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South Africa's Standard Bank first-half earnings rise 6% Featured

Written by  Aug 08, 2019

South Africa’s largest lender by assets Standard Bank Group Ltd on Thursday reported a 5% rise in headline earnings per share for the six months ended June 30. 

The bank said its HEPS - the main profit measure in the country - for the period stood at 837.4 cents ($0.5589), compared with 794 cents in the same period last year.

The group’s capital position remained strong, with a common equity tier 1 (CET1) ratio of 14.0%, which supported the interim dividend of 454 cents per share, an increase of 6% on the prior period.