{"id":8255,"date":"2012-02-23T14:32:11","date_gmt":"2012-02-23T12:32:11","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-2-s-africas-top-two-banks-see-double-digit-profit-growth\/"},"modified":"2012-02-23T14:32:11","modified_gmt":"2012-02-23T12:32:11","slug":"update-2-s-africas-top-two-banks-see-double-digit-profit-growth","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-s-africas-top-two-banks-see-double-digit-profit-growth\/","title":{"rendered":"UPDATE 2-S.Africa&#8217;s top-two banks see double-digit profit growth"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Standard sees FY Headline EPS up 18-22 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* FirstRand expects 24-28 pct H1 growth<\/p>\n<p><span><\/span><\/p>\n<p>* Both stocks have outpaced blue-chip index this year<\/p>\n<p> (Adds FirstRand)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 23 (Reuters) &#8211; South Africa&#8217;s top<br \/>\ntwo lenders said on Thursday they expected profits to rise by<br \/>\naround 20 percent, the latest sign banks in Africa&#8217;s largest<br \/>\neconomy are back on the road to recovery after a 2009 recession<br \/>\nsuppressed credit demand.<\/p>\n<p><span><\/span><\/p>\n<p>Standard Bank Group Ltd, Africa&#8217;s biggest lender by<br \/>\nassets, said its full-year diluted headline earnings per share<br \/>\nlikely grew by between 18 and 22 percent, in line with the 19.5<br \/>\npercent average increase in a survey of 13 analysts by Reuters.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Smaller rival FirstRand said its diluted normalised<br \/>\nEPS grew by 24-28 percent in the six-month period to<br \/>\nend-December.<\/p>\n<p><span><\/span><\/p>\n<p>Headline and normalised EPS, earnings measures commonly used<br \/>\nin South Africa, exclude certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg-based Standard Bank, which is 20 percent owned<br \/>\nby Industrial and Commercial Bank of China, will<br \/>\nreport its results on March 8. FirstRand&#8217;s announcement is<br \/>\nscheduled for Feb. 28.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Standard sees FY Headline EPS up 18-22 pct * FirstRand expects 24-28 pct H1 growth * Both stocks have outpaced blue-chip index this year (Adds FirstRand) JOHANNESBURG, Feb 23 (Reuters) &#8211; South Africa&#8217;s top two lenders said on Thursday they expected profits to rise by around 20 percent, the latest sign banks in Africa&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8255"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}