Standard Bank Profit at Record as Fees Beat Soft Loan Growth

(Bloomberg) -Afrika’s largest lending according to assets Standard Bank Group Ltd., wage increase and trade income help to balance the slowdown in interest income reported that the first half profit broke a record.

Johannesburg -based lending said on Thursday that headline earnings increased by 8% to 23.8 billion Rand ($ 1.35 billion), he said. The current net income for shareholders increased by 11% and rose to 23.8 billion RAND, while the lender’s self -esteem return to 19.1%

Standard Bank’s shares rose up to 6% in Johannesburg up to 10%. The stock has increased by 15% since the beginning of the year.

China Ltd. Supported by the Industrial and Commercial Bank, the lender saw that his business in Africa increased deposits and grew as he added customers. Angola, Ghana, Kenya, Mauritius, Mozambique and Nigeria Standard Bank are among the best contributions.

While the net wage and commission income in the bank increased by 12%, net interest income increased by 2%, lower average interest rates compressed credit margins.

The bank’s title gains in South African operations, an expanding transaction and increased by 14%in the midst of growth of active business customers supported by the trader account base.

The title gains in the remaining operations of the bank increased by 8%. The unit is now 41% of the bank’s total earnings, while South African operations are 49%.

Credit disorder, in some African operations of the Bank, especially in Mozambique, due to the deterioration of dominant loan risk, 2 8.14 billion% Rand increased in the period.

“Developing developments, the second half of this year may lead to additional value fees in the second half,” he said.

The increase in poor debts resulted in marginalized 0.93%of the loan loss rate. The Bank exceeded the 12.5% board approved target and reported 1 ratio of 13.2% joint equality level. It has exceeded this range since 2021.

Since 2022, the group has mobilized more than 230 billion RAND in sustainable finance since 2022, and 53 billion Rand has moved in the first half of 2025. The debt is planning 450 billion Rand for green loans until 2028.

Standard Bank declared 8.17 Rand temporary dividends per share and exceeded the 7.72 Rand Median analyst forecasts.

(Updates with South African performance in the fourth paragraph, low credit value in the fifth paragraph.)

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