In many African countries, Standard Bank is not as large as it would like to be. But it has a physical presence in 20 African countries and is already by far the biggest pan-African group in terms of its scale in the main sub-Saharan markets, the size of its balance sheet and its absolute profit.
The result was evident in 2022, with record group headline earnings of R34.2 billion ($1.85 billion), up 37% on 2021, and a similar year-on-year increase reported for the first quarter of 2023.
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