Loan Digest

Standard Bank says customers falling behind on debt repayments

  • 📰 eNCA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Africa's biggest lender, Standard Bank, says a rapid rise in interest rates is seeing people struggling to make their repayments.

It warned impairment charges surged almost 50-percent in the five months to end-May after being hit by consumer strain.The good showing come on the back of higher net interest income and non-interest revenue growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Standard Bank’s bad debt charges up nearly 50%SA’s largest lender StandardBankZA – says credit impairment charges jumped nearly 50% in the first five months of the year as consumers faced mounting pressure from the country’s deteriorating economy, sticky inflation and more BadDebt NtandoThukwana
Source: Moneyweb - 🏆 5. / 77 Read more »