3 days ago
Standard Bank Profit at Record as Fees Trump Waning Loan Income
Standard Bank Group Ltd., Africa's biggest lender by assets, reported first-half profit climbed to a record as fee growth and trading revenue helped offset a slowdown in interest income.
Headline earnings at the Johannesburg-based lender grew 8% to 23.8 billion rand ($1.35 billion), the Johannesburg-based lender said in a statement on Thursday. Net income available to shareholders increased 11% to 23.8 billion rand, while the lender's return on equity climbed to 19.1%
