Standard Bank profits fall as customers struggle to pay debts
20 August 2020 - 08:28
Standard Bank has reported that first-half profits fell more than a third in its six months to end-June, as Covid-19 weighed on economic activity and the ability of its clients to repay their debts.
Group headline earnings for the first half were R7.5bn, a decline of 44% from the prior comparative period, with the group describing the pandemic as “the worst economic shock in living memory”...
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