Standard Bank reported a 4% rise in annual profit, reaching 44.5 billion rand, and declared a final dividend of 763 cents per share for the fiscal year ending December 31.
On Thursday, Standard Bank, the largest financial institution in Africa by assets, announced a 4% increase in its annual profit. For the fiscal year ending December 31, the bank reported headline earnings of 44.5 billion rand, equating to approximately $2.42 billion, up from 42.9 billion rand the prior year. Additionally, the bank declared a final dividend of 763 cents per share.
Standard Bank’s annual profit growth reflects its robust financial performance amid varying economic conditions. The reported earnings and the declared dividend illustrate the bank’s commitment to rewarding its shareholders while sustaining operational success.
Original Source: money.usnews.com
