South Africa’s Standard Bank posts 34% jump in interim profit

Africa’s biggest lender by assets Standard Bank said on Thursday its interim profit jumped by more than a third as high interest rates helped offset rising bad loans. The lender posted a headline earnings per share of 12.8 rand for the six months ended June 30, up from 9.55 rand a year earlier. South African … Continue reading South Africa’s Standard Bank posts 34% jump in interim profit