South Africa’s Standard Bank reports 11% rise in annual earnings

Africa’s biggest lender by assets, Standard Bank, reported an 11% rise in annual headline earnings on Thursday, supported by strong growth in fee and trading income and a reduction in credit impairment charges. South Africa-based Standard Bank said headline earnings rose to 49.2 billion rand ($2.97 billion) in the year ended December 31 versus 44.5… Source


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