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.
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
