LONDON: Standard Bank Group Ltd said first-half profit plunged as the fallout from the coronavirus hit customers of Africa’s largest bank.
Earnings per share before one-time items in the six months through June probably fell 30% to 50% from a year earlier, the Johannesburg-based lender said in a statement.“Despite considerable effort, the pandemic appears to be gaining momentum in certain of the markets in which the group operates on the continent, particularly in South Africa, ” Standard Bank said.
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