The bell has tolled for the country’s largest banks, which will have to navigate their way through a crisis unlike any seen in a century.

Over the past two weeks, three of the big four published results for the interim period to end-June. A review of the corresponding results for Nedbank, Standard Bank and Absa provides a useful comparison in the approach taken to deal with rising bad debts and their consequent ability to recover profitability and the resumption of dividends in the next 18-24 months.

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