News Formal

Standard Bank misses earnings estimate as credit impairments rise sharply

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Sverige Nyheter Nyheter

Deteriorating economic conditions in SA and parts of Africa weighed on the group in its year to end-December

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

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
Källa: BDliveSA - 🏆 12. / 63 Läs mer »