Standard Bank, South Africa’s largest lender, reported a 4% increase in annual profit, reaching 44.5 billion rand for the year ending December 31, and declared a final dividend of 763 cents per share.
On Thursday, Standard Bank, recognized as Africa’s largest lender by assets, announced a 4% increase in its annual profit. This growth was reflected in its headline earnings, which reached 44.5 billion rand (approximately $2.42 billion) for the year ending December 31, compared to 42.9 billion rand the previous year. Additionally, the bank declared a final dividend of 763 cents per share, demonstrating its commitment to returning value to shareholders.
Standard Bank’s announcement of a 4% rise in annual profit and a significant dividend payout underscores its financial stability and commitment to shareholder returns. With a notable increase in headline earnings, the bank is poised for continued growth in the South African market.
Original Source: www.tradingview.com
