News Formal

Standard Bank boosts earnings – but flags consumer trouble

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 61%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Standard Bank has seen a small jump in profits, even as its personal and private clients struggle to pay back their loans.

Standard Bank’s credit losses remain elevated, even if the group has seen an increase in headline earnings.single digits from 5M23.

Higher average interest rates and increased client transactional volumes supported income growth over the period, but lower trading revenues lessened it. Growth in income and operating expenses were also lessened due to currency movements over the period, and total income growth exceeded operating expenses growth, resulting in positive jaws.“Higher charges in Business & Commercial Banking and Personal & Private Banking has slowed.“Sovereign debt provisions in Africa Regions, specifically Ghana and Malawi, were the key driver of higher CIB credit charges in the prior period.

The group’s earnings from its Insurance & Asset Management business increased period-on-period due to improved performance in its Shareholder Assets and Exposures portfolio.

 

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:

 /  🏆 24. 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.

Greater flexibility and enhanced returns: Reach your savings and investment goals with Standard BankStandard Bank continues to lead the way in financial services, offering innovative savings and investment strategies that help South Africans achieve their financial goals, even in the face of challenging economic conditions.
Källa: BusinessTechSA - 🏆 24. / 61 Läs mer »