{"id":8701,"date":"2012-03-08T14:59:46","date_gmt":"2012-03-08T12:59:46","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-2-stanbank-earnings-up-21-percent-as-africa-pays-off\/"},"modified":"2012-03-08T14:59:46","modified_gmt":"2012-03-08T12:59:46","slug":"update-2-stanbank-earnings-up-21-percent-as-africa-pays-off","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-stanbank-earnings-up-21-percent-as-africa-pays-off\/","title":{"rendered":"UPDATE 2-StanBank earnings up 21 percent as Africa pays off"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY headline EPS 860.4 cents vs 708.6 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Net interest income up 7 pct to R28.8 bln<\/p>\n<p><span><\/span><\/p>\n<p>* Credit impairments fall 13 pct to R6.5 bln<\/p>\n<p><span><\/span><\/p>\n<p>* Shares up over 9 pct this year<\/p>\n<p> (Adds details, analyst)<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 8 (Reuters) &#8211; South Africa&#8217;s<br \/>\nStandard Bank Group Ltd reported a 21 percent rise in<br \/>\nfull-year profit on Thursday, helped by a drop in bad debts and<br \/>\nits refocus on fast-growing African markets.<\/p>\n<p><span><\/span><\/p>\n<p>Africa&#8217;s top lender by assets has been expanding in<br \/>\nsub-Saharan countries such as Nigeria, as part of a retooled<br \/>\nstrategy that led it to exit Russia and Argentina over the last<br \/>\nyear.<\/p>\n<p><span><\/span><\/p>\n<p>Johannesburg-based Standard Bank has operations in at least<br \/>\n17 sub-Saharan markets including a new licence in South Sudan.<br \/>\nIt has said it no longer has ambitions to buy or build<br \/>\ncommercial banking operations outside of Africa.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The one thing we were keeping a close eye on &#8230; was the<br \/>\nrest of Africa operation,&#8221; said Imara analyst Darren Coulter,<br \/>\nreferring to a rise in earnings from the continent outside South<br \/>\nAfrica to 1.03 billion rand.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY headline EPS 860.4 cents vs 708.6 cents * Net interest income up 7 pct to R28.8 bln * Credit impairments fall 13 pct to R6.5 bln * Shares up over 9 pct this year (Adds details, analyst) By Helen Nyambura-Mwaura JOHANNESBURG, March 8 (Reuters) &#8211; South Africa&#8217;s Standard Bank Group Ltd reported a [&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-8701","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\/8701","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=8701"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8701\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}