Standard Bank reports a 4% rise in annual profit, achieving 44.5 billion rand in headline earnings. The bank has declared a final dividend of 763 cents per share, reflecting its positive financial results for the year ending December 31.
Standard Bank, recognized as Africa’s largest lender by assets, has announced a 4% increase in its annual profit. In a recent disclosure, the bank indicated that its headline earnings reached 44.5 billion rand (approximately $2.42 billion) for the fiscal year concluding on December 31, compared to 42.9 billion rand the previous year. Additionally, Standard Bank declared a final dividend of 763 cents per share, reflecting a positive financial outlook.
In summary, Standard Bank has demonstrated a commendable financial performance with a 4% rise in annual profit, culminating in total headline earnings of 44.5 billion rand. The issuance of a final dividend also indicates the bank’s commitment to returning value to its shareholders amidst its growth trajectory.
Original Source: www.tradingview.com
