Standard Bank misses earnings estimate as credit impairments rise sharply
Deteriorating economic conditions in SA and parts of Africa weighed on the group in its year to end-December
05 March 2020 - 09:07
Standard Bank, SA’s second-largest bank by market capitalisation, missed earnings expectations in its full-year to end-December, when credit impairment charges rose almost a quarter due to the deteriorating economic performance of SA and parts of Africa.
The group reported diluted earnings per share of R15.847, less than the R17.499 expected by the market. Diluted earnings per share refers to earnings per share if all options that could affect the number of shares in issue were exercised...
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