(March 12): Standard Bank Group Ltd, Africa’s biggest lender by assets, reported record profit as a growing client base bolstered fee and commission income, and as market volatility drove trading revenue. Headline earnings for the year climbed 10.5% to 49.2 billion rand (US$2.9 billion or RM11.5 billion), the Johannesburg-based lender said. That compares with the 48.2 billion rand median estimate compiled by Bloomberg. Non-interest revenue grew 10% to 63.75 billion rand. Standard Bank said it has cumulatively mobilised more than 277 billion rand in sustainable finance since 2022, with 100 billion rand added in 2025 alone.

Source: The Edge Markets March 12, 2026 08:20 UTC