Standard Bank, Africa's largest lender by assets, says earnings rose more than a quarter in the three months to end-March, boosted by rising interest rates and a pick up in client activity as Covid-19 restrictions eased.
Earnings attributable to shareholders grew 28% in the three months, Standard Bank said on Monday, with interest rates higher in Angola, Ghana, Mauritius, Mozambique, Namibia, SA, Zambia as well as the US and UK, helping with revenue from its interest-bearing assets, such as loans...
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