announced a 4% increase in annual profit for the year ended December 31. The financial institution reported headline earnings rising to 44.5 billion rand, equivalent to $2.42 billion, up from 42.9 billion rand the previous year. Additionally, Standard Bank declared a final dividend of 763 cents per share, reflecting its commitment to returning value to shareholders.
In summary, Standard Bank’s financial performance demonstrates a steady growth in profit alongside shareholder returns. The reported increase in headline earnings and the declared dividend indicate a robust positioning in the banking sector.
Original Source: www.tradingview.com
