News Formal

South Africa’s biggest bank delivers record earnings

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 61%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Standard Bank Group, South Africa’s biggest bank when measuring capital said Friday that it delivered record headline earnings of R15.3 billion for the six months to 30 June 2022, up 33% from the prior period, spurred by franchise growth.

said Friday that it delivered record headline earnings of R15.3 billion for the six months to 30 June 2022, up 33% from the prior period, spurred by franchise growth.Standard Bank said its South African banking business recorded a strong rebound. Headline earnings increased by 30% and ROE improved to 14.2%. Revenue grew by double digits, boosted by a strong trading performance and an ongoing recovery in activity-related fees, up 41% and 10% respectively.

Half of Standard Bank’s business and commercial clients are now accessing the group’s digital channels. Consumer High Net Worth has seen an 18% growth in platform customers and a 25% increase in digital transactions to over 240 million, it said.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 24. in FR

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.

Standard Bank reports record half-year headline earningsAfrica’s largest bank by assets, SBGroup (SBG), on Friday reported record headline earnings of R15.3 billion for the six months to 30 June 2022 – a surge of 33% on the comparative 2021 half-year. Moneyweb BusinessNews
La source: Moneyweb - 🏆 5. / 77 Lire la suite »