Standard Bank, Africa’s largest lender by assets, has reported robust growth in its operations in the rest of the continent, while analysts are keeping a close eye on how the bank integrates its now fully owned insurance arm, Liberty.
For the 12 months to end-December, Standard Bank’s headline earnings jumped 37% to R34.27bn, whereas its banking activities reported a 22% gain to R30.54bn. This indicates Liberty’s return to profitability — it clocked up headline profits of R2bn compared with a loss of R64m a year earlier...
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