Business and Technology

Standard Bank earnings doubled in six months

Standard Bank‘s earnings have more than doubled in six months. This is thanks to increased activity and lower credit impairment charges.

Standard Bank says its interim results reflect a recovery in client activity, an improved outlook, and strong momentum in the underlying business.

The bank, which is Africa’s biggest lender by assets, says first-half earnings grew 52-percent. That is mainly because of a drop-off in bad debt charges experienced by all banks at the peak of the pandemic.

Standard’s debt charges dropped by 49-percent. The bank is able to declare a dividend of 360 cents.

In other news – Everything you need to know about Asus’s powerful smartphone

Asus has updated its ROG gaming smartphones with a powerful new mobile processor and more RAM. The fifth generation of high-end Asus gaming phones consists of the ROG Phone 5S and 5S Pro.

Asus gaming phones

These boast Qualcomm’s new Snapdragon 888+ 5G chip, an upgraded version of the standard Snapdragon 888, which shipped in the ROG Phone 5. Learn more

Source: eNCA

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