Standard Bank recently released its interim results for the period ended 30 June 2020. The group reported record revenues of R56 billion for 1H2020, despite the headwinds created by COVID-19. Group headline earnings per share were down by 43% to 473.8 cents (1H2019: 837 cents), and basic earnings per share declined by 71% to 236.7 cents (1H2019: 827 cents.
Standard Bank reported an increase in credit impairment charges, reflective of the challenging macroeconomic environment, with continued strain on corporates and the consumer.
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