Standard Bank sees brightening outlook as it flags higher earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

Corporate clients may have dodged the pandemic’s worst-case financial scenarios

Standard Bank has forecast a rebound in half-year profits, indicating a potential trough of the pandemic-induced downturn in investment and consumer spending that saw lenders set aside billions of rand for bad loans.

The banking industry is one of the worst-hit sectors operationally and in the stock market after building up a stockpile of cash to cover potential losses from missed loan and credit payments and forcing shareholders to share the pain with the suspension of dividends...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Do you know that with just $250 you can make up to $1250 weekly without sending your money to anyone. But you’re to send back 10% to me as commission after getting your profits. Message on WhatsApp for more info +27 73 737 7618

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines