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WATCH: Standard Bank takes the lead in big four’s earnings race
Standard Bank posted a strong financial performance for its full-year to end-December, delivering 14% growth in headline earnings, while return on equity improved to 17.1% from 15.3% in 2016. But revenue growth remained subdued, indicating that it has not been an easy year for the group. But this is still well above the 2.2% rise Nedbank reported and the 4% decline announced by Barclays Africa. Standard Bank has declared a final dividend of R5.10, which takes the total dividend to R9.10 — a 17% jump on the previous year’s payout. Standard Bank CEO Sim Tshabalala spoke to Business Day TV about the group’s full-year results. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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