Standard Bank

2022 - 4 - 25

Standard Bank Group 1Q Net Profit, Trading Revenue Rose ... (marketscreener.com)

By Sabela Ojea. Standard Bank Group Ltd. said Monday that its net profit increased significantly in the first quarter of the year, supported by core ...

The lender said its credit performance for the period was largely in line with views and that its overall performance was also supported by subsidiary ICBC Standard Bank PLC's trading following an insurance recovery. The South African bank said that net profit for the quarter was 28% higher than in the same period a year earlier, and that trading revenue was slightly ahead of the prior year. Standard Bank Group Ltd. said Monday that its net profit increased significantly in the first quarter of the year, supported by core franchise and balance sheet momentum and despite a rise in operating expenses.

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Image courtesy of "Morningstar.com"

Standard Bank Group 1Q Net Profit, Trading Revenue Rose (Morningstar.com)

By Sabela Ojea. Standard Bank Group Ltd. said Monday that its net profit increased significantly in the first quarter of the year, supported by core ...

The lender said its credit performance for the period was largely in line with views and that its overall performance was also supported by subsidiary ICBC Standard Bank PLC's trading following an insurance recovery. The South African bank said that net profit for the quarter was 28% higher than in the same period a year earlier, and that trading revenue was slightly ahead of the prior year. Standard Bank Group Ltd. said Monday that its net profit increased significantly in the first quarter of the year, supported by core franchise and balance sheet momentum and despite a rise in operating expenses.

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Image courtesy of "Business Day"

Standard Bank gets boost from rising interest rates and easing ... (Business Day)

Earnings rose 28% year on year in the three months to end-March, Standard Bank says, while activity among clients picked up.

Earnings attributable to shareholders grew 28% in the three months, Standard Bank said on Monday, with interest rates higher in Angola, Ghana, Mauritius, Mozambique, Namibia, SA, Zambia as well as the US and UK, helping with revenue from its interest-bearing assets, such as loans... A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Standard Bank, Africa's largest lender by assets, says earnings rose more than a quarter in the three months to end-March, boosted by rising interest rates and a pick up in client activity as Covid-19 restrictions eased.

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Image courtesy of "News24"

Rising interest rates and the end of lockdown boost Standard Bank's ... (News24)

Standard Bank's earnings rose 28% in the first three months of 2022 compared to the same period in 2021.

The performance in the bank's insurance operations was just as upbeat. Standard Bank said its credit impairment charges – which shot up to historic highs in 2020 – continued to decline. Higher transactional activity underpinned by a larger client base and less restrictions supported fee growth," wrote Standard Bank in a trading update on Monday.

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