Standard Bank reported a 4% rise in annual profit, with headline earnings of 44.5 billion rand, and declared a final dividend of 763 cents per share.
Standard Bank, recognized as Africa’s largest lender by assets, announced a 4% increase in its annual profit for the year ending December 31. The financial institution reported headline earnings of 44.5 billion rand, equivalent to approximately $2.42 billion, as opposed to 42.9 billion rand from the previous year. Furthermore, the bank declared a final dividend of 763 cents per share, reinforcing its commitment to shareholder returns.
In summary, Standard Bank has shown solid financial growth with a 4% increase in annual profit, reflecting its robust performance in the African banking sector. The declared final dividend of 763 cents per share signals the bank’s dedication to rewarding its investors as it continues to navigate the economic landscape.
Original Source: money.usnews.com
