Customary Bank 9-Month EPS Falls 39%
By Ian Walker
Customary Bank Group Ltd. stated Monday that group headline earnings for the primary 9 months of the 12 months are 39% decrease in contrast with the identical interval final 12 months, with slowing stability sheet development and stress on margins.
The bank added that earnings per share for the 12 months are more likely to be greater than 20% beneath 2019’s figures. For 2019, the corporate reported headline earnings per share of 1766.7 South African cents (115.78 U.S. cents) and earnings per share of 1593.5 South African cents.
Customary Bank stated the outlook for credit score impairment expenses past this 12 months stays very unsure.
Nonetheless, the bank’s frequent fairness tier 1 ratio–a measure of economic stability–was 13.2% at Sept. 30 in contrast with 12.6% at June 30.
Customary Bank stated it nonetheless hasn’t decided on whether or not to pay a remaining dividend this 12 months.
The bank is because of report earnings for the 12 months ending Dec. 31 on March 11.
Write to Ian Walker at firstname.lastname@example.org
(END) Dow Jones Newswires
November 30, 2020 01:46 ET (06:46 GMT)
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