News Formal

Standard Bank’s earnings jump

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Africa’s largest lender by assets says higher client transactional and trade activity and market volatility boosted earnings

Standard Bank reported a 42% rise in earnings during the nine months to end-September, thanks to higher client transactional and trade activity and market volatility.

Africa’s largest lender by assets, valued at R255bn on the JSE, said on Wednesday in an update that forms part of information it provides one of its major shareholders, the Industrial & Commercial Bank of China , that it benefited from higher average loan and advance balances while higher average interest rates supported strong double-digit net interest income growth...

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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Standard Bank Internet and business banking offlineStandard Bank reported an issue with its Internet banking and Business Online platforms on Tuesday. Been down for a while now. Been trying since 10:30 and boom AA boom
Source: mybroadband - 🏆 11. / 67 Read more »

Calgro M3’s headline earnings jump nearly a thirdThe housing and memorial parks developer noted an uptick in its residential property development segment but memorial parks suffered a setback
Source: BDliveSA - 🏆 12. / 63 Read more »