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Home Africa

Standard Bank first-half profit rises 14%

FurtherAfrica by FurtherAfrica
August 17, 2017
in Africa, Angola, Banking, Economy, Finance, Ghana, Mozambique, Nigeria, Uganda
Reading Time: 1 min read
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Standard Bank first-half profit rises 14%
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South Africa’s Standard Bank Group Ltd. (SBK.JO), Africa’s biggest lender by assets, reported a higher half-year profit on Thursday, citing robust earnings in markets on the broader continent, including Angola, Ghana, Mozambique, Nigeria and Uganda.

The Johannesburg-based bank said profit climbed 14% to 12.34 billion South African rand ($0.93 billion) in the six months to June 30 from the same period in 2016. Headline earnings, the bank’s preferred profit measure that strips out certain exceptional and one-off items, rose 12% to ZAR12.11 billion in the first half of 2017.

The bank increased its first-half dividend by 18% to ZAR4 a share. Non-interest revenue climbed 3.6% to ZAR28.77 billion.

Source: MarketWatch

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Tags: AngolaGhanaMozambiqueNigeriaStanbic BankStandard Bank GroupUgandaアンゴラウガンダガーナナイジェリアモザンビーク乌干达安哥拉,加纳,莫桑比克尼日利亚
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Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

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