Standard Bank, SA’s second-largest bank by market capitalisation, missed earnings expectations in its full-year to end-December, when credit impairment charges rose almost a quarter due to the deteriorating economic performance of SA and parts of Africa.
Credit impairment charges rose 23% to R7.96bn, with the group saying it expected sustained economic weakness in SA in the absence of tangible progress by the government in pursuing its reform programmes.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
India’s central bank is business unusual in a bid to boost lendingThe Reserve Bank of India pulls down borrowing costs after five rate cuts in 2019 failed to spur credit demand
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
India’s central bank is business unusual in a bid to boost lendingThe Reserve Bank of India pulls down borrowing costs after five rate cuts in 2019 failed to spur credit demand
La source: BDliveSA - 🏆 12. / 63 Lire la suite »