Standard Bank reported a 4% rise in annual profit, reaching 44.5 billion rand ($2.42 billion) for the year ending December 31. The bank declared a final dividend of 763 cents per share, indicating strong financial performance.
Standard Bank, the largest lender in Africa by assets, announced a 4% increase in annual profit for the year ending December 31. The financial institution, headquartered in South Africa, reported headline earnings of 44.5 billion rand ($2.42 billion), up from 42.9 billion rand in the prior year. Furthermore, the bank declared a final dividend amounting to 763 cents per share, reflecting its commitment to shareholder returns amidst consistent financial performance.
The recent financial results from Standard Bank illustrate its stability and growth, with a 4% rise in annual profit and a substantial increase in headline earnings. The declaration of a dividend showcases the bank’s dedication to rewarding its shareholders, reinforcing its position as a leading financial entity in Africa.
Original Source: money.usnews.com
